Weekend May 14, 2017
I am about one-third of the way through Fed Up by Danielle Booth.
She is a University of Texas at Austin Finance MBA graduate as am I. She worked for Donaldson Lufkin in NYC, then moved to Dallas becoming a financial writer for the Dallas Morning News. She is a great writer, very able to describe complex financial transactions for the average person.
The book was written as an inside look at the FED as well as the financial melt down of 2008.Actually her description of the
size of derivatives at the time makes me wonder, indeed, that the entire world financial system did not melt down.
Her disdain for the Economic PhDs that infest the FED is obvious. No real world experience and always looking back at dat in an academic model trying and failing to predict the future.
As she was not an economics PhD those types had little use for her.
No problem with Danielle. A high recommendation for both history and a practical under standing of
just how much derivatives can be borrowed and leveraged. More on this when I finish the book.
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