Quantitative Wheezing

When on 15 September 2008 the news broke that Lehman Brothers had filed for the largest Chapter 11 bankruptcy in US history I knew that financial war had been declared. Although I had no idea what the full consequences might be I had a greedy need to learn and a gut feel that only by recording the most salient events to come would this need be assuaged. For a full year from October 2008, I assiduously logged events until QE, T1 ratio, monetary and fiscal stimulus and those funny packaged debts mingled with the cornflakes for breakfast. Quantitative Wheezing tells the story of how this crisis year unfolded. It objectively and in plain English shows how we were all taken for a ride by a load of greedy people whose legacy to our grandchildren will be no less destructive than the events of 1939 and the years that followed.