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Books on meltdown grab most eyeballs

business Updated: Oct 14, 2008 21:38 IST
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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. 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.

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.

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