The Downfall of Money

The Downfall of Money PDF Author: Frederick Taylor
Publisher: Bloomsbury Publishing USA
ISBN: 1620402378
Category : History
Languages : en
Pages : 433

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Book Description
"Excellent . . . Mr. Taylor tells the history of the Weimar inflation as the life-and-death struggle of the first German democracy . . . This is a dramatic story, well told." --The Wall Street Journal

The Downfall of Money

The Downfall of Money PDF Author: Frederick Taylor
Publisher: Bloomsbury Publishing USA
ISBN: 1620402378
Category : History
Languages : en
Pages : 433

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Book Description
"Excellent . . . Mr. Taylor tells the history of the Weimar inflation as the life-and-death struggle of the first German democracy . . . This is a dramatic story, well told." --The Wall Street Journal

When Genius Failed

When Genius Failed PDF Author: Roger Lowenstein
Publisher: Random House Trade Paperbacks
ISBN: 0375758259
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored. Praise for When Genius Failed “[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.”—BusinessWeek “Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.”—The Washington Post “Story-telling journalism at its best.”—The Economist

The Downfall of Money

The Downfall of Money PDF Author: Fred Taylor
Publisher: A&C Black
ISBN: 1408839911
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
Many theorists believed a hundred years ago, just as they did at the beginning of our twenty-first century, that the world had reached a state of economic perfection, a never before seen condition of beneficial human interdependence that would lead to universal growth and prosperity. And yet the early years of the Weimar Republic in Germany witnessed the most complete and terrifying unravelling of a major country's financial system to have occurred in modern times.The story of the Weimar Republic's financial crisis has a clear resonance in the second decade of the twenty-first century, when the world is anxious once more about what money is, what it means and how we can judge if its value is true. The Downfall of Money will tell anew the dramatic story of the hyperinflation that saw the once-solid German mark, worth 4.2 to the dollar in 1914, trading at over four trillion by the autumn of 1923. It is a trajectory of events uncomfortably relevant for today's uncertain world.The Downfall of Money will reveal the real causes of the crisis, what this collapse meant to ordinary people, and also trace its connection to Germany's subsequent catastrophic political history. By drawing on a wide range of sources and making sense for the general reader of the vast amount of specialist research that has become available in recent decades, it will provide a timely, fresh and surprising look at this chilling period in history.

When Giants Fall

When Giants Fall PDF Author: Michael Panzner
Publisher: John Wiley & Sons
ISBN: 0470451262
Category : Business & Economics
Languages : en
Pages : 263

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Book Description
In When Giants Fall, Panzner makes his case for the turbulent economic changes that will be occurring over the next few years and examines the resulting economic opportunities. According to Panzner, the economic changes will be widespread. Businesses will struggle amid wars, shortages, logistical disruptions, and a breakdown of the established monetary order. Individuals will be forced to rethink livelihoods, lifestyles, living arrangements, and locales. Political structures will be in flux, as local leaders gain influence at the expense of national authorities. For many people, it will be nothing short of a modern Dark Ages, where each day brings fresh anxieties, unfamiliar risks, and a sense of foreboding. However, for those enlightened few who understand what is really going on and what happens next, the chaotic years ahead represent the opportunity of a lifetime - a time when they can realize goals they never thought possible and achieve a level of wealth, security, and inner peace that will leave them head-and-shoulders above everyone else. In this book, Panzner offers cutting-edge insights and strategies that will enable readers to stay well ahead of the game during the uniquely unsettling period ahead.

Billion Dollar Loser

Billion Dollar Loser PDF Author: Reeves Wiedeman
Publisher: Little, Brown
ISBN: 0316461342
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
A Wall Street Journal Business Bestseller: This "vivid" inside story of WeWork and its CEO tells the remarkable saga of one of the most audacious, and improbable, rises and falls in American business history (Ken Auletta). Christened a potential savior of Silicon Valley's startup culture, Adam Neumann was set to take WeWork, his office share company disrupting the commercial real estate market, public, cash out on the company's forty-seven billion dollar valuation, and break the string of major startups unable to deliver to shareholders. But as employees knew, and investors soon found out, WeWork's capital was built on promises that the company was more than a real estate purveyor, that in fact it was a transformational technology company. Veteran journalist Reeves Weideman dives deep into WeWork and it CEO's astronomical rise, from the marijuana and tequila-filled board rooms to cult-like company summer camps and consciousness-raising with Anthony Kiedis. Billion Dollar Loser is a character-driven business narrative that captures, through the fascinating psyche of a billionaire founder and his wife and co-founder, the slippery state of global capitalism. A Wall Street Journal Business Bestseller “Vivid, carefully reported drama that readers will gulp down as if it were a fast-paced novel” (Ken Auletta)

