The economist Raghuram Rajan was one of the prophets at the central bankers' conference where Alan Greenspan was present in 2005 and presented his paper asking: "Has financial development made the world riskier?" The answer to this question in Rajan's mind was yes, but for all other critics it was no, despite the most recent events; that of the 2008 crisis proved him right. Rajam then wrote a 2010 Business Book of the Year and a Financial Times Book of the Year titled "Fault Lines - How Hidden Fractures Still Threaten the World Economy". The author uses a geographical reference in the title of his book to demonstrate that there are cracks in the financial sector that led to the 2008 global crisis. Before becoming a professor at the University of Chicago, Raghuram was chief economist at the International Fund monetary (IMF), so its outlook and outlook is on a global scale rather than just focusing on the United States. It takes an approach that includes patterns and growth rates in developing countries and other financial crises to help the reader understand what is happening in the United States. Rajan discusses three major fault lines in the financial sector; The first concerns internal political tensions, especially in the United States. Since 1991, Rajan argues that recessions have mostly been “jobless,” where there are more jobs lost than created and inefficient jobs are lost due to the rise of technology. Politicians look for a quick fix to unemployment and offer easy solutions such as lower interest rates, promoting home ownership instead of solving the root cause (improving education and retraining employees). Along with a weak safety net, there is more unemployment anxiety and possible... paper means ......ter to help the reader relate more to the problem they will face. This is a strength as it is able to capture audiences and allow them to relate to its stories and compare them to what happened in the run-up to the crisis and beyond. I would highly recommend readers indulge in this fantastic book as it is essential reading for those interested in US real estate markets, real estate credit, or finding out what key fault lines led to the disastrous 2008 crisis. Outlining his perspective and his views on why the global crisis went south, he was able to defend his cause convincingly and also offered moral guidelines for solving the problems of the economy. Overall, as an economist, his overall thinking and responsible way of approaching problems are ultimately impressive and superior to other economists..