Description
Book SynopsisTough times are ahead and Talbott argues that the coming recession will be on a global scale, affecting economies across the world. We have had no real growth in GDP for the last ten years if purchases with government and personal debt are excluded.
Table of ContentsPreface.
Chapter 1 Bamboozled.
Chapter 2 What Didn't Cause the U.S. Housing Boom and Bust.
Chapter 3 What Did Cause the U.S. Housing Boom and Bust.
Chapter 4 The Contagion Spreads from Subprime to Prime.
Chapter 5 How Low Will Housing Prices Go in the U.S.?
Chapter 6 The U.S. Economy Was Not in Great Shape to Begin With.
Chapter 7 The United States Enters a Long Recession.
Chapter 8 The Global Economy Catches the Contagion.
Chapter 9 Too Big to Fail—The $400 Trillion Derivatives Market.
Chapter 10 Local Governments Feel the Pinch.
Chapter 11 From Wall Street to Main Street.
Chapter 12 Demographics Magnify Contagion.
Chapter 13 Which Investments and Which Countries Will Weather the Storm the Best?
Chapter 14 Stop the Bleeding.
Chapter 15 No Future without Reform.
Chapter 16 A Warning Shot Across the Bow.
References.
About the Author.
Index.