Don't Fall For It

Don't Fall For It PDF Author: Ben Carlson
Publisher: John Wiley & Sons
ISBN: 1119605164
Category : Business & Economics
Languages : en
Pages : 198

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Book Description
Learn financial and business lessons from some of the biggest frauds in history Why does financial fraud persist? History is full of sensational financial frauds and scams. Enron was forced to declare bankruptcy after allegations of massive accounting fraud, wiping out $78 billion in stock market value. Bernie Madoff, the largest individual fraudster in history, built a $65 billion Ponzi scheme that ultimately resulted in his being sentenced to 150 years in prison. People from all walks of life have been scammed out of their money: French and British nobility looking to get rich quickly, farmers looking for a miracle cure for their health ailments, several professional athletes, and some of Hollywood’s biggest stars. No one is immune from getting deceived when money is involved. Don’t Fall For It is a fascinating look into some of the biggest financial frauds and scams ever. This compelling book explores specific instances of financial fraud as well as some of the most successful charlatans and hucksters of all-time. Sharing lessons that apply to business, money management, and investing, author Ben Carlson answers questions such as: Why do even the most intelligent among us get taken advantage of in financial scams? What make fraudsters successful? Why is it often harder to stay rich than to get rich? Each chapter in examines different frauds, perpetrators, or victims of scams. These real-life stories include anecdotes about how these frauds were carried out and discussions of what can be learned from these events. This engaging book: Explores the business and financial lessons drawn from some of history’s biggest frauds Describes the conditions under which fraud tends to work best Explains how people can avoid being scammed out of their money Suggests practical steps to reduce financial fraud in the future Don’t Fall For It: A Short History of Financial Scams is filled with engrossing real-life stories and valuable insights, written for finance professionals, investors, and general interest readers alike.

Dying of Money

Dying of Money PDF Author: Jens O. Parsson
Publisher: Dog Ear Publishing
ISBN: 1457502666
Category : Inflation (Finance)
Languages : en
Pages : 378

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Book Description
The cover motif is a piece of old German money. It is a Reichsbanknote issued on August 22, 1923 for one hundred million marks. Nine years earlier, that many marks would have been about 5 percent of all the German marks in the world, worth 23 million American dollars. On the day it was issued, it was worth about twenty dollars. Three months later, it was worth only a few thousandths of an American cent. The process by which this occurs is known as inflation. A few years before, in 1920 and 1921, Germany had enjoyed a remarkable prosperity envied by the rest of the world. Prices were steady, business was humming, everyone was working, the stock market was skyrocketing. The Germans were swimming in easy money. Within the year, they were drowning in it. Until it was all over, no one seemed to notice any connection between the earlier false boom and the later inflationary bust. In this book, Jens O. Parsson performs the neat trick of transforming the dry economic subject of inflation into a white-knuckles kind of blood-chiller. He begins with a freewheeling account of the spectacular inflation that all but destroyed Germany in 1923, taking it apart to find out both what made it tick and what made it finally end. He goes on to look at the American inflation that was steadily gaining force after 1962. In terms clear and fascinating enough for any layman, but with technical validity enough for any economist, he applies the lessons gleaned from the German inflation to find that too much about the American inflation was the same, lacking only the inexorable further deterioration that time would bring. The book concludes by charting out all the possible future prognoses for the American inflation, none easy but some much less catastrophic than others. Mr. Parsson brings much new light to bear on this subject. He lays on the line in tough, spare language exactly how and why the American inflation was caused, exactly who was responsible for causing it, exactly who unjustly benefited and who suffered from the inflation, exactly why the government could not permit the inflation to stop or even to cease growing worse, exactly who was going to pay the ultimate price, and exactly what would have to be done to avert the ultimate conclusion. This book packs a wallop. It is not for the timid, and it spares no tender sensibilities. The conclusions it reaches are shocking and are bound to provoke endless dispute. If they proved to approximate even remotely the correct analysis of the American inflation, hardly any American citizen could escape being the prey of inflation and no one could afford not to know where the inflation was taking him. In the economic daily lives of everyone, nothing will be the same after this book as it was before.

