Book picks similar to
The Weight of the Yen by R. Taggart Murphy
japan
economics
history
adult-non-fic
How Markets Fail: The Logic of Economic Calamities
John Cassidy - 2009
Farrar, Straus and Giroux, 2009.
Fool's Gold
Gillian Tett - 2009
Drawing on exclusive access to J.P. Morgan CEO Jamie Dimon and a tightly bonded team of bankers known on Wall Street as the "Morgan Mafia," as well as in-depth interviews with dozens of other key players, including Treasury Secretary Timothy Geithner, Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control.The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world. The story begins with the intense Morgan brainstorming session in 1994 beside a pool in Boca Raton, where the team cooked up a dazzling new idea for the exotic financial product known as credit derivatives. That idea would rip around the banking world, catapult Morgan to the top of the turbocharged derivatives trade, and fuel an extraordinary banking boom that seemed to have unleashed banks from ages-old constraints of risk.But when the Morgan team's derivatives dream collided with the housing boom, and was perverted -- through hubris, delusion, and sheer greed -- by titans of banking that included Citigroup, UBS, Deutsche Bank, and the thundering herd at Merrill Lynch -- even as J.P. Morgan itself stayed well away from the risky concoctions others were peddling -- catastrophe followed. Tett's access to Dimon and the J.P. Morgan leaders who so skillfully steered their bank away from the wild excesses of others sheds invaluable light not only on the untold story of how they engineered their bank's escape from carnage but also on how possible it was for the larger banking world, regulators, and rating agencies to have spotted, and heeded, the terrible risks of a meltdown.A tale of blistering brilliance and willfully blind ambition, "Fool's Gold" is both a rare journey deep inside the arcane and wildly competitive world of high finance and a vital contribution to understanding how the worst economic crisis since the Great Depression was perpetrated.
The Untamed Bride And The Respectable Mayor: A Clean Western Historical Romance Novel
Felicity Wells - 2020
He finds the perfect woman in a marriage ad – only to later find out that she’s a lot more than the quiet, beautiful trophy wife he was expecting.Willa is a wild, talented, and free-spirited woman used to riding, shooting, and roping on the plains. Her parents told her she would never find anyone to marry her, but desperately wanting a husband and family of her own, she becomes a mail order bride and travels to Eureka Valley, excited to meet the love of her life.Abel and Willa clash over what the town expects of them. Abel wants to redeem his reputation with a demure, well-behaved wife, but Willa just wants to be loved and accepted for who she is.When a gang closes in on the town, putting all the townspeople in jeopardy, the two must come together and try to save the town.But along the way, will they be able to salvage their struggling relationship? Or will the pressure of societal expectations and the danger the gang puts them in lead to the end of their marriage?If you like fast-paced clean romance and action-packed stories, you won't be able to put down this addictive Novel by Felicity Wells."The Untamed Bride And The Respectable Mayor" is a stand-alone Western Historical Romance Novel of approximately 500 pages.
For the Sake of Her Child
Meg Hutchinson - 1996
She is befriended by gruff, but tender, Maggie Fellen and builds up a successful business, finding a measure of happiness with Edward Royce. But the happiness does not last. Tragedy robs her of both husband and livelihood and once more she must rebuild her fortune. When fate leads her back to her roots, it is to a confrontation that could break -- or mend -- her heart.
Viking Storm
Julian Brazier - 2014
Each Anglo Saxon kingdom is overwhelmed in turn by ferocious, battle-hardened Viking warriors who can strike at a time and place of their choosing thanks to their famous longships. Viking armies have conquered Northumbria, Mercia and East Anglia. Now they are coming for Wessex and the young king Alfred cannot even rely on his own nobles. Driven to the remote marshes in Somerset, Alfred must regroup his loyal supporters and organize the fight back. He finds some unlikely allies: two young Saxon nobles out for revenge and, above all, Constantinos, a Byzantine soldier and diplomat and his bodyguards who all find their own reasons to fight – and die – in someone else’s war.Viking Storm is the first in an action-packed trilogy that reveals just how narrowly England survived the Vikings, and why Alfred is the only English king known as ‘The Great’. ‘Julian Brazier has shone a light on the Dark Ages and given Alfred the Great the rip-roaring yarn he deserves. This generation has all but forgotten the astonishing achievements of the Saxon King, and how he saved England from a blood-crazed enemy - and re-founded the City of London. Viking Storm is a pacy and suspenseful blockbuster. Alfred lives!’ - Boris Johnson‘New recruits to the territorial army should perhaps consult a copy of Viking Storm, a racy new novel by Julian Brazier, for tips on how to behave under fire. Brazier displays an alarming flair for describing violent conquest’ – Sunday TimesEducated at Wellington and Oxford, Julian Brazier is the Member of Parliament for Canterbury and Parliamentary Under-Secretary of State in the Ministry of Defence responsible for reserve forces. He served for thirteen years as an officer in the Territorial Army, including five years with the SAS Reserves. He is married with three children.Endeavour Press is the UK's leading independent publisher of digital books.
Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives
Satyajit Das - 2006
Read this sensational and controversial account of the often dazzling business of derivatives trading, and see if you agree.No money is ever really made in financial markets. Markets merely transfer wealth. As to how to make money? Well, it is basically theft, misrepresentation, lies, cheating, deception or force. It is impossible to make the staggering amounts made in derivatives in good years honestly.Traders, Guns & Money is a wry and wickedly comic exposé of the culture, games, and pure deceptions played out every day in trading rooms around the world, usually with other people's money. Whether you move in the financial world yourself, know people who do, or have money invested in stocks, shares or derivatives, this is a fascinating read guaranteed to make you think.
Ugly Americans: The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions
Ben Mezrich - 2004
Ugly Americans is the true story of John Malcolm, a hungry young Princeton grad who traveled halfway around the world in search of the American dream and ultimately pulled off a trade that could, quite simply, be described as the biggest deal in the history of the financial markets. After receiving a mysterious phone call promising him a shot at great fortune in an exotic land, Malcolm packed up his few belongings and took the chance of a lifetime. Without speaking a word of Japanese, with barely a penny in his pocket, Malcolm was thrown into the bizarre, adrenaline-fueled life of an expat trader. Surrounded by characters ripped right out of a Hollywood thriller, he quickly learned how to survive in a cutthroat world -- at the feet of the biggest players the markets have ever known.Malcolm was first an assistant trading huge positions for Nick Leeson, the twenty-six-year-old rogue trader who lost nearly two billion dollars and brought down Barings Bank -- the oldest in England. Then he was the right-hand man to an enigmatic and brilliant hedge-fund cowboy named Dean Carney, and grew into one of the biggest derivatives traders in all of Asia. Along the way, Malcolm fell in love with the daughter of a Yakuza gangster, built a vast fortune out of thin air, and came head-to-head with the violent Japanese mobsters who helped turn the Asian markets into the turbulent casino it is today.Malcolm and his twentysomething, Ivy League schooled colleagues, with their warped sense of morality and proportion, created their own economic theory: Arbitrage with a Battle Axe. They rode the crashing waves of the Asian markets during the mid- to late 1990s, culminating in a single deal the likes of which had never been seen before -- or since.A real-life mixture of Liar's Poker and Wall Street, brimming with intense action, romance, underground sex, vivid locales, and exotic characters, Ugly Americans is the untold, true story that will rock the financial community and redefine an era.
Currency Wars: The Making of the Next Global Crisis
James Rickards - 2011
dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas.While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.
Irrational Exuberance
Robert J. Shiller - 2000
The original and bestselling 2000 edition of Irrational Exuberance evoked Alan Greenspan’s infamous 1996 use of that phrase to explain the alternately soaring and declining stock market. It predicted the collapse of the tech stock bubble through an analysis of the structural, cultural, and psychological factors behind levels of price growth not reflected in any other sector of the economy. In the second edition (2005), Shiller folded real estate into his analysis of market volatility, marshalling evidence that housing prices were dangerously inflated as well, a bubble that could soon burst, leading to a “string of bankruptcies” and a “worldwide recession.” That indeed came to pass, with consequences that the 2009 preface to this edition deals with. Irrational Exuberance is more than ever a cogent, chilling, and astonishingly far-seeing analytical work that no one with any money in any market anywhere can afford not to read–and heed.
