Tuesday, December 13, 2016

Good name, bad book

I just finished reading “The Only Game in Town”.

Since it was authored by Mohamed El-Erian, a financial “celebrity” that hangs around all serious economic TV talk shows and has been involved with the IMF, among other institutions, I thought I would learn even more about the role of central banks and get a better grasp of their functioning, power, margin of maneuver and future options as the title led me to believe.

Instead, I was treated to a mishmash of senseless sentences and obscure words stitched together to get me 250 pages later with nothing understandable that could add to my knowledge. Gobbledygook at best plus an almost total waste of my time.

Another lesson about never to ever judge a book by its cover, all the nice compliments written about the author and the stunning reviews found on Amazon, mostly made by folks who probably didn't have the understanding, the patience or the determination to push to the end of this pointless essay.

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