Trump

Trump PDF Author: Wayne Barrett
Publisher: Simon and Schuster
ISBN: 1942872976
Category : Biography & Autobiography
Languages : en
Pages : 528

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Book Description
The essential book to understanding Donald Trump as a businessman and leader—and how the biggest deal of his life went down. Now, Barrett's classic book is back in print for the first time in years and with an introduction about Trump's 2016 presidential campaign. Donald Trump claims that his success as a “self-made” businessman and real estate developer proves that he will make an effective president, but this devastating investigative account by legendary reporter Wayne Barrett proves otherwise. Back in print for the first time in years, Barrett’s seminal book reveals how Trump put together the biggest deal of his life—Trump Tower—through manipulation and deceit; how he worked with questionable characters from the mafia and city politics; and how it all nearly came crashing down. Here is a vivid and inglorious portrait of the man who wants now to be the most powerful man in the world. In Trump: The Greatest Show in the World—The Deals, the Downfall, the Reinvention, Barrett unravels the myth and reveals the truth behind the mogul’s wheelings and dealings. After decades covering him, few reporters know Trump as Barrett does. Instead of the canny businessman that Trump claims in his own books, Barrett explores how Trump exploited his father’s banking and political connections to finance and grease his first major deals. Barrett’s investigative biography takes us from the days of Donald’s lonely youth to his brash entry into the real estate market, and to the back room deals behind his New York, Atlantic City and Florida projects. Most compellingly Barrett paints an intimate portrait of Trump himself, a man driven by bravado, obsessive self-regard, and an anxious ruthlessness to subdue his rivals and seduce anyone with the power to aid his empire. We see him head to head with an opponent as powerful as Pete Rozelle, ingratiating himself with the brooding governor on the Hudson, and fueling the Drexel engine driven by Michael Milken with hundreds of millions in fees—paid, ironically, by gaming companies to fend off Trump takeovers. We explore his complicated emotional and business relationship with his first wife, Ivana, and the use he planned to make of his mistress—and later, his second wife—Marla Maples as a “southern strategy” in his then contemplated presidential campaign. With interviews with scores of adversaries and former colleagues, we are given a privileged look at Trump the businessman in action—reckless as often as he is brilliant, reliant on threats as much as on charm, and ultimately a cautionary tale: is this the man we want to lead the world? PRAISE FOR TRUMP: “Trump is a withering portrait of the most self-mythologized and promoted businessman of our era, an exhaustively researched and long-overdue antidote to Trump’s own books. It is a penetrating portrait of the age that spawned him and the many who aided and abetted his rise. Trump seems destined to be the definitive account of how Trump got ahead and why he fell. It is a sad story, with important lessons for us all.” —James B. Stewart, Pulitzer Prize–winning author of Den of Thieves “Donald Trump surprises us again. Wayne Barrett’s Trump is a fresh, detailed, and vivid account of the tangled connections of money, politics, and power in our times.” —Nicholas Pileggi, author of Wiseguy

Aftershock

Aftershock PDF Author: David Wiedemer
Publisher: John Wiley & Sons
ISBN: 1118127528
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
A practical guide to preparing for the next phase of the financial meltdown From the authors who were the first to predict Phase I of our current economic downturn-in their landmark 2006 book, America's Bubble Economy-comes their insightful sequel discussing their predictions for the next phase of the Bubble Economy. It may seem like the worst has come and gone, but it hasn't. With their proven track record of accurate predictions-which most financial professionals and economists missed-the authors explain how and why the next phase of the financial meltdown is about to hit. Things are not going back to how they were before. Instead, we are moving through uncharted territory, with new challenges and opportunities that few people can anticipate. Written in a straightforward and accessible style, Aftershock shows readers how to seek safety and profits in these dynamic economic conditions. Discusses how to protect assets, businesses, and jobs before and during the second wave of financial meltdown Provides clear and accurate advice on how to profit from the collapsing bubbles Offer focused guidance regarding real estate, which will continue to be a pressing concern for many The authors' first book was chosen by Kiplinger's as one of the 30 Best Business Books of 2006, and its accuracy has been hailed by Paul Farrell of Dow Jones MarketWatch when he said "America's Bubble Economy's Predictions, though ignored, were accurate." Don't miss out on these time tested author's proven advice for how to mange your money during the coming financial meltdown.

Fatal Risk

Fatal Risk PDF Author: Roddy Boyd
Publisher: John Wiley & Sons
ISBN: 0470889802
Category : Business & Economics
Languages : en
Pages : 372

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Book Description
Long-listed for the FT & Goldman Sachs Business Book of the Year Award 2011 The true story of how risk destroys, as told through the ongoing saga of AIG From the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered. However, the story central to the crisis-that of AIG-has until now remained largely untold. Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide tells the inside story of what really went on inside AIG that caused it to choke on risk and nearly brining down the entire economic system. The book Reveals inside information available nowhere else, including the personal notes and records of key players such as the former Chairman of AIG, Hank Greenberg Takes readers behind the scenes at the U.S. Treasury and the Federal Reserve Bank of New York Details how an understanding of risk built AIG, but a disdain for government regulators led to a run-in with New York State Attorney General Eliot Spitzer Fatal Risk is the comprehensive and compelling true story of the company at the center of the financial storm and how it nearly caused the entire economic system to collapse.