Storm

Product Description

This is the bestseller on the credit crunch. In this brilliant short book Vince Cable 'the sage of the credit crunch' (Daily Telegraph") explains how we got here & where we're going. In " The Storm" Vincent Cable explains the causes of the world economic crisis & how we should respond to the challenges it brings. He shows that although the downturn is global the complacency of the British government towards the huge 'bubble' in property prices & high levels of personal debt combined with increasingly exotic & opaque trading within the financial markets has left Britain badly exposed. Yet we need to be vigilant in our response to the dangers confronting us. Times of crises inevitably bring forth false prophets who offer easy panaceas & identify scapegoats. However Cable shows that an insular response to the current crisis would be a disaster & urges us to resist the siren voices that promote isolationism & nationalism as the answer to economic woes. He argues that policy makers must keep their faith in liberal markets if the remarkable advances in living standards which are now being extended to the world's poorer countries are to be maintained. This book is suitable for readers of " The Age of Turbulence" by Alan Greenspan " The State We're In" by Will Hutton & " The New Paradigm for Financial Markets" by George Soros."