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The Big Short: Inside the Doomsday Machine
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Author
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Michael Lewis.
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Publisher
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Norton
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Format
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hardcover
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Product Dimensions
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9.5
x
6.4
x
1
inches
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ISBN
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9780393072235
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Pages/Publication Date
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266/2010
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Daedalus Item Code
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23873
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This item is not available.
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Description
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(Shortlisted for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award) Here the author of Moneyball, Panic, and Boomerang returns to the market he left behind in the memoir Liar's Poker to explain how the U.S. economy was driven over a cliff in the housing market collapse of 2008. When the crash of the stock market became public knowledge in the fall of 2008, says Michael Lewis, it was already old news for those who had made it happen; the real crash, the silent crash, had taken place over the previous year, in bizarre derivative markets designed to profit from the misery of lower- and middle-class Americans who can't pay their debts. Yet Lewis turns this horror story into a lucid, character-driven narrative brimming with indignation and dark humor.
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