Money-market

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Book reviews for "Money-market" sorted by average review score:

The Fed, the Markets, and the Metamorphosis of the Business Cycle: A Christian Perspective

Published in Paperback by Francis Asbury Press (01 September, 2002)

Author: John E., Ph.D. Charalambakis

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The Fed : The Inside Story of How the World's Most Powerful Financial Institution Drives the Markets

Published in Hardcover by Free Press (11 June, 2001)

Author: Martin Mayer

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Martin Mayer's engaging examination of the much-talked-about but little understood U.S. Federal Reserve begins with the dramatic events of October 1998, a month in which the market closed "lock limit down" for the first time in almost a decade. At the same time, Alan Greenspan, the Fed's chairman, began radically reinventing his agency's role and its influence on the market. Indeed, while most of the rest of the world's countries were diminishing the role of their central banks, Congress was granting new powers and responsibilities to the Fed. Mayer's book--part history, part journalistic report, and all detailed analysis--looks at the significance of those powers, their benefits and risks, and what they mean to the markets. He also devotes chapters to the day-to-day inner workings of the Fed, its influence in international financial matters, and its possible role in coming years.

As a prolific author and respected economics scholar, Mayer has been immersed in the financial world for decades and provides both bird's-eye and long-range views of money's complicated maneuverings. Without his excellent storytelling abilities and fluid writing style, this book would be heavy going for anyone who doesn't speak the language of high finance. Though it is most definitely dense (and its structure somewhat erratic), Mayer manages to make a complicated subject accessible for those with more interest than actual knowledge. An informative look at a hitherto enigmatic but influential institution. --S. Ketchum

Average review score:

Badly written, packed with information

I bought this book in a bookstore, thinking it looked interesting. The testimonials seemed convincing. I wish I'd read these reviews first. Although the book clearly offers a wealth of information, I found it annoying to read. The author repeatedly interjects long parenthetical expressions in the middle of his sentences. By the time you reach the end of the sentence, it's hard to remember what he was trying to say. At times, it struck me as a stream-of-consciousness approach, or just laziness on the part of his editor. The problem isn't that the material is challenging. I have an MBA and expect to be challenged in books about banking and finance. But I expect far better writing than this. Mr. Mayer likely is a superb reporter and researcher, but in my view, his writing needs a heavier hand from an editor. I only read about 30 pages before tossing the book in the trash can. I hope to remember not to buy any more of his books by accident.

Misleading Title

My main problem with this book is that the title really should have been "A Detailed History of The Fed." I think I was looking more for what the title implied, a book with a focus almost exclusively on modern times, and concentrating on the relationship between Fed actions and economic reactions. If this is what you, too, are seeking, don't read this book.

A secondary problem is that the recitation of Fed history that comprises nearly the entire book is almost unbearably dry.

This book's main (only?) good point is its detail. I personally found the amount of detail excessive and boring, but I can't fault the author for completion: the history that this book contains is broad and well-researched.

The Inside Story of the Fed, Just Like it Says

This book will be enjoyed by those who want to see the Fed as a very human institution with its own quirks and foibles. It helps to add a dimension of knowledge about the Fed that is hard to get anywhere else.

If you are a hard core economist with strong political views or an ardent fan of Friedman or Greenspan you won't like it. It shows the human side of many of the major figures.

I thought it was well done and enjoyed it immensely. I have read most of the major books on the Fed and read their open market operations briefs every day, and spend a lot of time on the various Fed websites.

This book is generally sound, and although there are those who would tend to dismiss Mayer, as he is not an economic scholar, the great strength of this book is that Mayer realizes that the Fed is not a university seeking truth. It is a political and financial institution not above the day to day fray, with its own sort of organizational politics.

I have also read most of the major books about Greenspan, and this one adds a dimension to his persona that connected the dots for me.

Financial Geography: A Banker's View (Routledge International Studies in Money and Banking)

Published in Hardcover by Routledge (01 November, 2003)

Author: Risto Laulajainen

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Fear, Greed and the End of the Rainbow: Guarding Your Assets in the Coming Bear Market

Published in Paperback by Key Porter Books (01 March, 1998)

Authors: Andrew Sarlos and Patricia Best

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Average review score:

Prophetic

I read this book in 1998 and moved out of stocks because of it. Thank You Mr. Sarlos.

I only wish Mr. Sarlos was still with us to give his insight on the current market.

As of January 2003, the market is only back to the level it was at the time Mr. Sarlos wrote this book and ringing the alarm bell !!!

Do we still have this much further to fall ?

Dow 4000 in 2005, Mr. Sarlos ???

Andy Sarlos RIP

In response to a previous reviewer's query - Andy Sarlos died a few years ago.

I bet Alarminst Drivel is BRANKRUPT now !! (hahahahh)

HA!! read last review,

> The main concern with people like this (and Rifkin, et al) is that they don't recognize that technology represents a new paradigm and that traditional stocks need new metrics

what a CLASSIC sign of top,,written in Jan 2000. This investor is clearly broke now, losing all profits, and then some. Looks like the author gets the last laugh here.