The human race created money and finance: then, our inventions recreated us. In Extreme Money, best-selling author and global finance expert Satyajit Das tells how this happened and what it means. Das reveals the spectacular, dangerous money games that are generating increasingly massive bubbles of fake growth, prosperity, and wealth--while endangering the jobs, possessions, and futures of virtually everyone outside finance.
"...virtually in a category of its own — part history, part book of financial quotations, part cautionary tale, part textbook. It contains some of the clearest charts about risk transfer you will find anywhere. ...Others have laid out the dire consequences of financialisation ("the conversion of everything into monetary form", in Das’s phrase), but few have done it with a wider or more entertaining range of references...[Extreme Money] does... reach an important, if worrying, conclusion: financialisation may be too deep-rooted to be torn out. As Das puts it — characteristically borrowing a line from a movie, Inception — "the hardest virus to kill is an idea".
-Andrew Hill "Eclectic Guide to the Excesses of the Crisis" Financial Times (August 17, 2011)
Extreme Money named to the longlist for the 2011 FT and Goldman Sachs Business Book of the Year award.
MarketWatch | Europe deposits hope in a central bank MarketWatch Official policies and action continue to focus on deferring rather than dealing with the problem. Unfortunately, that means the inevitability of revisiting the same problem somewhere down the road. Satyajit Das is author of “Extreme Money: The Masters ... and more » |
Analyst warns years of Ponzi prosperity are finished ABC Online ... it has to change and that is the challenge going forward. EDMOND ROY: Financial risk analyst and author of Extreme Money, Satyajit Das, speaking with Michael Janda. And Michael you can hear the full interview on our website later tonight, I believe. and more » |
CTV.ca | JPMorgan Loses $2 Billion on Unit's 'Egregious Mistakes' Bloomberg Satyajit Das, the author of “Extreme Money: Masters of the Universe and the Cult of Risk,” compared the publicity around JPMorgan's situation to losses that spiraled at hedge funds like Long-Term Capital Management in 1998 and Amaranth Advisors LLC in ... Volcker Rule Proponents See JPMorgan Losses as Ammunition Moneynews JPMorgan Has A Whale Of A PR Problem MediaPost Communications all 9,030 news articles » |
A Greek exit: How would it work? ABC Online Satyajit Das, a financial risk analyst, former banker and author of Extreme Money, says one thing is for sure - the announcement would come as a surprise. "The first thing is you have to do it unannounced, because if you do it announced everybody in ... and more » |
REPLAY: Cash talks with Satyajit Das at News Café Winnipeg Free Press Das is author of Extreme Money: The Masters of the Universe and the Cult of Risk, and a consultant to Jory Capital and financial institutions around the world. An expert on the kind of derivative trading that helped cause the melt-down of the global ... |
Banker's $2 billion mistake ABC Online Satyajit Das is the author of Extreme Money. SATYAJIT DAS: The size of the position is also known. It's quite likely that these losses may actually get worse because other traders will try to take advantage of the position and the fact that JP Morgan ... |
It's 'the end of global growth' Winnipeg Free Press Das, most recently the author of a book called Extreme Money: Masters of the Universe and the Cult of Risk, was in Winnipeg for a presentation this week. He has been one of those financial insiders who understands the booby traps contained in the ... |
Yahoo! Canada Shine On | The key to a happy relationship: Learning to talk about money with ease Yahoo! Canada Shine On The only exception to this is when someone has very extreme money habits, like being a compulsive spender or hoarder. Most extreme money behaviour is very hard to change or even modify. If that is the case it's time to get help from a trained mental ... |
European elections bring global economic impact ABC Online SATYAJIT DAS, AUTHOR, EXTREME MONEY: I think fundamentally what is happening is that unanimity about austerity is now breaking down, and I think what we are seeing is a revolt from both the far-right of politics and the far-left of politics against the ... and more » |
Satyajit Das: Tight rules would not have stopped JPMorgan losses The Independent ... looks just a little more mathematical and regular than it is; its exactitude is obvious but its inexactitude is hidden; its wildness lies in wait." Satyajit Das is the author of 'Extreme Money: The Masters of the Universe and the Cult of Risk' (2011) and more » |
