The Meltdown Years

Examining the global cost of the worst economic crisis in nearly a century The year 2008 will always be remembered as one of the darkest, most tumultuous years the banking industry ever experienced. It was the year that the US financial system came to a total collapse, bringing down the world econom [...]
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Examining the global cost of the worst economic crisis in nearly a century The year 2008 will always be remembered as one of the darkest, most tumultuous years the banking industry ever experienced. It was the year that the US financial system came to a total collapse, bringing down the world economy with it. In "The Meltdown Years," "Financial Times" writer and renowned prognosticator Wolfgang Munchau gives an in-depth analysis of the true origins of the financial crisis of 2008, exploring its beginnings, its development, and the economy's future. Munchau looks into the new economic reality the crisis has created and predicts how monetary policy will unfold as a result. The author concludes that the economic crisis, however destructive, was also necessary, as it served as a much-needed passage to a new financial order.