Financial Alchemy in Crisis: The Great Liquidity Illusion

by Anastasia Nesvetailova

In July 2007, the combination of a seemingly unstoppable rise in house prices and bullish banks swimming in liquidity meant that almost anyone could get a mortgage in the UK or US. Little more than a month later the supply of credit dried up practically overnight, leaving the world wondering how bank liquidity could suddenly vanish.

In Financial Alchemy, Anastasia Nesvetailova shows that this liquidity never actually existed. The...

• Format: Paperback
• Language: English
• ISBN: 0745328776
• ISBN13: 9780745328775
• Release Date: July 2010
• Publisher: Pluto Press (UK)
• Length: 204 Pages
• Weight: 0.60 lbs.
• Dimensions: 0.5" x 5.3" x 8.3"