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The Big Short: Inside the Doomsday Machine

Name: The Big Short: Inside the Doomsday Machine
Price: 15.11 USD
Availability: InStock
Rating: 4.6 (16070 reviews)

4.60 of 5 Stars: Biography & History - The Big Short: Inside the Doomsday Machine

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Book Synopsis: The #1 New York Times bestseller: a brilliant account—character-rich and darkly humorous—of how the U.S. economy was driven over the cliff. When the crash of the U. S. stock market became public knowledge in the fall of 2008, it was already old news. The real crash, the silent crash, had taken place over the previous year, in bizarre feeder markets where the sun doesn’t shine, and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can’t pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking. The crucial question is this: Who understood the risk inherent in the assumption of ever-rising real estate prices, a risk compounded daily by the creation of those arcane, artificial securities loosely based on piles of doubtful mortgages? Michael Lewis turns the inquiry on its head to create a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 best-selling Liar’s Poker. Who got it right? He asks. Who saw the real estate market for the black hole it would become, and eventually made billions of dollars from that perception? And what qualities of character made those few persist when their peers and colleagues dismissed them as Chicken Littles? Out of this handful of unlikely—really unlikely—heroes, Lewis fashions a story as compelling and unusual as any of his earlier bestsellers, proving yet again that he is the finest and funniest chronicler of our times.

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Are you ready to uncover the untold story behind the devastating crash of the U.S. stock market? Look no further than "The Big Short: Inside the Doomsday Machine". This #1 New York Times bestseller is a must-read for anyone who wants to understand how the economy was driven over the cliff. With its character-rich and darkly humorous account, this book is sure to captivate and educate you.

But what sets "The Big Short" apart from other books on the same subject is its exploration of the silent crash that occurred in the bond and real estate derivative markets. These obscure and unregulated markets allowed smart individuals to profit from the suffering of lower- and middle-class Americans who couldn't pay their debts. Michael Lewis takes you deep into these hidden corners of finance, shining a light on the creation of impenetrable securities based on doubtful mortgages.

What makes "The Big Short" even more compelling is its focus on those who saw the real estate market for the black hole it would become. These brave individuals not only predicted the crash, but also made billions of dollars from their insight. Lewis delves into their fascinating stories, highlighting the qualities of character that allowed them to persist in the face of doubt and skepticism from their peers.

If you're looking for a captivating narrative filled with indignation, dark humor, and unlikely heroes, "The Big Short" is the book for you. Michael Lewis, a skilled and witty writer, once again proves his ability to chronicle our times in a way that is both entertaining and informative. Don't miss out on this extraordinary account - get your copy of "The Big Short: Inside the Doomsday Machine" today!

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