The extraordinary life story of the former chairman of the Federal Reserve, whose absolute integrity provides the inspiration we need as our constitutional system and political tradition are being tested to the breaking point. As chairman of the federal reserve 1979-1987, Paul Volcker slayed the inflation dragon that was consuming the American economy and restored the world's faith in central bankers.
Keeping At It: The Quest for Sound Money and Good Government #ad - Yet he first found his model for competent and ethical governance in his father, sound finance, NJ, the town manager of Teaneck, who instilled Volcker's dedication to absolute integrity and his "three verities" of stable prices, and good government.
Volcker: The Triumph of PersistenceBloomsbury Press #ad - Volcker. After the 2008 financial meltdown, the nation turned again to Volcker to restore trust in a shaky financial system: President Obama would name his centerpiece Wall Street regulation the Volcker Rule. During his tenure as chairman of the federal reserve Board, when he battled the Great Inflation of the 1970s, Volcker did nothing less than restore the reputation of an American financial system on the verge of collapse.
. Over the course of nearly half a century, and the integrity, five American presidents-three Democrats and two Republicans-have relied on the financial acumen, of Paul A. Silber argues, it was only volcker's toughness on monetary policy that "forced Reagan to be Reagan" and to rein in America's deficit.
Noted scholar and finance expert silber draws on hours of candid personal interviews and complete access to Volcker's personal papers to render dramatic behind-the-scenes accounts from Volcker's career at the Treasury Department and the Federal Reserve: secret negotiations with European ministers; confrontations with the White House; crisis conferences with Wall Street titans, and even tense boardroom rebellions within the Fed itself.
Volcker: The Triumph of Persistence #ad - Volcker's career demonstrated that a determined central banker can prevail over economic turmoil-so long as he can resist relentless political pressure. Filled with frank commentary from volcker himself-including why he was personally irked with the "Volcker Rule" label-this will be the definitive account of Volcker's indispensable role in American economic history.
His resolve and independent thinking-sorely tested by Richard Nixon, Jimmy Carter, and Ronald Reagan-laid the foundation for a generation of economic stability. Indeed, William L.
Capitalism in America: An Economic History of the United StatesPenguin Books #ad - He has made a particular study of the question of productivity growth, at the heart of which is the riddle of innovation. A sense of justice and human decency demands that those who bear the brunt of the pain of change be protected, but America has always accepted more pain for more gain, and its vaunted rise cannot otherwise be understood, or its challenges faced, without recognizing this legacy.
But to read capitalism in america is above all to be stirred deeply by the extraordinary productive energies unleashed by millions of ordinary Americans that have driven this country to unprecedented heights of power and prosperity. Every crucial debate is here--from the role of slavery in the antebellum Southern economy to the real impact of FDR's New Deal to America's violent mood swings in its openness to global trade and its impact.
Capitalism in America: An Economic History of the United States #ad - At heart, america's genius has been its unique tolerance for the effects of creative destruction, the authors argue, the ceaseless churn of the old giving way to the new, driven by new people and new ideas. Where does innovation come from, see the opposite?in capitalism in america, and others, including our own, and how does it spread through a society? And why do some eras see the fruits of innovation spread more democratically, Greenspan distills a lifetime of grappling with these questions into a thrilling and profound master reckoning with the decisive drivers of the US economy over the course of its history.
From the legendary former fed chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen. Shortlisted for the 2018 financial times and mckinsey business book of the Year AwardFrom even the start of his fabled career, Alan Greenspan was duly famous for his deep understanding of even the most arcane corners of the American economy, and his restless curiosity to know even more.
There's no better moment to apply the lessons of history to the most pressing question we face, that of whether the United States will preserve its preeminence, or see its leadership pass to other, inevitably less democratic powers.
The Man Who Knew: The Life and Times of Alan GreenspanPenguin Books #ad - Mallaby's story lands with both feet on the great crash which did so much to damage Alan Greenspan's reputation. The story of greenspan is also the story of the making of modern finance, for good and for ill. Greenspan's life is a quintessential american success story: raised by a single mother in the Jewish émigré community of Washington Heights, he was a math prodigy who found a niche as a stats-crunching consultant.
