Money Mania

Money Mania

Booms, Panics, and Busts From Ancient Rome to the Great Meltdown

Book - 2014 | First U.S. edition --.
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Money Mania is a sweeping account of financial speculation and its consequences, from ancient Rome to the Meltdown of 2008. Acclaimed journalist and investor Bob Swarup tracks the history of speculative fevers caused by the appearance of new profitable investment opportunities; the new assets created and the increasing self-congratulatory euphoria that drives them to unsustainable highs, all fed by an illusion of insight and newly minted experts; the unexpected catalysts that eventually leadto panic; the inevitable crash as investors scramble to withdraw their funds from the original market and any other that might resemble it; and finally, the brevity of financial memory that allows us to repeat the cycle without ever critically evaluating the drivers of this endless cycle.
In short, it is the story of what makes us human.

Publisher: New York : Bloomsbury Press, 2014.
Edition: First U.S. edition --.
ISBN: 9781608198412
1608198413
Branch Call Number: 332.64509 SWA
Characteristics: 310 pages :,color illustrations

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pm221
Mar 25, 2018

An entertaining survey of some famous and some lesser known financial disasters, starting with Imperial Rome and ending with the post WW1 financial crises. The final chapters attempting to summarise the lessons learned are a bit of a let down.

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