Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)

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Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)
by Charles P. Kindleberger, Robert Aliber
from Wiley

Customer Reviews:

• Avg. Customer Rating: 3.5 / 5.0

• Manias, Panics, and Crashes
  I gave this book to my grandson who is majoring at UCSD in economics. He has not had any course yet covering the history of financial crashes, etc. and finds it fascinating to compare past times with the present economic slowdown. Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)

• Presents a correct analysis but should have devoted some more time to the warnings of Smith and Keynes-4 .5 stars
  Kindleberger does a great job of demonstrating what the root cause of economic downturns is.The process starts as bubbles of speculation on a sea of enterprise and entrepreneurship as pointed out by Keynes.However,as time passes the bankers decide to shift loans to speculators as well as starting to engage in speculation themselves.The situation changes as one observes a sea of speculation with few bubbles of enterprise floating on top.This sets the stage for the bubble to start growing with the finance... more info

• The Reality
  The REALITY is that the small super-over-incredible-tons rich globalist groups that control the world finances are behind this "financial crisis".
  They , in their plans to globalize the world need from one side to remove the middle class in order to build its socialist type (without saying that name) of world and at the same time they need to force a buy-out of banks and industries; that way the biggest ones eat the smallest ones and just a group of transnationals ( which they, of course, are the... more info

• Timely and yet enduring
  As I write this review, we are waiting to see if the Fed's somewhat drastic cut in the federal funds rate will stop the slide into recession. Bank of America is acquiring Countrywide mortgage lenders. UAE has bought an $7.5 billion worth of junk bonds from Citigroup in a manner similar to the late Dr. Kindleberger's lender of last resort. So we have an event going here as I write.
  As a Southern California homeowner, I am certainly not surprised at what is happening. Houses constructed and first sold... more info

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