Can It Happen Again?

Can It Happen Again?
Author: Hyman Minsky
Publisher: Routledge
Total Pages: 329
Release: 2016-04-14
Genre: Business & Economics
ISBN: 1317232496

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.

Hidden in Plain Sight

Hidden in Plain Sight
Author: Peter J. Wallison
Publisher: Encounter Books
Total Pages: 331
Release: 2016-03-29
Genre: Business & Economics
ISBN: 159403866X

The 2008 financial crisis—like the Great Depression—was a world-historical event. What caused it will be debated for years, if not generations. The conventional narrative is that the financial crisis was caused by Wall Street greed and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive financial-system regulation since the New Deal. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will cause another crisis. A competing narrative about what caused the financial crisis has received little attention. This view, which is accepted by almost all Republicans in Congress and most conservatives, contends that the crisis was caused by government housing policies. This book extensively documents this view. For example, it shows that in June 2008, before the crisis, 58 percent of all US mortgages were subprime or other low-quality mortgages. Of these, 76 percent were on the books of government agencies such as Fannie Mae and Freddie Mac. When these mortgages defaulted in 2007 and 2008, they drove down housing prices and weakened banks and other mortgage holders, causing the crisis. After this book is published, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend Dodd-Frank, without coming to terms with the data this book contains.

Hacked Again

Hacked Again
Author: Scott N. Schober
Publisher: Hillcrest Publishing Group
Total Pages: 203
Release: 2016-03-15
Genre: Computers
ISBN: 0996902201

Hacked Again details the ins and outs of cybersecurity expert and CEO of a top wireless security tech firm Scott Schober, as he struggles to understand: the motives and mayhem behind his being hacked. As a small business owner, family man and tech pundit, Scott finds himself leading a compromised life. By day, he runs a successful security company and reports on the latest cyber breaches in the hopes of offering solace and security tips to millions of viewers. But by night, Scott begins to realize his worst fears are only a hack away as he falls prey to an invisible enemy. When a mysterious hacker begins to steal thousands from his bank account, go through his trash and rake over his social media identity; Scott stands to lose everything he worked so hard for. But his precarious situation only fortifies Scott's position as a cybersecurity expert and also as a harbinger for the fragile security we all cherish in this digital life. Amidst the backdrop of major breaches such as Target and Sony, Scott shares tips and best practices for all consumers concerning email scams, password protection and social media overload: Most importantly, Scott shares his own story of being hacked repeatedly and bow he has come to realize that the only thing as important as his own cybersecurity is that of his readers and viewers. Part cautionary tale and part cyber self-help guide, Hacked Again probes deep into the dark web for truths and surfaces to offer best practices and share stories from an expert who has lived as both an enforcer and a victim in the world of cybersecurity. Book jacket.

Can It Happen Again?

Can It Happen Again?
Author: Hyman Minsky
Publisher: Routledge
Total Pages: 344
Release: 2016-04-14
Genre: Business & Economics
ISBN: 131723250X

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.

Terror in the Skies

Terror in the Skies
Author: Annie Jacobsen
Publisher:
Total Pages: 214
Release: 2005
Genre: History
ISBN:

Flying on Northwest Airlines in mid-2004, journalist and writer Jacobsen (WomensWallStreet.com) decided that a group of Middle Eastern men were acting suspiciously, apparently because the men were talking to each other, were using the bathroom too much, and because of the "cold, defiant look" she reports she got from one with whom she had earlier "exchanged friendly words." When she and her husband shared her concerns with a flight attendant, she writes, she was told that Federal Air Marshals were on the plane and that they were on top of the situation. Although she was later told by investigators that the men were in fact 14 Syrian musicians backing up a well-known Middle Eastern singer (the "Syrian Wayne Newton"), Jacobsen remained convinced that the men were part of a terrorist plot conducting "probes" of American aviation. She wrote up her suspicions for an article that caused a brief Internet sensation: it was publicized by such right-wing writers and proponents of racial profiling as Michelle Malkin and generally greeted with rolling eyes and chortles by those more on the center and left. She has since parlayed the original article into a continuing series on WomensWallStreet.com, much of which has now been distilled into this book, which contains the original article, descriptions of her testimony before Congress, an account of her (not particularly thorough) "investigation" into the Syrian musicians, and a condemnation of government failure to address the issue. Annotation :2006 Book News, Inc., Portland, OR (booknews.com).

House of Debt

House of Debt
Author: Atif Mian
Publisher: University of Chicago Press
Total Pages: 238
Release: 2015-05-20
Genre: Business & Economics
ISBN: 022627750X

“A concise and powerful account of how the great recession happened and what should be done to avoid another one . . . well-argued and consistently informative.” —Wall Street Journal The Great American Recession of 2007-2009 resulted in the loss of eight million jobs and the loss of four million homes to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as less dramatic periods of economic malaise, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi. We can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing today’s economy: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?

It Can't Happen Here

It Can't Happen Here
Author: Sinclair Lewis
Publisher: Penguin
Total Pages: 416
Release: 2014-01-07
Genre: Fiction
ISBN: 0698152700

“The novel that foreshadowed Donald Trump’s authoritarian appeal.”—Salon It Can’t Happen Here is the only one of Sinclair Lewis’s later novels to match the power of Main Street, Babbitt, and Arrowsmith. A cautionary tale about the fragility of democracy, it is an alarming, eerily timeless look at how fascism could take hold in America. Written during the Great Depression, when the country was largely oblivious to Hitler’s aggression, it juxtaposes sharp political satire with the chillingly realistic rise of a president who becomes a dictator to save the nation from welfare cheats, sex, crime, and a liberal press. Called “a message to thinking Americans” by the Springfield Republican when it was published in 1935, It Can’t Happen Here is a shockingly prescient novel that remains as fresh and contemporary as today’s news. Includes an Introduction by Michael Meyer and an Afterword by Gary Scharnhorst

Can love Happen Twice

Can love Happen Twice
Author: Ravinder Singh
Publisher: Penguin UK
Total Pages: 173
Release: 2011-01-01
Genre: Fiction
ISBN: 818475485X

When Ravin first said ‘I love you . . .’ he meant it forever. The world has known this through Ravin’s bestselling novel; I Too Had a Love Story. But did Ravin’s story really end on the last page of that book? On Valentine’s Day; a radio station in Chandigarh hosts a very special romantic chat show. Ravin and his three best friends are invited as guests to talk about Ravin’s love story. But surprisingly everyone apart from Ravin turns up. As the show goes live; there is only one question in every listener’s mind: what has happened to Ravin? To answer this question the three friends begin reading from a handwritten copy of Ravin’s incomplete second book—the entire city listens breathlessly; unable to believe the revelations that follow.

This Time Is Different

This Time Is Different
Author: Carmen M. Reinhart
Publisher: Princeton University Press
Total Pages: 513
Release: 2011-08-07
Genre: Business & Economics
ISBN: 0691152640

An empirical investigation of financial crises during the last 800 years.

Sorry I Acted Crazy It Will Happen Again

Sorry I Acted Crazy It Will Happen Again
Author: Karen Prints
Publisher: Independently Published
Total Pages: 122
Release: 2018-12-06
Genre:
ISBN: 9781790839216

This funny blank lined note book will make a great gift for the crazy aunt, uncle or co worker who acts crazy once in while 120 Pages High Quality Paper 6