The Daily Reckoning
Book Description
"Richard Duncan has written a fascinating study of history in the making. He is right to propose that we need joint efforts by different stakeholders to overcome a coming monetary crisis." - Frank J. Richter, Director, Asia, World Economic Forum
"Hard on the heels of the collapse of the "new economy" is that of the "new finance". Richard Duncan crisply explains why payback time for years of USs credit excesses, payments imbalances and securitized sub-par lending is imminent. Mr Greenspan, your time is up. The wisdom of Ludwig von Mises will prevail." - Philip Bowring, Columnist, International Herald Tribune
"Make no mistake - much of the discontent with the global financial system is rooted in the dollar standard. The risk of a dolar crisis is real and the author deserves much praise for clearly exposing a force that many seek to deny. A must read for anyone with a savings deposit." - Jesper Koll, Chief Economist, Merrill Lynch Japan
"This is a welcome attempt at exploring the symptoms of what may become a major financial storm. Is the world wise to expect the problem to find its own solution? Richard Duncans suggestions for a cure imply a degree of worldwide slump that may prove difficult to foster, but his arguments are worth listening to." - Philippe Delhaise, President, Capital Information Services Ltd
