I’m reading Aftershock the very good new book by Philippe Legrain. It address the question of what will happen next now that the immediate crisis caused by the housing bubble in the US and the UK has subsided.

Ironically I’m using a Zimbabwe One Hundred Trillion Dollar note as a bookmark while reading this book about the failure of central banks and regulators.  It is worth reading if you can find a copy.  It is not available in the US yet but you can buy a used copy or a Kindle version from Amazon.com/UK.  Legrain sees the future well enough that he predicted last year  that the banks in Ireland were ripe for failure.  The book is full of this type of sensible extrapolation.

I heard about Legrain because he wrote a very good immigration book a few years ago.  Immigrants Your Country Needs Them