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  Panic: The Story of Modern Financial Insanity (Hardback) By (author) Michael Lewis

  

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  Short Description for PanicThe author of "Liar's Poker" and "Moneyball" guides readers through five of the most violent and costly upheavals in recent financial history. Lewis describes the market factors leading up to each event, shows what people thought was happening, and analyzes what actually happened.
  Full description

  • Publisher: WW Norton & Co
  • Published: 26 January 2009
  • Format: Hardback 352 pages
  • See: Full bibliographic data
  • Categories: Economics | Economic History
  • ISBN 13: 9780393065145 ISBN 10: 0393065146
  • Sales rank: 413,525

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Full description for Panic

• When it comes to markets, the first deadly sin is greed. Michael Lewis is our jungle guide through five of the most violent and costly upheavals in recent financial history: the crash of '87, the Russian default (and the subsequent collapse of Long-Term Capital Management), the Asian currency crisis of 1999, the Internet bubble, and the current sub-prime mortgage disaster. With his trademark humor and brilliant anecdotes, Lewis paints the mood and market factors leading up to each event, weaves contemporary accounts to show what people thought was happening at the time, and then, with the luxury of hindsight, analyzes what actually happened and what we should have learned from experience.As he proved in Liar's Poker, The New New Thing, and Moneyball, Lewis is without peer in his understanding of market forces and human foibles. He is also, arguably, the funniest serious writer in America.