Description
One man saw it coming. As far back as 2005, Professor Nouriel Roubini aka ‘Dr Doom’ warned that the US housing bubble was set to crash, and what would begin as a national disease would soon spread overseas resulting in a deep recession. Free market fundamentalism would fail and we’d be faced with the worst economic crisis in history, crippling our global economy and bringing the world’s financial systems to a shuddering halt. Sound familiar? By guiding us through a crash course in ‘crisis economics’ black swans and white swans, pressure points in the global economy, crises that extend beyond national borders and bubbles in the financial sector that spill over into the real economy Roubini shows us that boom to bust economics does not have to be destiny. Roubini offers a course for the future: radical reform of the international financial order and a clear view of regulation, supervision and greater coordination between central banks in Europe, Asia and the United States.
