The Greatest Crash

The Greatest Crash

Avoiding the Financial System LimitBy David Kauders
Michael Caine
Listen with Sir Michael Caine™ and 1,000+ voices
Length4h 31m

About this audiobook

The Greatest Crash argues that the financial system which evolved from the early Italian bankers has now reached a roadblock. The weight of debt already created prevents further economic expansion, while paying down the debt shrinks economies. To escape this trap, evolution is needed. But bureaucratic design, delegated government, and group think, all combine to prevent evolution.

Audiobook details

Rating★★★★ 4.1 (11)
Includes Amazon
GenreBusiness and Economics
Length4 hrs 31 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateMar 8, 2024
LanguageEnglish

Table of contents

1Introduction
2Introduction
3By the same author
4Preface
51 The roadblock preventing growth
Show all chapters
6The concept of a financial system limit
7A world riddled with contradictions
8The policy limit
92 Evolution by trial and error
10How the financial system evolved
11The Marxist view of capitalism
12The Great Depression and Keynes
13The long economic cycle
14The post-war consensus and the managed economy
15The growth of services and a new cycle
163 Before the credit crunch
17Borrowing from the future
18How the British economy destroyed value
19The Private Finance Initiative
20Other warnings
21PFI was a financial bubble
22Private equity
234 An era of wishful thinking
24Lessons from Japan
25Warnings from sub-prime
26The misuse of numbers and bubble accounting
27Accounting for knowledge
28What is a valuation?
29Risk is not amortised
30Offshore financial vehicles
31The cost of debt
32Public or private debt?
33The statistics of difference
34Bubble accounting must change
35Pension funds
36Pension fund growth assumptions
37The fashion for alternative assets
38Target date funds
39Property
40The home-owning dream
41Mortgage availability
42Demographics
43The link between economic activity and residential property
44Market saturation
45Unique factors in the United Kingdom
46Other countries
47The world’s deficit with itself
48Devaluing the dollar
49Twin design flaws in the Euro
50Debtor and creditor nations

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