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From: Lynn McGuire <lynnmcguire5@gmail.com>
Newsgroups: rec.arts.sf.written
Subject: Re: the future long term financial apocalypse of the USA
Date: Fri, 10 May 2024 18:50:29 -0500
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On 5/10/2024 6:14 PM, William Hyde wrote:
> Lynn McGuire wrote:
>> For those who are interested in the future long term financial 
>> apocalypse of the USA, I recommend reading “The Mandibles: A Family, 
>> 2029-2047” by Lionel Shriver:
>>
>> https://www.amazon.com/Mandibles-Family-2029-2047-Lionel-Shriver/dp/006232828X/
>>
>> For those who do not like Lionel Shriver, I recommend “Distraction" by 
>> Bruce Sterling:
>>     https://www.amazon.com/Distraction-Bruce-Sterling/dp/1857989287/
>>
>> For those who just want a short term financial apocalypse of the USA, 
>> I recommend “Buck Out” by Ken Benton:
>>     https://www.amazon.com/gp/product/1514666979/
> 
> While for a look at the real financial disasters of  the past few 
> decades, as opposed  to the imagined, I recommend some books by Micheal 
> Lewis
> 
> "Liar's Poker" - about his brief career as a bond trader (far more 
> customer-hostile than stock trading) and also the beginnings of two 
> ideas that didn't need to be disasters but were, junk bonds and mortgage 
> backed securities.  You will learn why "Equities in Dallas" is an insult.
> 
> "The Big Short" - about the unscrupulous, foolish, and criminal who 
> caused the 2009 crisis, and those who saw it coming and profited by it, 
> as well as those who saw it coming and still managed to lose money. Your 
> money, if you are an American taxpayer.
> 
> Also why the bond rating agencies are staffed by people you wouldn't 
> want anywhere near your money.
> 
> "Flash boys"  How the American markets were restructured to make the 
> process even more skewed to big money, to enable what can only be called 
> stealing.  And about those who opposed this.
> 
> Two other books:
> 
> "A random walk down wall street" by Burton Malkiel.
> 
> If time travel ever takes you to the 60s, don't invest in anything that 
> ends in "tronics" unless your future knowledge tells you that this one 
> did well.  Malkiel explains why.  From the person who came up with the 
> idea of index funds.
> 
> "Bull" by Maggie Mahar.  While I don't endorse "Dow Theory", this book 
> slaughters a number of sacred cows, and points out how the financial 
> press got almost everything about the 1990s boom wrong, and tells us 
> what really happened to some oft-derided characters who did (if time 
> travel  takes you to that era, consider investing in anyone Jim Cramer 
> dismisses).
> 
> 
> William Hyde

I saw The Big Short movie.  Pretty good.

Contrarian investing has always been popular.

Lynn