“Crisis Economics: A Crash Course in the Future of Finance,” by Nouriel Roubini and Stephen Mihm; recommended by James McCusker, columnist for The Herald and the Snohomish County Business Journal
New York University professor Nouriel Roubini is one of the few economists who understood our financial markets well enough to predict the devastating impact of the housing bubble and bust … and with remarkable accuracy predicted the catastrophe that plunged us into the darkest recession America has seen since the Great Depression of the 1930s.
Now, with that same knowledge of how our financial markets really work, he says that neither the bailouts nor the planned reform measures will change Wall Street’s course – which will drag us again into the abyss.
Few believed Nouriel Roubini in 2006, certainly no one in power took him seriously. This excellent book presents us with one of those rare opportunities: a second chance. Let’s hope we get it right this time.
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