Well written, great perspective: The Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash
April 1, 2008
By Gene Jus "Gene" (desert city USA)
I am learning a lot reading this, even though I’ve followed the economy for years. The preface summarizes the situation and outlines the book, but is maybe slightly dense and technical for the average person.
But the first chapter is great for giving perspective on how the US economy has evolved, especially the troubles of the stagflation period and what caused that.
The book goes up to November 2007, with a clear understanding that the credit bubble was going to have to unwind, and it was either going to cost $1 trillion, or, if the government tried to paper it over, a lot more.
