January 6, 2010

Book: The Ascent of Money / Niall Ferguson

Subtitle : A Financial History of the World.


The author Niall Ferguson sometimes appears CNN podcast program of Fareed Zakaria, editor of Newsweek.

The hardback edition is published on November 2008, just after Lehman Shock.
Ferguson was talking about the future of American economy in Fareed's podcast at that time, being asked by Fareed " Is it  like the lost decade in Japan?",  replied " This is a better scenario".

Fareed is rather optimistic. He says American economy recovers already in resent interview.

I'm not sure which is right, but I feel we have to suffer this situation a little more.

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