Everything a Lady Craves
Meghan Sloan - 2020
However, when a charming man asks for her hand in marriage, she is hesitant to turn a new page in her life. Having heard the whispers about the man's missing fiancée, she can't help but wonder whether she could ever be anything but second best for him. Once they finally meet, the desire that sparks between them is undeniable, but there will soon be clouds on the horizon... Will Alice be able to finally satisfy the burning passion she holds for him, or will this romance be doomed forever?The last thing Silas Wilmington expected after the unforeseen disappearance of his fiancée, was another tempting woman by his side. Tired of being haunted by his tormented past, he chooses to accept his inevitable fate with a heavy heart. But little did he know that the beautiful and seductive Alice was about to start a fire inside him... After having mourned his great love for a long time, he could have never imagined that romance could be on the cards for him again. Will Silas eventually let his wounds heal and surrender to Alice's charm?Just when they start unfolding their growing feelings, someone who holds the key to Sila's broken heart appears and everything is about to crash down. Will their newly fledged passion endure a quick death, as the wounds from the past are still bleeding? Or will they survive to meet the passionate future they could have together?"Everything a Lady Craves" is a historical romance novel of approximately 80,000 words. No cheating, no cliffhangers, and a guaranteed happily ever after.
Embracing Defeat: Japan in the Wake of World War II
John W. Dower - 1999
Dower's brilliant examination of Japan in the immediate, shattering aftermath of World War II.Drawing on a vast range of Japanese sources and illustrated with dozens of astonishing documentary photographs, Embracing Defeat is the fullest and most important history of the more than six years of American occupation, which affected every level of Japanese society, often in ways neither side could anticipate. Dower, whom Stephen E. Ambrose has called "America's foremost historian of the Second World War in the Pacific," gives us the rich and turbulent interplay between West and East, the victor and the vanquished, in a way never before attempted, from top-level manipulations concerning the fate of Emperor Hirohito to the hopes and fears of men and women in every walk of life. Already regarded as the benchmark in its field, Embracing Defeat is a work of colossal scholarship and history of the very first order.
Hidden Latitudes: A Novel of Amelia Earhart
Alison Anderson - 1996
Many years later, a couple sailing around the world take refuge on an uncharted island. Although they believe the tiny atoll to be uninhabited, it is actually home to a mysterious woman who has been stranded there for more than forty years. As that woman ponders whether to stay hidden or step back into society, a tempestuous storm threatens to change the course of all their lives.
The Boom: How Fracking Ignited the American Energy Revolution and Changed the World
Russell Gold - 2014
He has also sifted through reams of engineering reports, lawsuit transcripts, and financial filings. The result is an essential book—a commanding piece of journalism, an astounding study of human ingenuity, and an epic work of storytelling.Fracking has vociferous critics and fervent defenders, but the debate between these camps has obscured the actual story: Fracking has become a fixture of the American landscape and the global economy. It has upended the business models of energy companies around the globe, and it has started to change geopolitics and global energy markets in profound ways. Gold tells the story of this once-obscure oilfield technology—a story with an incredible cast of tycoons and geologists, dreamers and drillers, speculators and skeptics, a story that answers a critical question of our time: Where will the energy come from to power our world—and what price will we have to pay for it?
The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer
Jeffrey K. Liker - 2003
Less inventory. The highest quality cars with the fewest defects of any competing manufacturer. In factories around the globe, Toyota consistently raises the bar for manufacturing, product development, and process excellence. The result is an amazing business success story: steadily taking market share from price-cutting competitors, earning far more profit than any other automaker, and winning the praise of business leaders worldwide.The Toyota Way reveals the management principles behind Toyota's worldwide reputation for quality and reliability. Dr. Jeffrey Liker, a renowned authority on Toyota's Lean methods, explains how you can adopt these principles--known as the "Toyota Production System" or "Lean Production"--to improve the speed of your business processes, improve product and service quality, and cut costs, no matter what your industry.Drawing on his extensive research on Toyota, Dr. Liker shares his insights into the foundational principles at work in the Toyota culture. He explains how the Toyota Production System evolved as a new paradigm of manufacturing excellence, transforming businesses across industries. You'll learn how Toyota fosters employee involvement at all levels, discover the difference between traditional process improvement and Toyota's Lean improvement, and learn why companies often think they are Lean--but aren't.
Medici Money: Banking, Metaphysics, and Art in Fifteenth-Century Florence
Tim Parks - 2006
But even at the height of the Renaissance, charging interest of any kind meant running afoul of the Catholic Church’s ban on usury. Tim Parks reveals how the legendary Medicis—Cosimo and Lorenzo “the Magnificent” in particular—used the diplomatic, military, and even metaphysical tools at hand, along with a healthy dose of intrigue and wit, to further their fortunes as well as their family’s standing.