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The Impoverishment of Nations By Leigh Skene

The Impoverishment of Nations by Leigh Skene

Condition - Very Good
$15.49
Only 2 left

Summary

Early in 2007, the author warned of the danger of a meltdown in global markets. In this book, he prescribes a different solution, outlining a plan to deal with a very different economic future, following the financial crisis that ended the longest period of prosperity for some five hundred years.

The Impoverishment of Nations Summary

The Impoverishment of Nations: The issues facing the post meltdown global economy by Leigh Skene

Early in 2007 Leigh Skene warned of the danger of a meltdown in global markets. Now, while governments spend furiously to rescue the global economy, he again challenges received wisdom. In The Impoverishment of Nations, he prescribes a different solution, outlining a plan to deal with a very different economic future, following the financial crisis that ended the longest period of prosperity for some five hundred years. We have entered a period of uncertainty, which has placed a huge burden on public finances. Governments have spent $10 trillion on bailing out financial institutions and other firms, including General Motors. We are at a tipping point and the future will be unlike the past - one of the most dangerous economic stages any generation can face. In his penetrating analysis, Leigh Skene traces how we got here and what has to happen for the global economy to recover the ground it has lost in less than two years. He looks at the shift of economic power to emerging nations, the inevitability of deflation, the unfitness for purpose of the financial markets, how governments' share of output must shrink, how solvency not liquidity caused the current crisis, and how it is wrong to think you can borrow your way to growth.

About Leigh Skene

Leigh Skene worked in debt analysis and trading for leading insurance companies and underwriters before becoming head of fixed income trading then chief economist for a major investment bank. Since 1980 he has been an independent economic consultant specialising in financial markets. He is the author of four books, and of several reports predicting the credit crunch.

Additional information

GOR002045428
9781846683329
1846683327
The Impoverishment of Nations: The issues facing the post meltdown global economy by Leigh Skene
Used - Very Good
Paperback
Profile Books Ltd
2009-11-26
256
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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