Today we face one of the greatest economic crises in recorded history. The extent of credit we have amassed is unprecedented. The magnitude and duration of systemic distortions under which this debt has been built, coupled with its global nature, have created an enormous destructive force.
The search for resolution of all that the crisis will reveal is likely to reach quite a bit beyond finance and economics. Yet, finance is at the center of our economic lives and – in this crisis – it is the Eye of the Storm.
Where has finance gone wrong? Unfortunately, a simple answer is hardly possible. The perspective I would like to offer here is one of an exaggerated belief in mathematics.
Mathematics has the great advantage of being exact and simple. In a business that is marked by uncertainty and complexity determination and simplicity is nothing short of revolutionary, but also perhaps too good to be true.
www.eyeofthestormbook.com
“Eye of the Storm is an excellent book on the current financial crisis. This is the story of how special interests misused a dubious theory to overturn common sense. If you want to understand how an erroneous belief system almost destroyed the global financial system you need to read this book.
The US government can go bankrupt. This book explains how and what needs to be done to stop it.”
Russell Napier, author of “Anatomy of The Bear”.
“A very accurate and sobering account of the causes and events leading to the current financial and economic crisis. Stephan rightly concludes that “considering all major factors that have driven the boom period, the cost is likely to exceed anything we have experienced in recorded history”.
A book every responsible citizen should read!”
Dr. Marc Faber, Editor of the Gloom, Boom and Doom Report
“An exceptional book on the background of the financial crisis and the possibly dramatic future scenarios. Stephan Ola
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