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Books on markets meltdown
in high demand
By
Parveen Chopra
New
York, Oct 14 (IANS) As bookshop chains rush to create front-of-store
displays featuring finance or personal finance titles to address
widespread public anxiety, Charles Morris's "The Trillion
Dollar Meltdown", which predicted market turmoil
caused by subprime mortgages and Wall Street greed, is among
the five titles most favoured by readers.
David
Smick's "The World is Curved" which cited
the mortgage crisis as an early indicator of further problems
ahead; George Soros's "The New Paradigm for Financial
Markets", which looks at past crises and their significance
for future events, are also among the five, according to Michael
D'Agostini, business-book buyer for Borders Group, second
largest bookstore chain in US after Barnes and Noble.
The
other two titles in D'Agostini's list cited by Wall Street
Jounral are: Kevin Phillips's "Bad Money",
which examines the state of the dollar, credit issues, and
the world market; and Peter Schiff's "Crash Proof",
which warned of a coming crisis and suggested how consumers
could protect themselves. He said a range of customers have
come into the chain's bookstores in recent days seeking financial
guidance.
Barnes
& Noble, the nation's largest book retailer, has sent
a list of titles appropriate for the current crisis to its
nearly 800 store managers, and has suggested they set up displays
where appropriate. The chain has also reported sales of such
titles going up.
No
book as yet are available on the events of the past few weeks
- several may be in the works - there are plenty out there
that predict a collapse and provide advice to investors about
how to prepare for tough times.
Indo-Asian
News Service
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