Extreme money : the masters of the universe and the cult of risk / / Satyajit Das

• Autore: Das Satyajit
• Pubblicazione: Harlow, England ; ; New York, New York : , : Pearson Financial Times/Prentice Hall, , [2011]; ©2011
• Edizione: 1st edition
• Descrizione fisica: 1 online resource (xxi, 514 p.) : ill
• Disciplina: 332.6
• Soggetto topico: Finance; Money
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Cover -- Praise for Extreme Money -- Extreme Money -- Contents -- Figures and tables -- Prologue: Hubris -- Sub-prime dialects -- Best in show -- The Physical Impossibility of Death in theMind of Someone Living -- Retreat -- Swiss inquisitions -- Idea of an investment -- Ambush -- Mega presentations -- Fording streams -- Liquidity and leverage -- Democracy of greed -- Pick and pay -- Black Sea real estate -- Life on the margin -- Racing days -- Dr Doom -- Extreme money -- Part 1: Faith -- Mirror of the times -- Some kinda money -- Trading places -- The invention of money -- Barbarous relic -- The real thing -- The Hotel New Hampshire -- Collapse -- Money machines -- Debt clock -- Money is nothing -- The mirrored room -- Money changes everything -- Mrs Watanabe goes to Wall Street -- FX Beauties Club -- Plutonomy -- Trickling down, trading up -- I shop, therefore I must be! -- Spend it like Beckham! -- Golden years -- Tax avoidance -- Japanese curse -- The god of our time -- Business of business -- Limited consciences -- A brilliant daring speculation -- Dirty tricks -- Marriages and separations -- The house that Jack built -- Capital ideas -- WWJD - watch what Jack did! -- Business dealings -- Money for sale -- It's a wonderful bank! -- Pass the parcel -- Loan frenzy -- Plastic fantastic money -- Casino banking -- Confidence tricks -- The Citi of money -- Sign of the times -- Yellow brick road -- Monumental money -- The battle of the 'pond' -- Cool Britannia -- Barbarian invasions -- Unlikely centres -- El-Dollardo economics -- The unbalanced bicycle -- Foreign treasure -- Fool's gold -- Liquidity vortex -- Money honey -- Printing it -- Column inches -- Video money -- Studs, starlets -- Financial porn -- Speedy money -- Literary money -- Money for all -- Part 2: Fundamentalism -- Los Cee-Ca-Go boys -- Dismal science -- Chicago Interpretation. ; Economic politics -- Academic warfare -- The Gipper and the Iron Lady -- Political economy -- New old deal -- The monetary lens -- Unstable stability? -- False gods, fake prophecies -- Mystery of price -- Demon of chance -- Corporate M&Ms -- Risk taming -- Slow and quick money -- Corporate practice -- Everything is just noise -- Perfect worlds -- Financial fundamentalism -- Fata morgana -- Part 3: Alchemy -- Learning to love debt -- Fixed floor coverings -- By the bootstraps -- Leverage for everything -- Cutting to the bone -- Professor Jensen goes to Wall Street -- Drowning by numbers -- Censored loans -- High opportunity bonds -- Fallen angels -- Junk people -- Milken's mobsters -- The sweet envy of bankers -- Thank you for borrowing -- One bridge too far -- National treasure -- Private vices -- Excess returns -- Sexy private equity -- Inflight entertainment -- Selling the family silver -- Holey dollar -- Money for nothing -- Public squalor, private profits -- Locust plagues -- Vain capital -- Amateur hour -- Turbulence -- Dice with debt -- Securitisation recipes -- Slice and dice -- Almost as safe as houses -- Synthetic stuff -- Get copula-ed -- Sticky mess -- Several houses of one's own -- Cheaper cuts of mortgage -- ARMs race -- Heroes for one day -- The doomsday debt machine -- Alpha-debt soup -- In the shadow of debt -- Virtual loans -- Counting on the abacus -- Intellectual masturbation -- Used to be smart -- Chain reaction -- Phase transition -- Terra incognita -- Risk supermarkets -- Mind your derivatives -- Particle finance -- Hedging your bets -- Sewer bonds -- Harvard case studies -- The Italian job -- Betting your hedge -- TARDIS trades -- I will kill you later -- First to lose -- Toxic municipal siblings -- Playing swaps and robbers -- The Greek job -- Madman's games -- Financial arms race -- Shock-Gen -- Evil Kerviel -- Soldier