Sujet : Re: the future long term financial apocalypse of the USA
De : wthyde1953 (at) *nospam* gmail.com (William Hyde)
Groupes : rec.arts.sf.writtenDate : 11. May 2024, 00:14:27
Autres entêtes
Organisation : A noiseless patient Spider
Message-ID : <v1m9ok$1kat7$1@dont-email.me>
References : 1
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Lynn McGuire wrote:
For those who are interested in the future long term financial apocalypse of the USA, I recommend reading “The Mandibles: A Family, 2029-2047” by Lionel Shriver:
https://www.amazon.com/Mandibles-Family-2029-2047-Lionel-Shriver/dp/006232828X/ For those who do not like Lionel Shriver, I recommend “Distraction" by Bruce Sterling:
https://www.amazon.com/Distraction-Bruce-Sterling/dp/1857989287/
For those who just want a short term financial apocalypse of the USA, I recommend “Buck Out” by Ken Benton:
https://www.amazon.com/gp/product/1514666979/
While for a look at the real financial disasters of the past few decades, as opposed to the imagined, I recommend some books by Micheal Lewis
"Liar's Poker" - about his brief career as a bond trader (far more customer-hostile than stock trading) and also the beginnings of two ideas that didn't need to be disasters but were, junk bonds and mortgage backed securities. You will learn why "Equities in Dallas" is an insult.
"The Big Short" - about the unscrupulous, foolish, and criminal who caused the 2009 crisis, and those who saw it coming and profited by it, as well as those who saw it coming and still managed to lose money. Your money, if you are an American taxpayer.
Also why the bond rating agencies are staffed by people you wouldn't want anywhere near your money.
"Flash boys" How the American markets were restructured to make the process even more skewed to big money, to enable what can only be called stealing. And about those who opposed this.
Two other books:
"A random walk down wall street" by Burton Malkiel.
If time travel ever takes you to the 60s, don't invest in anything that ends in "tronics" unless your future knowledge tells you that this one did well. Malkiel explains why. From the person who came up with the idea of index funds.
"Bull" by Maggie Mahar. While I don't endorse "Dow Theory", this book slaughters a number of sacred cows, and points out how the financial press got almost everything about the 1990s boom wrong, and tells us what really happened to some oft-derided characters who did (if time travel takes you to that era, consider investing in anyone Jim Cramer dismisses).
William Hyde