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This entertaining book describes the global history of economic fluctuations and business cycle theory over more than 300 years. It explains the core of the problem and shows how cycles can be forecast and how they are managed by central banks. The book concludes with detailed studies of how sub-sectors of stocks, bonds, hedge funds, private equity funds, gold, exchange rates, real estate, commodities, art and collectibles fluctuate over different categories of business cycles.
The first and the last book you should read about business cycles
for FUN!Reviewed by csh, 2008-12-12
I bought the book and left it for a while. Recently I picked up
starting reading. To my amazement, I enjoyed it tremendously.
Checking into the Amazon, I found there is no review on it, another
surprise. It is written in an ever easy style with many anecdotes.
It explains formulas in a clear and simple way. My major wasn't in
economy but it certainly would attract many non-economy readers who
are interested in what is all about economy cycle. (not just
business cycle.) It is getting a bit more details starting from
chapter 22. It requires a second reading for more elaborated
scrutiny.
Don't be misled or intimidated by its titles. The book is really
easy to get into. Though you have to be interested in economy. It
also unintentionally peeks into the recent recession causes
(2007-2008). The book was published in 2006. Presumably written
prior that time.
I recommend it to be the first book and the last book you should
read about economy (cycles). But not the only book ;-)
A must fun read. Well.. I found his email through the Web and will
congratulate him on writing such a nice piece.