monks. ; Mystère Kerviel -- Risk is our business -- Free money -- Credit's fatal attraction -- Post-modern contradictions -- Derivative deconstruction -- Piñata parties -- Woodstock for hedge funds -- Keeping up with the Joneses -- In search of Moby Dick -- Style gurus -- Magic wand -- Lucky man -- Sharpe practice -- Embedded -- In the long run, we are all dead -- The game -- The more things change -- Hedgestock -- Minsky machines -- Affinities and curses -- Crowded hours -- Crime without punishment -- Fast cars, slow hedge funds -- Fast cornering -- Children of privilege -- Make money not war -- Part 4: Oligarchy -- War games -- Borrowed times -- Liquidity factory -- Six degrees of separation -- Paper chains -- Toxic pathologies -- Relying on the Zohar -- Blind capital -- Rent collectors -- Best in best possible world -- Shell games -- Central bank republics -- Games of old maid -- Protection rackets -- Stockholm Syndrome -- Free speech -- No accounting for values -- Mark to make believe -- Out of sight -- Creeping crumble -- Management by neglect -- Directing traffic -- Cult of risk -- Growth for all seasons -- Financial groupthink -- Celebrity central banking -- Dealing with dissent -- Noneofuscouldanode -- Je ne regrette rien! -- Last supper -- Masters of the Universe -- Money illusions -- Factories for unhappy people -- War versus money -- Shop floors -- Misinformed -- Smiling and killing -- Pay grades -- Much more than this -- Attached -- Bonus season -- Plenty -- Tipping points -- Financial nihilism -- Cosmetic consumption -- The physical impossibility of spending the amount earned by someone living -- Celebrity finance -- Manqué not monkey -- Wizard and muggles -- In the midnight hour -- Last rites -- Safe as -- Snuff movies -- Silent mass murder -- Part 5: Cracks -- Financial gravity -- Air pockets -- Mass extinction -- ER -- This is not a seminar!. ; ICU -- Country for sale -- Crying games -- Newtonian economics -- Unusually uncertain -- Botox economics -- China syndrome -- Regulatory dialectic -- Patient zero -- Nowhere to run, nowhere to hide -- Built to fail -- End of Ponzi prosperity? -- Losing the commanding heights -- Zen finance -- Unknown unknowns -- Epilogue: Nemesis -- Marginal -- Widows and orphans -- Nausea -- Crunch porn, crash lit -- Economic rock stars -- Showtime -- Meta money -- Economic trivialities -- This time, it is no different! -- Suicide is painless -- The turning world -- Notes -- Select bibliography -- Index.
• Sommario/riassunto: The human race created money and finance. But our inventions re-create us. Mankind mistook money—a lubricant of society and human well-being—for an end in itself. Finance, the monetary shadow of real things, came to dominate human reality. Extreme Money tells the story of how this happened—and, in so doing, it tells the story of the modern world. Bestselling author Satyajit Das draws on 33 years of personal experience at the heart of modern global finance to narrate this story. Das reveals the spectacular, dangerous money games that have generated increasingly massive bubbles of fake growth, Ponzi prosperity, sophistication, and wealth—while endangering the jobs, possessions, and futures of virtually everyone outside the financial industry. Das shows how “extreme money” has become ever more unreal; how “voodoo banking” continues to generate massive phony profits even now; and how a new generation of “Masters of the Universe” has come to dominate the world. Extreme Money is about: The new financial fundamentalism: false gods, false prophets - Faith in money, faith in risk, faith in shadows The cult of risk and the growth engine that isn’t - How financial engineering replaced real engineering and illusions replaced reality Financial alchemy and the “Doomsday Debt Machine”- The rise of the global financial machine we cannot escape The new global oligarchy—and the nihilistic games they pla y - Too smart, too fast, too greedy, too self-absorbed—and far too dangerous
• Titolo autorizzato: Extreme money
• ISBN: 0-273-77639-8; 0-273-72420-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910150234203321
• Lo trovi qui: Univ. Federico II