Financial Reckoning Day
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Cost
Paid
Published
2003
Updated
2007
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Financial Reckoning Day: Surviving the Soft Depression of the 21st Century
Financial Reckoning Day draws upon military and sociopolitical milestones to highlight the surges and slides of history. It emphasizes the powerful relevance of these events to today’s economic uncertainties. As it reveals the hazards of democratic consumer capitalism and the financial follies of history, this book warns that depressions are not necessarily a thing of the past. Brimming with down-to-earth wisdom and take-it-to-heart lessons, Financial Reckoning Day gets you through the current crunch and put profits back in your portfolio.
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