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The Amazon Store at MillionDollarPetPix.com ( In association with Amazon.com )The World Is Curved: Hidden Dangers to the Global Economyby: David M. Smick  List Price: $26.95 Amazon.com's Price: $17.79 You Save: $9.16 (34%)Prices subject to change. Availability: Usually ships in 24 hours
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Binding: HardcoverDewey Decimal Number: 337 EAN: 9781591842187 ISBN: 1591842182 Label: Portfolio Hardcover Manufacturer: Portfolio Hardcover Number Of Items: 1 Number Of Pages: 272 Publication Date: September 04, 2008 Publisher: Portfolio Hardcover Studio: Portfolio Hardcover Related Items:
Browse for similar items by category: Click to Display Editorial Review: Product Description: David Smick keeps a low profile, but experts consider him one of the most insightful financial market strategists in the world. For more than two decades, he has conferred with central bankers (such as Alan Greenspan and Ben Bernanke) and advised top Wall Street executives and investors, from George Soros to Michael Steinhardt to Stan Druckenmiller. Political leaders (from Bill Bradley to Jack Kemp) have regularly sought his policy advice. The World Is Curved picks up where Thomas Friedman’s The World Is Flat left off, taking readers on an insider’s tour through the private offices of central bankers, finance ministers, even prime ministers. Smick reveals how today’s risky environment came to be—and why the mortgage mess is a symptom of potentially far more devastating trouble. He wrestles with the two questions on everyone’s mind: How bad could things really get in today’s volatile economy? And what can we do about it? Drawing on riveting anecdotes in language anyone can understand, Smick explains: • Why the churning cauldron we call China (the next great bubble to burst) represents a powerful threat to everyone’s pocketbook • How Japanese housewives have taken control of their nation’s savings, and why it matters to us • How greed-driven bankers and investment bankers have put everyone’s pensions and 401(k)s at risk • Why today’s “incredible shrinking central banks” may not be able to save us when the next crisis hits • Why the big-money Russian, Chinese, Saudi, and Dubai sovereign wealth funds represent a tectonic shift in global financial power, away from the United States, Europe, and Japan • Why the world desperately needs a “big think” financial doctrine to guide today’s dangerous ocean of money The World Is Curved is the rare book that speaks simultaneously to the Wall Street, Washington, and London elite, yet its apt storytelling shows Main Street readers how to survive in these turbulent times. Average Rating:
 Rating:  - Don,t waste your money.Mr Smick's book is so full of obvious contradictions and disconnected propositions leading to illogical conclusions, that it is funny. The only things he omitted are cartoons to illustrate the ridiculous text. If your I.Q. is above 50, you might want to skip this one unless you would like to see the kind of thinking that got us into the mess we're in. Also, you might want to Google the guys who recommend this book and the people he calls entrepreneurs. Rating:  - InsightfulVery informative book. Provided excellent insight into China and the possible pitfalls that every investor should consider. Also, the chapter on Japan was of significance especially given the parallels of their crisis and now ours. Hopefully, the US will not make the same mistakes, but after reading the book one realizes that the government and private sector actions and rhetoric are earily similar to the mistakes of Japan's lost decade. Rating: - The biggest threat: the demise of globalization. Read why...Within the books I have read about financial crises, the authors develop one core analytical concept. For Morris in the excellent The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash the concept is the over leveraged hedge funds supporting the securitized credit markets. And, how their demise may cause crashes in commercial real estate, credit cards, etc... For Kindleberger in his outstanding Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment ... Read More Rating:  - a big bunch of interesting ideas, not worth the moneyOverall I enjoy the many interesting discussions in the book on macro-economics, international finance and issues on public policy decision making. But the materials presented by the author often lack clear direction. You will find the author presents a large number of ideas without giving a clear conclusion or summary at the end of the chapters. After I read through each chapter, although interesting, I had a sense of not knowing what exactly I just learnt. May be this is the nature of macro-economic ... Read More Rating: - Not because of content....I wouldn't know whether this book is good or not. The reader seemed adequate, if not terrific. But, 3 of the first 5 discs had flaws and skipped and sputtered and made whole sections incomprehensible. We had a car trip ruined. 
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