• Sage Easy Money Evolution of The Global Financial System To The Great Bubble Burst Sage Easy Money Evolution of The Global Financial System To The Great Bubble Burst

Sage Easy Money Evolution of The Global Financial System To The Great Bubble Burst

Product Code : 9788132113430

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Quick Overview

The second book in the Easy Money trilogy discusses how the global financial system evolved in the aftermath of the First World War and how that finally led to the dot-com crash in the United States, in the early 2000s. It gives an overview of how in the aftermath of the First World War, Europe was in major trouble. The book also analyzes how the United Kingdom of Great Britain, which was once the premier nation of the world, lost out to its former colony, the United States of America. 

The dominance of the United States led to its currency, the dollar, becoming the international reserve currency. This led to the United States having an exorbitant privilege which it still continues to have. Over the years, this exorbitant privilege has led to many financial crises in different parts of the world. It has also been responsible for the current financial crisis as well.  


The book concludes with the wisdom of the legendary investor Warren Buffett, who was deemed to be a failure, during the heydays of the dot-com bubble, when his investment company Berkshire Hathaway could not generate the stupendous returns that dot-com stocks had been generating. Nevertheless, in the end, it was Buffett who had the last laugh. As he wrote to his shareholders: “But a pin lies in wait for every bubble.” The lessons of the dot-com bubble bursting were never really learnt, and soon the same mistakes would be made again.
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Brand / Publisher SAGE Publications India
Return Policy 15 Days
Edition 2015
ISBN 9788132113430
Author Vivek Kaul
Language English
Pages 356
Binding Paperback


Brand Information

Sage Publications is an independent publishing company founded in 1965 in New York by Sara Miller McCune.  Sage has more than 1,500 employees globally from principal offices in Los Angeles, London, New Delhi, Singapore, and Washington DC. Sage’s publishing program includes more than 800 journals and over 800 books,reference works and electronic products covering business, humanities, social sciences, science, technology and medicine.In 2012 Sage was named the Independent Publishers Guild Academic and Professional Publisher of the Year.

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