Synopses & Reviews
“Talbott is an oracle with a track record: His previous books predicted the collapse of both the housing bubble and the tech-stock binge before it.”—Bloomberg.com
“Talbott gives fiscal politics a shot of excitement and, yes, hope.”—Publishers Weekly
Investors and citizens around the world realize, as never before, that we were misled—lied to—about the stability of our financial system. But what now?
The 86 Biggest Lies on Wall Street exposes the lies and then exposes us to the truth of what it will take to rebuild our economy. As a former investment banker at Goldman Sachs, John R. Talbott knows firsthand how the financial system operates and how to fix it. As the “oracle” who predicted the housing crisis in his 2003 book, The Coming Housing Crisis, and called the election for Obama when the senator from Illinois was still the underdog (Obamanomics), Talbott’s revelations about how Wall Street really works are as clear-eyed and undeniable as his predictions and recommendations for our economic future are tough, sensible, and exciting. We may ignore them at our peril.
John R. Talbott is the author of six previous books on economics and politics, including, most recently, Obamanomics: How Botton-Up Economic Prosperity Will Replace Trickle-Down Economics and Contagion: The Financial Epidemic That is Sweeping the Global Economy . . . and How to Protect Yourself from It. He has written for The Wall Street Journal, The Financial Times, The Boston Globe, San Francisco Chronicle, Buzzflash.com, and Alternet, and he has appeared as a commentator on CNN, Fox, CNBC, CBS, and MSNBC.
Review
When John Talbott’s controversial book, The Coming Crash in the Housing Market, hit store shelves in 2003, the real estate industryand everyone else who stood to profit from the dizzying rise in U.S. home pricesgave it a hostile reception...So, with subprime mortgage losses and credit woes now the No. 1 topic in the markets, what does the former Goldman Sachs investment banker see next for the housing market and the U.S. economy?” Toronto Globe & Mail, September 14, 2007
Talbott is the author of two books that more or less foretold the pain homeowners are now experiencing. . . . So far, many of John Talbott’s predictions have been spot on.” Newsweek, 2007
Synopsis
How strong was the American economy going into the present crisis? How strong will it be a year from now? How about five years from now? Investors and citizens around the world realize, as never before, that we were misled—lied to—about the stability of our financial system. But what now?
John R. Talbott's ingenious new book, The 86 Biggest Lies on Wall Street, exposes the lies and then exposes us to the truth of what it will take to rebuild our economy. As a former investment banker at Goldman Sachs, Talbott knows firsthand how the financial system operates and what it will take to fix it. As the "oracle" who predicted the housing crisis in his 2003 book, The Coming Crash in the Housing Market, warned of a global banking crisis in his 2006 book, Sell Now, and called the election for Obama when the senator from Illinois was still the underdog in Obamanomics, Talbott' s revelations about how the Street and the economy really work are as clear-eyed and undeniable as his predictions and recommendations for our economic future are tough, sensible and exciting. We may ignore them at our own peril.
What will people be talking about in years to come? To find out, read John Talbott now.
Synopsis
Talbott, a former investment banker, exposes the lies that led to Wall Street's--and America's--financial crisis and then exposes the truth of what it will take to rebuild the economy.
Synopsis
Best-selling author and former investment banker John R. Talbott exposes the biggest myths about investing and the financial crisis.
About the Author
A former investment banker for Goldman Sachs, JOHN R. TALBOTT is the author of seven books on economics and politics, including The Coming Crash of the Housing Market, Obamanomics, Contagion, and The 86 Biggest Lies on Wall Street. He has appeared on CNN, Fox News, CNBC, CBS Marketwatch and written for the Wall Street Journal, the Financial Times, and the Boston Globe.