Судный день Американских финансов : мягкая депрессия XXI века

'History shows that people who save and invest grow and prosper, and the others deteriorate and collapse. As Financial Reckoning Day demonstrates, artificially low interest rates and rapid credit creation policies set by Alan Greenspan and the Federal Reserve caused the bubble in U.S. stocks of the late'90s.... Now, policies being pursued at the Fed are making the bubble worse. They are changing it from a stock market bubble to a consumption and housing bubble. And when those bubbles burst, it's going to be worse than the stock market bubble... No one, of course, wants to hear it. They want the quick fix. They want to buy the stock and watch it go up twenty-five percent because that's what happened last year, and that's what they say on TV.'—Jim Rogers, author of the bestseller Adventure Capitalist from the Foreword to Financial Reckoning Day Advanced praise from bestselling authors'An investment book that will not only enlarge your investment horizon, but also make you laugh and thoroughly entertain you for a few hours.'—Dr. Marc Faber, author of the bestseller Tomorrow's Gold'Financial Reckoning Day is... in the category of scintillating sex or good vision, something to be savored and enjoyed-before it is too late.'—James Dale Davidson, author of the bestseller The Great Reckoning and The Sovereign Individual'A powerful and insightful vision... each paragraph stimulates a new rush of thoughts that fills in gaping holes in the investor's understanding of what has happened to their dreams... while prepping them to confront any new confusion that may arrive.'—Martin D. Weiss, author of the bestseller Crash Profits Is the U.S. economy turning Japanese? According to maverick investment writers Bill Bonner and Addison Wiggin, the country’s current economic picture mirrors that of Japan’s decade-old "soft depression"–caused by an aging population and a structural reaction to its record-breaking financial boom. As the U.S. downturn drags on, investors want to know what’s behind it all, what’s in store, and what they can do to safeguard their investments. Financial Reckoning Day: Surviving the Soft Depression of the 21st Century helps you chart your own financial destiny in today’s precarious investing climate. Irreverent and eye-opening, this "big picture" investment book starts with a simple premise: history shows us that investing has less to do with raw economic data and new statistics–the domain of most other investment books–and more to do with old rules, metaphors, and experience. Putting this unique metaphorical focus (and its underlying principles) into action, Financial Reckoning Day draws upon military and sociopolitical milestones to highlight the surges and slides of history. Going a step further, the authors emphasize the powerful relevance of these events to today’s economic uncertainties. Brimming with down-to-earth wisdom and take-it-to-heart lessons, Financial Reckoning Day tells you: • Why the "Information Age" stock boom went bust, with sobering insights into such companies as Amazon.com, Cisco Systems, and Global Crossing • Why high-spending, high-borrowing consumerism "leveraged" the U.S. economy and what you might expect from the "soft, slow depression" in the decade ahead • Why Japan’s "miracle economy" unexpectedly collapsed and why a decade of monetary stimulus has failed to revive it • How the Civil War–and the financing of wars in general–led to the creation of the central banking system • What the legacy of Fed chief Alan Greenspan "ought" to be • How the speculative mania for John Law’s Compagnie des Indes in the early eighteenth century presaged the dot.com stock craze • How the "Aging of the West" is more likely to affect stock prices in the years to come than fiscal policy As it reveals the hazards of democratic consumer capitalism and the financial follies of history, Financial Reckoning Day warns that depressions are not necessarily a thing of the past. And that’s why it’s so vital to have an essential, wide-angle resource like this on hand . . . to get you through the current crunch–and put profits back in your portfolio. "History shows that people who save and invest grow and prosper, and the others deteriorate and collapse. "As Financial Reckoning Day demonstrates, artificially low interest rates and rapid credit creation policies set by Alan Greenspan and the Federal Reserve caused the bubble in U.S. stocks of the late 90s ... Now, policies being pursued at the Fed are making the bubble worse. They are changing it from a stock market bubble to a consumption and housing bubble. "And when those bubbles burst, its going to be worse than the stock market bubble ... "No one, of course, wants to hear it. They want the quick fix. They want to buy the stock and watch it go up twenty-five percent because thats what happened last year, and thats what they say on TV." Jim Rogers author of the bestseller Adventure Capitalist from the Foreword to Financial Reckoning Day Advanced praise from bestselling authors "An investment book that will not only enlarge your investment horizon, but also make you laugh and thoroughly entertain you for a few hours." Dr. Marc Faber, author of the bestseller Tomorrows Gold "Financial Reckoning Day is ... in the category of scintillating sex or good vision, something to be savored The Gildered Age -- Progress, Perfectibility And The End Of History -- John Law And The Origins Of A Bad Idea -- Turning Japanese -- The Fabulous Destiny Of Alan Greenspan -- The Era Of Crowds -- The Hard Math Of Demography -- Reckoning Day : The Deleveraging Of America -- Moral Hazards. William Bonner With Addison Wiggin. Published Simultaneously In Canada. -- T.p. Verso. Includes Bibliographical References (p. 285-290) And Index. "James Dale Davidson author of the bestseller The Great Reckoning and The Sovereign Individual "A powerful and insightful vision ... each paragraph stimulates a new rush of thoughts that fills in gaping holes in the investors understanding of what has happened to their dreams ... while prepping them to confront any new confusion that may arrive." Martin D. Weiss, author of the bestseller Crash Profits This pair of maverick investment writers shows that the key to surviving a soft depression is not collecting and analyzing current market data. Instead, if Americans want to plow through their financial woes and put some muscle back in their portfolios, they must look to the follies of the past The Gildered Age Progress, Perfectibility, and the End of History John Law and the Origins of a Bad Idea Turning Japanese The Fabulous Destiny of Alan Greenspan The Era of Crowds The Hard Math of Demography Reckoning Day: The Deleveraging of America Moral Hazards Notes Bibliography Index Sometime in the late 1990s, Gary Winnick-chairman of the then $47 billion enterprise, Global Crossing (GC)-did something unusual.