Thursday, 28 August 2014

Crisis Economics: A Crash Course in the Future of Finance

As I mentioned before, I am short of investment books at the moment. Hence, any book will be my choices right now. In fact, I do not mind reading lousy books. Reading itself is already an amazing journey. To be able to judge at the end of the journey means we did catch up something along the road. So, whether it is a good or bad journey, a journey is still a journey to appreciate...

This book was actually grabbed during a book fair. In fact, it was grouped in those offering books where I can buy the next one with RM1. Well, I admit I was in the rush that day and this book was simply bought to make up the number. At the end, I did not even realize that this is another book on 2008 financial crisis... Gosh, so boring, LOL!

Well, please do not get me wrong. This is not a lousy book. But, ever since 2008 sub-prime crisis, this kind of books are all over in the markets. With year 2015 is around the corner plus markets everywhere were making new highs recently, this book does not seems appealing at all. The author did an excellent analysis with tons of ideas as future solutions to face another possible "white swan" (as according to author) in long run. However, I do find that ideas presented although sounds logic with sense... the solutions will be costly. In fact, I do not think authority will react such a way. After all, we are passing 6th year since 2008 and those solutions may not sounds applicable and relevant anymore.

As a summary, this may be a good read right after the 2008 crisis. However, to read it in year 2014 does not seem right in the first place. Rating wise, out of 10, I am giving it 4. Overall, not much of refreshing thoughts throughout the whole reading process... 

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