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  • Format: ePub

The decade which began in July 1997 saw a global financial system that generated more wealth for more people for a much longer period of time than any other in financial history.
But ten years later, in a seemingly sudden move, there was a flight of capital and a collapse of the global banking system. What went wrong? Did anyone see it coming? What lessons can we learn from this?
And is it really all that bad?
Fooled Again is not a history book, but it looks at the history of recent financial management, mismanagement, extraordinary risk and greed, flows of global capital and
…mehr

Produktbeschreibung
The decade which began in July 1997 saw a global financial system that generated more wealth for more people for a much longer period of time than any other in financial history.

But ten years later, in a seemingly sudden move, there was a flight of capital and a collapse of the global banking system. What went wrong? Did anyone see it coming? What lessons can we learn from this?

And is it really all that bad?

Fooled Again is not a history book, but it looks at the history of recent financial management, mismanagement, extraordinary risk and greed, flows of global capital and international toxic balance sheets to identity the key lessons to be learned from the global financial crisis.

Taking a considered and long-term view, Meyrick Chapman gives an immensely readable and insightful view of what really happened and shows us why not all crises are bad, and why the events of 2008 and 2009 may ultimately benefit us.


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Autorenporträt
About the author

A History graduate from Cambridge, Meyrick Chapman began his career in finance in 1982 on the trading desk of a commodity house. He moved to investment banking in the late 1980s and worked as a proprietary trader for several years at Banker Trust. In 1997 he joined then Swiss Banking Corporation (later to become UBS) framing strategy in international bond markets. It was in this role that he gained first hand experience of the colossal international capital flows that eventually led to the financial crisis which are investigated in "Fooled Again". He has contributed to policy think tanks, industry magazines and the general financial press as well as speaking at many international conferences. He is married with two children and lives in West London