Word: erdman
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...HOLLYWOOD HUSBANDS, Collins 5 8 FLIGHT OF THE INTRUDER, Coonts 7 9 THE PANIC OF '89, Erdman -- 10 SHAN, Van Lustbader -- NONFICTION 1 FATHERHOOD, Cosby 1 2 A SEASON ON THE BRINK, Feinstein 6 3 THE ROTATION DIET, Katahn 3 4 MCMAHON!, McMahon 2 5 MEN WHO HATE WOMEN...
...world's economy did not collapse as Paul Erdman envisioned ten years ago in his geopolitical thriller The Crash of '79. And where is the return of runaway inflation that he hypothesized for the mid-'80s in The Last Days of America (1981)? Both scenarios have, for the moment, been upstaged by the selective prosperity of Reaganomics. But like many well-known experts, Erdman continues to prosper by being wrong. His writing career was in fact launched by an international banking blunder. That was in 1970, when he was vice chairman of the United California Bank in Basel, where officials...
...Erdman, who has a degree from the Georgetown University School of Foreign Service and a Ph.D. in economics from the University of Basel, did what many other gifted men have done when confronted with enforced leisure. He wrote a novel. The Billion Dollar Sure Thing (1973) involved the President of the U.S. and his Secretary of the Treasury in a frantic effort to save the international monetary system. It was short on narrative technique but long on expertise. There was no panting sex, and the sharks wore three-piece suits. Yet Erdman, like Bernie Cornfeld, another tarnished golden...
...Erdman formula for economic disaster is not foolproof. Despite their Rent-a-Wreck plots and Who's Who characters, his books about high finance require more concentration than is usually applied to mass-market fiction. Mixing dollars and sensibility is the problem with fiscal novels in general, and Erdman's The Panic of '89 in particular...
Many small businesses fear that branches of big chains will take local savings deposits but not lend them back to firms in the community. "In rural Minnesota, many banks lend money on a handshake," says Daryl Erdman, the Minnesota supermarket owner. "Even if a guy's financial statement is a mess, the banker knows he's good for it. What happens if Chase Manhattan puts a brand-new East Coast M.B. A. in here...