Want to know what books Robert Kiyosaki recommends on their reading list? We've researched interviews, social media posts, podcasts, and articles to build a comprehensive list of Robert Kiyosaki's favorite book recommendations of all time.
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Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown.
Drawing on in-depth reporting and... more Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown.
Drawing on in-depth reporting and exclusive interviews at the highest rungs of Wall Street and Washington, Time assistant managing editor and economic columnist Rana Foroohar shows how the “financialization of America” - the trend by which finance and its way of thinking have come to reign supreme - is perpetuating Wall Street's reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream.
Policy makers get caught up in the details of regulating “Too Big To Fail” banks, but the problems in our market system go much broader and deeper than that. Consider that:
· Thanks to 40 years of policy changes and bad decisions, only about 15 % of all the money in our market system actually ends up in the real economy – the rest stays within the closed loop of finance itself.
· The financial sector takes a quarter of all corporate profits in this country while creating only 4 % of American jobs.
· The tax code continues to favor debt over equity, making it easier for companies to hoard cash overseas rather than reinvest it on our shores.
· Our biggest and most profitable corporations are investing more money in stock buybacks than in research and innovation.
· And, still, the majority of the financial regulations promised after the 2008 meltdown have yet come to pass, thanks to cozy relationship between our lawmakers and the country’s wealthiest financiers.
Exploring these forces, which have have led American businesses to favor balancing-sheet engineering over the actual kind and the pursuit of short-term corporate profits over job creation, Foroohar shows how financialization has so gravely harmed our society, and why reversing this trend is of grave importance to us all. Through colorful stories of both "Takers” and "Makers,” she’ll reveal how we change the system for a better and more sustainable shared economic future. less 
Robert KiyosakiShe’s talking about how business schools teach students, the best and brightest business students in America and the world, they teach them to manipulate the stock market, not to grow businesses. That’s why I dropped out of business school. They’re teaching kids to be financial engineers, which creates derivatives, and all these toxic things. Student loan debt and all this. But they don’t teach... (Source)
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From Mohamed A. El-Erian, one of the key thinkers of our time and the #1 New York Times bestselling author of When Markets Collide, comes a roadmap to the increasing economic and financial volatility that lies ahead, and the choices we face both individually and collectively. Our current economic path, which has relied so heavily on finance, is coming to an end. But where we go when we reach this inflection point—toward renewed growth and prosperity, or toward increased malaise and financial chaos—is not predestined. It is up to us. Provocative and illuminating, The Only Game... more From Mohamed A. El-Erian, one of the key thinkers of our time and the #1 New York Times bestselling author of When Markets Collide, comes a roadmap to the increasing economic and financial volatility that lies ahead, and the choices we face both individually and collectively. Our current economic path, which has relied so heavily on finance, is coming to an end. But where we go when we reach this inflection point—toward renewed growth and prosperity, or toward increased malaise and financial chaos—is not predestined. It is up to us. Provocative and illuminating, The Only Game in Town is essential reading for investors and anyone interested in markets, economics, banking, or our global future. less Robert KiyosakiI think [Mohamed A. El-Erian] is one of the smartest guys in the world. We’re going to crash... El-Erian is saying the same thing. He’s saying we have less than three years. He’s saying we’re at a T-junction in the economy. A T-junction means the end of the road. We cannot keep doing what we’re doing. Something is going to force us to change. And what [El-Erian is] talking about is the Fed and... (Source)
Dan Nathan@GuyAdami @NorthmanTrader @DA_Stockman @elerianm He literally wrote the book on it. Great read btw. https://t.co/XBNv7wLYep (Source)
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