Financial Times
4 total works
The human race created money and finance. But our inventions re-create us. Mankind mistook money a lubricant of society and human well-being for an end in itself. Finance, the monetary shadow of real things, came to dominate human reality. Extreme Money tells the story of how this happened and, in so doing, it tells the story of the modern world.
Bestselling author Satyajit Das draws on 33 years of personal experience at the heart of modern global finance to narrate this story. Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, Ponzi prosperity, sophistication, and wealth while endangering the jobs, possessions, and futures of virtually everyone outside the financial industry. Das shows how "extreme money" has become ever more unreal; how "voodoo banking" continues to generate massive phony profits even now; and how a new generation of "Masters of the Universe" has come to dominate the world.
Extreme Money is about:
The new financial fundamentalism: false gods, false prophets - Faith in money, faith in risk, faith in shadows
The cult of risk and the growth engine that isn't - How financial engineering replaced real engineering and illusions replaced reality
Financial alchemy and the "Doomsday Debt Machine"- The rise of the global financial machine we cannot escape
The new global oligarchy and the nihilistic games they play - Too smart, too fast, too greedy, too self-absorbed and far too dangerous
productive growth has coalesced not by accident or economic cycle but by wilful choice. Das
warns that without significant change, the only possible future holds dire consequences for all
but an elite few. His tone is as urgent as the problem. All central bankers, politicians, and
citizens should heed his words."
Nomi Prins, author of Other People's Money and All the Presidents' Bankers
"Written with passion and insight, and laden with facts, the book provides a clear explanation
of the economic, social, and political issues that lie ahead, and the difficulty in solving
them."
Jon Markman, Forbes columnist and president and publisher of Markman Capital Insight
A Banquet of Consequences is an intricately researched, decisively written and devastating
analysis of today's economy. Satyajit Das connects disparate strands of a story, and in doing
so delivers a damning critique of global economic policies of the last 50 years. He argues that
governments and citizens of every political hue are now so addicted to growth and resistant to
change, that a prolonged period of chronic stagnation, sustained by large infusions of
monetary morphine and continuous interventions, or an unavoidable financial, political and
social breakdown are the only possible outcomes.
You can find the answers in Traders, Guns & Money, a sensational and controversial first-person account of the business of derivatives trading and the financial products industry in the spirit of Liar's Poker. It is a true insider's view of the business of trading and marketing derivatives for a living. It details the nature of the business, the players, how money is made and lost, and the deceptions that underlie the entire process. Funny and poignant, and written in a wry and wickedly comic style, the book provides the ordinary reader with an insight into the seeming madness that underlies financial markets and the out-of-control process that is trading in complex financial products that few understand. Traders, Guns & Money throws light on the culture, games, and pure deceptions played out every day in trading rooms around the world, and played out with other people's money. It describes the processes by which a small group of gifted, if avaricious, individuals parlay their knowledge of the arcane world of financial products into wealth, leaving shareholders, clients, regulators, and the tax paying ordinary public to bear most of the risk.
This is the story of how one set of clients discovered the perils of unknowns in a derivatives deal. This tale will leave you amazed, and this book will make it all clear.In the sometimes dazzling world of derivatives, Traders Guns & Money shows you how we got here and tells it how it is. Go on, follow the money. An accessible companion and a wise counsel, Traders, Guns & Money weaves together three core themes: Known unkowns: if you're entering the dazzling world of derivatives, ask yourself this: What do I know? What do I need to know? What don't I know? What am I doing? This book will make it all clear. Follow the money: an insider's, expert witness account of the rise and rules of the world of derivatives. This book will show you how we got here and tell it how it is Send traders guns & money: the story of how one set of clients discovered the perils of unknowns in a derivatives deal . This tale will leave you amazed, but wiser. "Ever since Warren Buffett memorably described derivatives as "financial weapons of mass destruction" there has been a thriller waiting to be written about them. Derivatives have frightened otherwise right-thinking people for some time.
In part this reflects a natural tendency to fear what we do not understand." Financial Times