You know the world is in big trouble when Hong Kong’s top finance official recommends reading books on understanding financial crises.
In a magazine interview, Financial Secretary John Tsang Chun-wah suggested four books that would give readers an understanding of current economic problems affecting the world.
This Time Is Different: Eight Centuries of Financial Folly by Carmen Reinhart and Kenneth Rogoff was his first pick.
He also suggested The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession, From Asian to Global Financial Crisis and When Markets Collide.
But it’s not all gloom and doom. Tsang says he is a fan of Chinese martial arts novels and revealed that he attended a concert by Cantopop star Aaron Kwok Fu-shing.
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