*BOOK SUMMARY*
TITLE - This Time Is Different: Eight Centuries of Financial Folly
AUTHOR - Carmen M. Reinhart
DESCRIPTION:
📖 Reinhart and Rogoff's book, This Time Is Different, challenges the idea that financial crises are unique and unpredictable. Drawing on centuries of data, they show that crashes occur with surprising frequency and ferocity and offer insights into some of the world's most significant financial events.
TIMESTAMPS:
⌚ 00:00 Introduction
⌚ 01:07 The Danger of "This Time is Different" Mindset in the Economy
⌚ 01:59 Financial Crises Throughout History
⌚ 02:34 The Dangers of Currency Devaluation
⌚ 03:41 Crisis Prevention Measures
⌚ 04:19 Final Recap
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