Panic!: The Story of Modern Financial Insanity

Panic!: The Story of Modern Financial Insanity

by Michael Lewis (Author)

Synopsis

From Black Monday to the Asian financial crisis, from the internet bubble to mortgage meltdown, our lives are ruled by crazy cycles of euphoria and hysteria that manage to grip the world but are all-too-soon forgotten. In this unique collection of articles Michael Lewis - ex-trader and best-selling chronicler of greed and frenzy in the markets - casts a sceptical eye back over the most panicked - about panics of recent decades. He tells a story of boom and bust, deranged greed, outsized egos and over-inflated salaries, where the only thing that can ever be predicted is our constant inability to predict anything. Using contemporary accounts from commentators such as Joseph Stiglitz, Jeffrey Sachs and Paul Krugman, plus many of his own best writings, Lewis conveys the mood before each catastrophe, what it was like in the heat of the moment, how, afterwards, we tried to explain away the chaos - and then failed to learn from it before the whole process started all over again.

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More Information

Format: Paperback
Pages: 400
Edition: First Edition
Publisher: Penguin
Published: 04 Dec 2008

ISBN 10: 0141042311
ISBN 13: 9780141042312

Author Bio
Michael Lewis was born in New Orleans and educated at Princeton University and the London School of Economics. He has written several books including the New York Times bestsellers Liar's Poker, widely considered the book that defined Wall Street during the 1980s, The Big Short, 'probably the single best piece of financial journalism ever written' (Reuters), the breakneck tour of Europe's post-crunch economy, Boomerang, and the bestselling expose of high-speed financial scams, Flash Boys. He writes for Vanity Fair magazine.