The man who knew is a searching reckoning with what exactly comprised the art, and the possible, in the career of Alan Greenspan. A fire-breathing libertarian and disciple of Ayn Rand in his youth who once called the Fed's creation a historic mistake, Mallaby shows how Greenspan reinvented himself as a pragmatist once in power.
His memoirs sold for record sums to publishers around the world. A close reading of greenspan's life provides fascinating answers to these questions, answers whose lessons we would do well to heed. At his retirement in 2006, the veritable God in the machine, he was lauded as the age's necessary man, the global economy's avatar.
The Man Who Knew: The Life and Times of Alan Greenspan #ad - Because perhaps mallaby's greatest lesson is that economic statesmanship, like political statesmanship, is the art of the possible. As the most influential economic statesman of his age, Greenspan spent a lifetime grappling with a momentous shift: the transformation of finance from the fixed and regulated system of the post-war era to the free-for-all of the past quarter century.
This led to a perch on the white house council of Economic Advisers, and then to a dazzling array of business and government roles, from which the path to the Fed was relatively clear. He knew more than almost anyone; the question is why he didn't act, and whether anyone else could or would have.
The Man Who Solved the Market: How Jim Simons Launched the Quant RevolutionPortfolio #ad - Mercer also impacted the campaign behind Brexit. The man who solved the market is a portrait of a modern-day Midas who remade markets in his own image, but failed to anticipate how his success would impact his firm and his country. Senior executive robert mercer is more responsible than anyone else for the Trump presidency, placing Steve Bannon in the campaign and funding Trump's victorious 2016 effort.
No other investor--warren buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros--can touch his record. Simons pioneered a data-driven, algorithmic approach that's sweeping the world. As renaissance became a market force, its executives began influencing the world beyond finance. New york times bestsellershortlisted for the financial times/mckinsey Business Book of the Year AwardThe unbelievable story of a secretive mathematician who pioneered the era of the algorithm--and made $23 billion doing it.
The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution #ad - Jim simons is the greatest money maker in modern financial history. Since 1988, renaissance's signature Medallion fund has generated average annual returns of 66 percent. Simons became a major figure in scientific research, education, and liberal politics. The firm has earned profits of more than $100 billion; Simons is worth twenty-three billion dollars.
Drawing on unprecedented access to simons and dozens of current and former employees, a veteran Wall Street Journal investigative reporter, Zuckerman, tells the gripping story of how a world-class mathematician and former code breaker mastered the market.
Firefighting: The Financial Crisis and Its LessonsPenguin Books #ad - From the three primary architects of the American policy response to the worst economic catastrophe since the Great Depression, a magnificent big-picture synthesis--from why it happened to where we are now. In 2018, ben bernanke, tim geithner, and hank Paulson came together to reflect on the lessons of the 2008 financial crisis ten years on.
Recognizing that, " they examine the causes of the crisis, "the enemy is forgetting, why it was so damaging, as Ben put it, and what it ultimately took to prevent a second Great Depression. And they provide to their successors in the United States and the finance ministers and central bank governors of other countries a valuable playbook for reducing the damage from future financial crises.
Firefighting: The Financial Crisis and Its Lessons #ad - Firefighting provides a candid and powerful account of the choices they and their teams made during the crisis, working under two presidents and with the leaders of Congress.
Paul Volcker: The Making of a Financial LegendWiley #ad - As the chairman of the federal reserve from 1979 to 1982, Paul Volcker established himself as one of the most influential economic thinkers. Wolfensohn, Inc. Economic, this inspiring book captures the significant moments in Volcker life and explores the ethical, and moral dilemmas he faced at every turn.
Paul Volcker: The Making of a Financial Legend #ad - Written by award-winning new york times journalist Joseph Treaster, Paul Volcker: The Making of a Financial Legend takes readers through the most compelling moments of this legend’s life in private and public service. From his early days as a young treasury Department official through his appointments to the New York Federal Reserve Bank, the Federal Reserve, and James D.
Currently a major advocate for corporate governance and accounting reforms, Volcker’s reputation as a great business leader with uncompromising ethics continues to this day.
Big Debt CrisesBridgewater #ad - Whether you’re an investor, or are simply interested, a policy maker, the unconventional perspective of one of the few people who navigated the crises successfully, Principles for Navigating Big Debt Crises will help you understand the economy and markets in revealing new ways. This should serve as a play book for future policy makers, with practical guidance about what to do and what not to do.
