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joeyostjr

181 Posts

Posted - 07/01/2008 :  8:32:30 PM
Got on a reading kick lately. Any good books that you can recommend that deal with the economy, wall street, interest rates, or anything dealing with money and the flow of it?

Just got done reading Free Lunch by David Johnston. Mainly about how governments subsidize companies like Walmart or the Yankees( new stadium) but the tax payers get the shaft.

Thanks!
ichibanbroker

705 Posts

Posted - 07/01/2008 :  8:58:55 PM
The Holy Bible.
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racerx

11450 Posts

Posted - 07/01/2008 :  9:05:22 PM
This reminds me of Nico. Since he doesn't post that often, I did a search for you. This is what he had to say previously:

One of my favorites is called Securitization by Andrew Davidson.

Derivatives: Markets, Valuation and Risk Management by Robert Whaley is a good one.

Credit Risk: Models and Management by David Shimko

Collateralized Debt Obligations and Structured Finance: New Developments in Cash and Synthetic Securitization by Janet Tavakoli
joeyostjr

181 Posts

Posted - 07/01/2008 :  9:22:53 PM
Might need the bible!

Thanks
cspatmon

2142 Posts

Posted - 07/01/2008 :  9:24:23 PM
Yes I agree Holy Bible.
oldmlb

138 Posts

Posted - 07/01/2008 :  10:15:34 PM
Bible - Two Thumbs Up!

The Road To Serfdom
-Friedrich Hayek
Csolorzano

163 Posts

Posted - 07/01/2008 :  10:18:01 PM
Suicide, published in 1988, Earl A. Grollman, I have followed the numbers as the economy worses the numbers increase.
Csolorzano

163 Posts

Posted - 07/01/2008 :  10:18:37 PM
worsens
visionmtg

542 Posts

Posted - 07/01/2008 :  10:22:55 PM
Happy Pocket Full of Money
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rtrefflich

3414 Posts

Posted - 07/01/2008 :  10:36:54 PM
Anything by Robert Reich is a great read, he was Clinton's secretary of labor and has great insight on his blog as well.
oldmlb

138 Posts

Posted - 07/01/2008 :  10:45:37 PM
The world's shortest economist.
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ML

3019 Posts

Posted - 07/01/2008 :  11:10:14 PM
Zero Sum Society- Lester Thurow-former dean of the MIT Sloan School of Management,
200pgs, easy read, interesting

The Zero-Sum Society offers a classic set of recommendations about the best way to balance government stewardship of the economy and the free-market aspirations of upwardly mobile Americans.

Inside Job -Pizzo, Fricker, Muolo- Facinating book about S&L Crisis written by Mortgage Banking experts. Paul Muolo is now editor of the National Mortgage News.

This is a very good read in light of current events with the mortgage lending crisis. One will find creepy, even shocking similarities. The bottom line is the same - poorly written loans (given to an elite group in the S&L case) with no real, credible basis for believing they would be repaid - shoddy underwriting, shoddy controls, shoddy monitoring, weak regulation/deregulation/regulation with no teeth [which is always exploited by those opportunistic few who quite literally make a living as con artists (criminals)], massive interference by the rich and connected.

The Omnivore's Dilemma, Pollan, Michael; Bennington College grad. Sister and brother-in-law have a house down the road from me.
If you liked Free Lunch, you'll like this!

Pollan's discussion of the industrial food chain is in large part a critique of modern agribusiness. According to the book, agribusiness has lost touch with the natural cycles of farming, wherein livestock and crops intertwine in mutually beneficial circles. Pollan's critique of modern agribusiness focuses on what he calls the overuse of corn, for purposes ranging from fattening cattle to massive production of corn oil, high-fructose corn syrup, and other corn derivatives.

joeyostjr

181 Posts

Posted - 07/02/2008 :  07:49:10 AM
Thanks!
UPINARMS

112 Posts

Posted - 07/02/2008 :  08:35:35 AM
Heres a book I read in Oct 2006

"America's Bubble Economy".
Dead on. One of the guys who wrote it is from itulip.com and they nailed the dot.com bubble early also.
crankyusi

660 Posts

Posted - 07/02/2008 :  08:49:47 AM
Picture of a blind-folded monkey throwing darts.
GianniD

215 Posts

Posted - 07/03/2008 :  06:05:03 AM
Basics of Economics, by Thomas Sowell. Been almost 25 yrs since I took micro and macro Econ, but, the first few chapters are dusting off some of what I learned back then.

