{"product_id":"a-brief-history-of-doom-two-hundred-years-of-financial-crises-hardcover","title":"A Brief History of Doom: Two Hundred Years of Financial Crises - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eRichard Vague\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eFinancial crises happen time and again in post-industrial economies--and they are extraordinarily damaging. Building on insights gleaned from many years of work in the banking industry and drawing on a vast trove of data, Richard Vague argues that such crises follow a pattern that makes them both predictable and avoidable.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eA Brief History of Doom\u003c\/i\u003e examines a series of major crises over the past 200 years in the United States, Great Britain, Germany, France, Japan, and China--including the Great Depression and the economic meltdown of 2008. Vague demonstrates that the over-accumulation of private debt does a better job than any other variable of explaining and predicting financial crises. In a series of clear and gripping chapters, he shows that in each case the rapid growth of loans produced widespread overcapacity, which then led to the spread of bad loans and bank failures. This cycle, according to Vague, is the essence of financial crises and the script they invariably follow.\u003c\/p\u003e\u003cp\u003eThe story of financial crisis is fundamentally the story of private debt and runaway lending. Convinced that we have it within our power to break the cycle, Vague provides the tools to enable politicians, bankers, and private citizens to recognize and respond to the danger signs before it begins again.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003ePhilanthropist and former banker Richard Vague is a managing partner of Gabriel Investments, Chairman of The Governor's Woods Foundation, and author of The Next Economic Disaster: Why It's Coming and How to Avoid It, also available from the University of Pennsylvania Press.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 240\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1 x 9.1 x 6.3 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 24, 2019\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":52320077086994,"sku":"9780812251777","price":34.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/2211\/5346\/files\/RCtVUmJ2elIva29HcERFWXN3TzJ2Zz09.webp?v=1780253523","url":"https:\/\/ckbookstore.net\/products\/a-brief-history-of-doom-two-hundred-years-of-financial-crises-hardcover","provider":"CK BOOKSTORE","version":"1.0","type":"link"}