Throughout history, rich and poor countries alike have been lending, borrowing, crashing and recovering their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different" claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. This book proves that premise wrong.Covering 66 countries across five continents, This Time Is Different presents a comprehensive look at the varieties of financial crises, and guides us through eight astonishing centuries of government defaults, banking panics, and inflationary spikes from medieval currency debasements to today's subprime catastrophe.
Carmen Reinhart and Kenneth Rogoff, leading economists whose work has been influential in the policy debate concerning the current financial crisis, provocatively argue that financial combustions are universal rites of passage for emerging and established market nations. The authors draw important lessons from history to show us how much or how little we have learned. Using clear, sharp analysis and comprehensive data, Reinhart and Rogoff document that financial fallouts occur in clusters and strike with surprisingly consistent frequency, duration, and ferocity. They examine the patterns of currency crashes, high and hyperinflation, and government defaults on international and domestic debts as well as the cycles in housing and equity prices, capital flows, unemployment, and government revenues around these crises.While countries do weather their financial storms, Reinhart and Rogoff prove that short memories make it all too easy for crises to recur. This Time Is Different exposes centuries of financial missteps.
"This book is in part a detective story. After 9/11 I knew, if I needed further reinforcement, that we are living in a new world....
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A sweeping, emotionally riveting first novel an enthralling family saga of Africa and America, doctors and patients, exile and home....
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Once again, Hilderbrand masterfully weaves an intense tale of love and loyalty set against the backdrop of endless summer island life....
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Once again, Hilderbrand masterfully weaves an intense tale of love and loyalty set against the backdrop of endless summer island life....
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"This book is in part a detective story. After 9/11 I knew, if I needed further reinforcement, that we are living in a new world....
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Little Bee is an achingly human story set against the inhuman realities of wartorn Africa. Wrenching tests of friendship and terrible moral dilemmas fuel this irresistible novel.....
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A hilarious and moving memoir in the spirit of Anne Lamott and Nora Ephron about a woman who returns home to her Mennonite family after a personal crisis....
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Birdie Cousins has thrown herself into the details of her daughter Chess's lavish wedding, from the floating dance floor in her Connecticut back yard to the color of the cocktail napkins....
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A People's History of the United States is an important and necessary contribution to a complete and balanced understanding of American history.....
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Seventeen year old Veronica "Ronnie" Miller's life was turned upsidedown when her parents divorced and her father moved from New York City to Wilmington, North Carolina....
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In The Tipping Point, New Yorker writer Malcolm Gladwell looks at why major changes in society happen suddenly and unexpectedly....
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A hilarious and moving memoir in the spirit of Anne Lamott and Nora Ephron about a woman who returns home to her Mennonite family after a personal crisis....
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The Lost City of Z is a blockbuster adventure narrative about what lies beneath the impenetrable jungle canopy of the Amazon....
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Why I Recommend
Audible by Alan Twigg
Audible (an Amazon.com company) is the world's leading online
audio-book provider. Audible is responsible for supplying audio
content to Apple's ITunes service. I have been listening,
enjoying and creating audio books for many years. With
the arrival of the internet and portable digital devices,
audio-books began to become availalbe for download.
Having tried most of
the other download services myself, I finally came to
the conclusion that Audible offers the best and most
reliable service. Whether you are using an IPod, IPhone,
mobile phone, Dune or one of the many other MP3 players
availalbe, Audilbe makes downloading great quality audio
content easy and umcomplicated.
In addition to this, Audible also boasts the most comprehensive collection
of audio books anywhere. Depending on the promotion currently on
offer, you can download any audiobook of your
choice for free (including almost
certainly the title on this
page, too).
This link will take you to Audible...
All about Audiobooks and how they can make your life more
enjoyable.
Books in audio format are a fantastic alternative to reading.
Indeed, now that the digital age is upon, listening to your
favourite novel, biography or factual book has become
incredibly easy. Digital audiobooks weigh nothing and can be
easily downloaded in mp3, wma or other format to an almost
limitless number of mobile devices, including ipods, iphone,
zune, android, laptops, PCs and mobile phones.
Just imagine listening to a bestselling classic while
driving. Good audiobooks really do take the boredom out of
travel and long car journeys. Thanks to Ipod and co. you
don’t even need a CD player anymore! And there are many
thousands of great audiobooks to choose in an incredibly
diverse range of categories. From comedy to business and
from children’s to Adult, you are guaranteed to find your
downloadable favourite.
Here at Playtime Books we offer lots unabridged talking
books that can be downloaded from audible. At audible
audiobooks you get your own online library, which makes
downloading a piece of cake. You can then easily move them
over to your Ipod or mp3 player. You can also sign up for
the trial and get a
free audiobook.