Tim geithner“dalio’s approach, is to synthesize information, as in his investment management, and to convert a sprawling and multi-faceted issue into a clear-cut process of cause and effect. Critically, he simplifies without over-simplifying. Financial times for the 10th anniversary of the 2008 financial crisis, Ray Dalio, one of the world’s most successful investors, shares his unique template for how debt crises work and principles for dealing with them well.
Ray dalio’s excellent study provides an innovative way of thinking about debt crises and the policy response. Ben bernanke“ray dalio’s book is must reading for anyone who aspires to prevent or manage through the next financial crisis. Larry summers“a terrific piece of work from one of the world’s top investors who has devoted his life to understanding markets and demonstrated that understanding by navigating the 2008 financial crisis well.
Big Debt Crises #ad - Hank paulson“an outstanding history of financial crises, with a very valuable framework for understanding why the engine of the financial system occasionally breaks down, including the devastating crisis of 2008, and what types of policy actions by central banks and governments are necessary to resolve systemic financial crises.
In this 3-part research series, he does that for big debt crises and shares his template in the hopes reducing the chances of big debt crises happening and helping them be better managed in the future.
A Primer on Money, Banking, and Gold Peter L. Bernstein's Finance ClassicsWiley #ad - A primer on money, banking, and Gold takes you back to the beginning and sorts out all the pieces. But this book is not just about the past. Peter bernstein skillfully addresses how and why commercial banks lend and invest, how it moves from hand to hand, where money comes from, and the critical role of interest rates.
This illuminating story about the heart of our economic system is essential reading at a time when developments in finance are more important than ever. Now, a primer on money, and gold, with classic titles such as economist on Wall Street, Banking, and The Price of Prosperity—which have forewords by financial luminaries and new introductions by the author—you can enjoy some of the best of Bernstein in his earlier Wall Street days.
He explores the federal Reserve System and the consequences of the Fed's actions on the overall economy. With the proliferation of financial instruments, and innovative capital market strategies, new areas of instability, many economists and investors have lost sight of the fundamentals of the financial system—its strengths as well as its weaknesses.
A Primer on Money, Banking, and Gold Peter L. Bernstein's Finance Classics #ad - Bernstein's novel perspective on gold and the dollar is critical for today's decision makers, banking, as he provides extensive views on the future of money, and gold in the world economy. One of the foremost financial writers of his generation, Peter Bernstein has the unique ability to synthesize intellectual history and economics with the theory and practice of investment management.
Mastering the Market Cycle: Getting the Odds on Your SideHoughton Mifflin Harcourt #ad - Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result. We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles.
By following marks’s insights — drawn in part from his iconic memos over the years to Oaktree’s clients — you can master these recurring patterns to have the opportunity to improve your results. You’ll be aware and prepared while others get blindsided by unexpected events or fall victim to emotions like fear and greed.
Mastering the Market Cycle: Getting the Odds on Your Side #ad - A new york times, wall street journal, and usa today bestsellernamed one of the best business books of 2018 by Business InsiderThe legendary investor shows how to identify and master the cycles that govern the markets. If you study past cycles, understand their origins and remain alert for the next one, you will become keenly attuned to the investment environment as it changes.
The Courage to Act: A Memoir of a Crisis and Its AftermathW. W. Norton & Company #ad - With creativity and decisiveness, they prevented an economic collapse of unimaginable scale and went on to craft the unorthodox programs that would help revive the U. S. A new york times bestseller“A fascinating account of the effort to save the world from another Great Depression. Economy and become the model for other countries.
Rich with detail of the decision-making process in washington and indelible portraits of the major players, The Courage to Act recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider’s account of the policy response. Humanity should be grateful.
The Courage to Act: A Memoir of a Crisis and Its Aftermath #ad - Financial timesIn 2006, Ben S. Presidents, and under fire from a fractious Congress and a public incensed by behavior on Wall Street, the Fed—alongside colleagues in the Treasury Department—successfully stabilized a teetering financial system. Around the clock, they fought the crisis with every tool at their disposal to keep the United States and world economies afloat.
Working with two U. S. Bernanke was appointed chair of the federal Reserve, the unexpected apex of a personal journey from small-town South Carolina to prestigious academic appointments and finally public service in Washington’s halls of power.