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Whoops!: Why everyone owes everyone and no one can pay
 
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Whoops!: Why everyone owes everyone and no one can pay [Format Kindle]

John Lanchester
5.0 étoiles sur 5  Voir tous les commentaires (1 commentaire client)

Prix conseillé : EUR 10,60 De quoi s'agit-il ?
Prix éditeur - format imprimé : EUR 13,43
Prix Kindle : EUR 7,42 TTC & envoi gratuit via réseau sans fil par Amazon Whispernet
Économisez : EUR 6,01 (45%)

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Broché EUR 12,54  
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Descriptions du produit

Description

This is what George Bernard Shaw might have called An Intelligent Person's Guide to the Crisis of Modern Capitalism, and everyone ought to read it (Robert Harris, Sunday Times )

Original . . . beautifully written . . . both entertaining and profoundly anger-inducing (Chris Blackhurst, Evening Standard )

The route map to the crazed world of contemporary finance we have all been waiting for. John Lanchester's superb book is everything its subject - the 2008 crash - was not: namely lucid, beautifully contrived, comprehensible to the reader with no specialist knowledge - and most of all devastatingly funny (Will Self )

Wickedly funny . . . Good humor and good company will be the things that'll get us through (Dwight Garner, New York Times )

Endlessly witty, but the wit is underpinned by a tremendous, unembarrassed anger and moral lucidity. A superb guide which will turn any reader into an expert within the space of 200 pages. (Jonathan Coe )

Explains the madness of modern capitalism with razor-sharp insight, brilliant clarity and a refreshing dose of humour. A great book. (John O'Farrell )

Scarier than Thomas Harris (Nicci French )

John Lanchester's newfound mission: to explain the world of finance to the general public . . . The result is the perfect read for anyone still wondering what went wrong and why. Unless you'd rather they didn't know (Bloomberg )

Literary and profound . . . a master explainer with an excellent grasp of sophisticated finance (Christopher Caldwell, The Daily Beast )

Acidic, frightening, and sharply funny . . . a better book about the global meltdown than any other to date (EW.com )

[A] sober message lurking among Lanchester's delightful wordplay, and it deserves attention by everyone who cares to understand where we are, how we got here and who is responsible (John Lawrence Reynolds, Globe and Mail )

This is a piece of genius . . . It tells a proper story, like a novel, and we're all part of it - which means it is *gripping*. Yes! Gripping! A book about money! I know! But it's true. It is necessary, particularly - but not exclusively - if you're somebody who thinks, 'Fannie Mae, Freddie Mac, Iceland, um, mortgages, er...' and doesn't want to keep thinking it until the end of time, amoeba-stylee. I humbly posit that it is a masterpiece (India Knight )

Lanchester has turned that fascination - coupled with a kind of astonished anger - into a lucid, conversational account of the crisis designed for non-financial types and helpfully leavened with jokes, swearing and interesting asides (Quentin Webb, Reuters )

An excellent book for anyone wondering what the hell is going on. Triple A, as the credit rating agencies might say (Irish Times )

Or you could simply borrow the book from someone. If they've read it, even better - they won't be expecting you to return it (The Telegraph )

For anyone still wondering what the hell those bankers did with our money, try John Lanchester's deliciously escoriating Whoops! Even someone who can't remember their eight times tables comes away feeling wonderfully well informed (Allison Pearson summer reading recommendation, Psychologies )

This account is by far the most lucid and entertaining explanation of the world banking crisis of 2008 (Megan Walsh summer reading recommendation, Times )

A lively lay reader's guide to the financial crisis, written by a novelist who sought to educates himself about banking and its failures. Funny and pointed, it exposes the gulf between the two cultures of modern Britain: financial and non-financial (Ed Crooks summer reading recommendation, Financial Times )

If you want to look like a rock of good sense, a person who is deep and wise and worried, then I suggest Whoops! by John Lanchester ... If only the Queen Mother were still alive, it would make sense even to her (Colm Toibin summer reading recommendation, Guardian )

Présentation de l'éditeur

There's probably a word in German for that feeling you get when you can understand something while it's being explained to you, but lose hold of the explanation as soon as it stops. A lot of writing about the credit crunch has that effect: you can grasp it while it's going on, and then as soon as it's over, you can no longer remember the difference between a CDO, a CDS, an MBS, and a toasted cheese sandwich. Whoops! makes it possible for all of us to grasp how we found ourselves in this predicament.

What went wrong? In 2000, the total GDP of Earth was $36 trillion. At the start of 2007 it was $70 trillion. Today that growth has gone suddenly and sharply into decline, with an effect roughly resembling that of putting a car into reverse while doing seventy down a motorway.

John Lanchester travels with a cast of characters - including reckless banksters, snoozing regulators, complacent politicians, predatory lenders, credit-drunk spendthrifts, and innocent bystanders to understand deeply and genuinely what is happening and why we feel the way we do.


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John Lanchester
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5.0 étoiles sur 5 Financial sleeze, 3 juillet 2011
Ce commentaire fait référence à cette édition : Whoops!: Why everyone owes everyone and no one can pay (Broché)
This book gives a very readable account of the financial corruption and greed that almost brought the world economy to a standstill in 2008 (and we're still not out of the mess yet). John Lanchester is a clear and entertaining writer for the London Review of Books. They commissioned him to look at what the banks were up to before and during the Crisis, and expanding from these essays he wrote this sweeping account to explain in straightforward terms what went wrong, and how greedy bankers and financiers created huge wealth for themselves by screwing the rest of us. Highly recommended! However, the question remains: when will we finally catch these villains or even learn to stop them doing it all over again - don't forget, we still have to pay to clean up their mess!
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Passages les plus surlignés

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&quote;
The credit crunch was based on a climate (the post-Cold War victory party of free-market capitalism), a problem (the sub-prime mortgages), a mistake (the mathematical models of risk) and a failure, that of the regulators. &quote;
Marqué par 65 utilisateurs Kindle
&quote;
Youre worse off relying on misleading information than on not having any information at all. If you give a pilot an altimeter that is sometimes defective he will crash the plane. Give him nothing and he will look out the window. Technology is only safe if it is flawless. &quote;
Marqué par 43 utilisateurs Kindle
&quote;
Futures are the same as options, except that they bring with them the obligation to buy or sell at the specified price: with futures, you are committed to the deal. It follows that futures are much riskier than options. &quote;
Marqué par 39 utilisateurs Kindle

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