Also, anything, even columns, written by Larry Kudlow. Kudlow has put 10's of 1000's of dollars in my pocket over the last 10 yrs. I even tape every Kudlow and Co, even if I dont watch or skim through it til the following weekend.
joeyostjr

181 Posts

Posted - 07/03/2008 :  10:15:28 AM
I like Kudlow and Ben Graham. Anybody Buffett gained insight from is ok in my book.
BrokerCA

2425 Posts

Posted - 07/03/2008 :  12:46:17 PM
Against the Gods: The Remarkable Story of Risk

Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.
ichibanbroker

705 Posts

Posted - 07/03/2008 :  1:08:16 PM
Wow, it sounds very interesting. I am going to purchase this book. Thanks for sharing.

quote:
Originally posted by BrokerCA

Against the Gods: The Remarkable Story of Risk

Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.

frank drigotas j

1518 Posts

Posted - 07/03/2008 :  1:11:52 PM
brokerca,

That sounds like a worthwhile read.

I'm impressed, not that you have to impress me.

I am on my way (internet) to buy a copy.

Thanks.


dollar
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CoralSnake

10880 Posts

Posted - 07/03/2008 :  1:22:58 PM
quote:
Originally posted by neo-logic

If you haven't already ... get back to basics.

Go to your local college and pick up a microeconmics and macroeconomics book and dig into it.

That would be the best way to begin.
joeyostjr

181 Posts

Posted - 07/03/2008 :  2:18:13 PM
got my bn.com shopping cart full.

thanks
mojojojo_1

846 Posts

Posted - 07/03/2008 :  3:28:30 PM
for economics this is the bible
wealth of nations
reichone

99 Posts

Posted - 07/03/2008 :  3:34:44 PM
quote:
Originally posted by rtrefflich

Anything by Robert Reich is a great read, he was Clinton's secretary of labor and has great insight on his blog as well.



Roger that...
StayInHomeGuy

281 Posts

Posted - 07/03/2008 :  3:40:23 PM
Missed Fortune

Douglas R Andrew

My Uncle, a financial planner, gave me this book when I was in college.

It has more to do with building wealth and personal finance, but a good read nontheless.
jbelman

254 Posts

Posted - 07/03/2008 :  3:47:34 PM
quote:
Originally posted by joeyostjr

Got on a reading kick lately. Any good books that you can recommend that deal with the economy, wall street, interest rates, or anything dealing with money and the flow of it?

Just got done reading Free Lunch by David Johnston. Mainly about how governments subsidize companies like Walmart or the Yankees( new stadium) but the tax payers get the shaft.

Thanks!



What is the overall deal with this book. ANything more about it.
joeyostjr

181 Posts

Posted - 07/03/2008 :  3:57:37 PM
Its a good read simply becuase no one has touched on it. He is a pulitzer prize winner on 2 previous books one being "Perfectly Legal".

Should have mentioned in my previous post there is a chapter on Title insurance and how bogus it can be. Also I can't tell what side he is on politically which I think is a great thing when it involves a book. He simply goes over facts and seems not to lean toward one side or the other. Well the side he does lean on is the tax payer which is ok in my book. Basically how the tax payer pays for almost anything and everything is the overall premise. Interesting read for sure and highly recommend!
Scrooge McDuck

8837 Posts

Posted - 07/03/2008 :  4:44:04 PM
horton hears a who is a great read.
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darkstar

18289 Posts

Posted - 07/03/2008 :  4:45:00 PM
How to win friends and influence people
jbelman

254 Posts

Posted - 07/03/2008 :  4:47:40 PM
quote:
Originally posted by joeyostjr

Its a good read simply becuase no one has touched on it. He is a pulitzer prize winner on 2 previous books one being "Perfectly Legal".

Should have mentioned in my previous post there is a chapter on Title insurance and how bogus it can be. Also I can't tell what side he is on politically which I think is a great thing when it involves a book. He simply goes over facts and seems not to lean toward one side or the other. Well the side he does lean on is the tax payer which is ok in my book. Basically how the tax payer pays for almost anything and everything is the overall premise. Interesting read for sure and highly recommend!



Thanks AMIGO !
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