Kevin Phillips wrote a special book named "Bad Money" which on the the current hot problems like perilous interaction of debt, financial recklessness, and the increasing cost of scarce oil.
Bad Money is perfectly timed for this, that foul stench of Molde ring for debt reduction and U.S. authorities in the concrete canyons and Manhattan ... Phillips has been entertaining writer.
"Bad money" is a new phenomenon of self-led mega-fund growth is the USA's economy, which is a global dependent and dominated by hubris-driven financial services. The "evil" is the risk of miscalculations and strategic misuse of the new multi-year U.S. dollars products, such as asset backed securities and a thirst for buccaneering vehicles such as hedge funds. Finally, the U.S. dollar has been bad money, because it is weakened and exposed to other world currencies. In all these ways, "bad" finance has failed with the American people and American capitalism, pointed out the direction that the global crisis. Bad Money is the perfect result, Phillips last book, which Dire warnings are now proving frighteningly accurate.
Kevin Phillips - Bad Money: Crisis of American Capitalism
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