256 of 292 people found the following review helpful
En Vino Veritas?,
This review is from: Empire of Debt: The Rise of an Epic Financial Crisis (Agora Series) (Hardcover)
I read this tag team of financial prognisticators' first book, Financial Reckoning Day, and LOVED it. Well, loved it in the way you can love a book that tells you history is all for naught and the financial world as we know it is coming to an end (at least they smiled when they said that, in a bemused kind of way).
But it's my understanding these guys wrote that book and some of this one while over in France (they're also the team behind the Daily Reckoning ezine, which I also read). There must be something in the wine over there that makes you see a little more deeply into things than most are prone to here in the States. Or maybe it's the distance from their homeland (they're both American) that gives them perspective.
Because I found Empire of Debt, which I just got and finished, nearly as eye-opening as the discussion they'd already started in the last book. In short, easy credit and wild spending will get us in the end. Already, it's nipping at our heels. Even while most of us, right on up to the powers that be -- who should be exercising a little more caution, but instead happen to be the worse over-spenders of them all -- refuse to pay attention to the message.
But it's there in the history books. And it's in this one, which you could call a kind of history lesson as much as you could call it a forecast for things to come. Great material and well done. Definitely worth a read for anyone (smart) who cares about the future of the world economy.