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Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation Audiobook
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(3.03) - 59 listener ratings
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Publisher Description
The financial crisis that has gripped this country since last September has had so many twists and turns, it would make for a great drama -- if it all were not so real and damaging. Companies are shutting down and laying off workers, 401ks are melting away, and the government is spending $700 billion dollars to bail out banks and financial institutions -- and that's only the beginning. The financial services industry, and the many industries that depend on it -- from housing to cars -- is in intensive care.
So what happened? How did we get to this point of financial disaster? Is the economy just a huge, Madoff-esque Ponzi scheme? It is a complicated and confusing story -- but Daniel Gross of Newsweek has a special gift for making complicated matters easy to understand and even entertaining. In Dumb Money, he offers a guide to the debacle and to what the future may hold. This is not so much a book about who did what, though that's part of the story. Rather, it pieces together the building blocks of the debt-fueled economy, and distills the theory and personalities behind our late, lamented easy money culture. Dumb Money is a book that finally lays it all out in an engaging way, and might just help people invest their money smartly until the gloom passes.
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"Interesting and informative but a better book on the same subject with mug more information an history is -"the quants" however both books have slight bias running inopposite direction so read both lol "
— Johann (4 out of 5 stars)
Quotes
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“Mr. Gross gives the lay reader a succinct, breezy, and sometimes snarky account of how ‘the Ownership Society’ so quickly devolved ‘into Bailout Nation,’”
— New York Times
Dumb Money Listener Reviews
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" Interesting and informative but a better book on the same subject with mug more information an history is -"the quants" however both books have slight bias running inopposite direction so read both lol "
— Johann, 3/5/2012 -
" Every stock "trader" should read this book. Though I've never been a day trader, I personally think day trading is a fool's game. This is a book about a fool's lifestyle. "
— Chad, 3/4/2011 -
" A look at the housing bubble and the recession that followed. It broke down how the cheap money led to some dumb money and then dumber money. Very interesting ideas. "
— Laura, 2/21/2011
About Daniel Gross
Daniel Gross is the economics editor and a columnist at Yahoo! Finance. He was a senior editor at Newsweek, where he wrote the Contrary Indicator column, also writing a twice-weekly Moneybox column for Slate and the Economic View column in the New York Times. He has appeared on MSNBC, CNBC, CNN, Fox News Channel, News Hour with Jim Lehrer, C-SPAN, and on more than thirty-five radio programs, including NPR’s Fresh Air. He lives in Connecticut.