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The Alchemists: Three Central Bankers and a World on Fire

The Alchemists: Three Central Bankers and a World on Fire - Neil Irwin A solid overview of the recent financial troubles tying the U.S. financial problems with others around the globe. The Book's main treatise is that there is only one World financial crisis. We are all so financially interrelated in as strong a gordian knot as ever to have existed- that there is no possible way to view any country's troubles as uniquely their own. And yet the three bankers,Ben Bernanke at the Federal Reserve, Mervyn King at the Bank of England and Jean-Claude Trichet at the European Central Bank, continue to do just that. Putting out local fires in an pitiful attempt to put out a worldwide conflagration. It is only late in the financial crisis after much too much damage has been inflicted do these three try to change their approach.

A caustic tale of the ways in which isolationist financial policies are woefully inadequate.