Current reading: Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America, by Greg Farrell. Quite interesting. I'll likely have some discussion of this book down the road.
Recent reading: Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System, by Barry Eichengreen, whose work I've touched on here and here. This book is a well-reasoned and well-informed look at a subject that often generates poorly reasoned and poorly informed commentary. One worthwhile review is at The Economist.