Debt deconstructed

It's a miracle! A witty, lucid, book about the GFC that takes into account the average person's difficulty in grasping the basics of international finance.

The curious thing about money is that as much as we covet it, obsess about it and chase after it, most of us have a hard time understanding it. At any level above a basic household budget, money becomes an abstraction swimming in a sea of acronyms, operating according to laws harder to fathom than the fundamentals of theoretical physics. Quite a few of the people in charge of managing money at that level – for the sake of simplicity, let's just call them bankers – don't understand the more complex and immaterial financial products they deal in; that's one of the many underlying causes of the current economic crisis.

If bankers don't know exactly how collateralised debt obligations and the like operate, what hope is there for us civilians?

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Email is required.
Email must be a valid email.
Password is required.
First name is required.
Last name is required.
Mobile phone number is required.
You must accept the terms and conditions.

OR

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
Discount -{{productDiscount}}
GST {{productGST}}
TOTAL   (inc. GST) {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Login or to reset your password, select Forgotten password

You have entered an incorrect email or password

Email is required.
Email must be a valid email.
Password is required.

Please untick this box when using a public or shared device


OR

Related Articles