After years of TV and radio coverage, gallons of newsprint ink, and billions of scholarly opinions on the blogosphere, do we really understand the financial engineering that brought the global economy to the brink?
The terms and acronyms that make up the language of economics are enough to cause the layman's head to start spinning: leverage, securitization, futures, options, MBS, CDS, CDO. Luckily, we have veteran journalist Paddy Hirsch—senior producer at APM's Marketplace and acknowledged Whiteboard Guru—to help us crack the code. In Man vs. Markets, he proves that it's not impossible to understand what's going on in the glass-and-steel canyons of Wall Street; that most international financial transactions aren't all that different from those taking place every day in stores, in car dealerships, even on the playgrounds of Main Street.
Bonds? They're basically loans. Futures? You probably used one when you ordered your Thanksgiving turkey last year. Options? Ever bought a fully transferable, returnable airline ticket? That's pretty much the same thing.
With a winning combination of acquired wisdom, common sense, market savvy, and an outrageous sense of humor, Hirsch clearly explains and defines the instruments that power our financial system and very nearly caused its demise. Clever, insightful, hugely educational, and always entertaining, Man vs. Markets translates the often confusing language of finance, enabling every one of us to truly comprehend what makes the markets tick.
Excellent at explaining the repo market and QE. Also the intermediary dealers who make the whole thing work. A good foundation for further explanation.Published 27 days ago by Good,bad,ugly
It is a great book. I think it should be required reading for anyone that is involved with money (everyone). It should be mandatory for business students.Published 2 months ago by Loralee Silverthorne
book is very clear and explains simple and complex terms in easy to understand way, through daily examples. definitely recommend to everyone.Published 6 months ago by Lisa Brick
Written with a deft, clear hand. Unpretentious and fun. This one's a winner and would be great for young people.Published 7 months ago by M. Lo
Great book. Currently using the book to Financial Literacy to high school students. The audio version was also pretty good. Read morePublished 8 months ago by Thomas Weeks
As a faithful listener of marketplace/ marketplace money as well as NPR's planet money (with degrees in accounting and finance), I sort of understood the majority of the topic in... Read morePublished 13 months ago by Mildred A Natanael
I read only a little of this book....it is very much more basic than I anticipated. I think it was billed as more informativePublished 14 months ago by Jean Weber
Paddy does a great job of explaining the markets and how everything is connected. It was awesome and easy to read.Published 15 months ago by SteveF
The examples are so simple and helpful to understand what seems to be very complex stuff. If it wasn't for this book I would have probably been lost in my macroeconomics class. Read morePublished 16 months ago by Vero