It takes the average reader 2 hours and 26 minutes to read Financial Alchemy in Crisis by Anastasia Nesvetailova
Assuming a reading speed of 250 words per minute. Learn more
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 in Crisis, Anastasia Nesvetailova shows that this liquidity never actually existed. The rise of sophisticated financial instruments created what appeared to be an abundance of liquid funds but was in fact a credit pyramid. As soon as house prices stopped rising the reality was exposed. Nesvetailova's bold and radical analysis explains why the credit crisis was an inevitable consequence of entrusting the world economy to financiers who believe that they can 'create' money and wealth.
Financial Alchemy in Crisis by Anastasia Nesvetailova is 144 pages long, and a total of 36,576 words.
This makes it 49% the length of the average book. It also has 45% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 3 hours and 19 minutes to read Financial Alchemy in Crisis aloud.
Financial Alchemy in Crisis is suitable for students ages 10 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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