Description
Book SynopsisDumped On, Bond Market Spits Crises! explores the root causes of our once-a-decade crises, especially the crisis of 2007-2008. This book is not a thesis affirming the cultural doctrinaire of sex, drugs, and rock and roll as necessary vainglories or desirable initiation ritual into our pop culture; what it does, however, is point to the bond market as exactly that. Much more so than the post-war times, the bond market is the key financier of our mainstreamed culture: inclusive but innovative enough to breed crookery and other sanctioned cultural excesses. It can be hard to resist the lure of credit that the bond market enables. Under this climate, all it takes is a good shock and a dose of fear for this bond market to make its rounds with crises.
Table of ContentsPart 1 List of Figures Part 2 List of Tables Part 3 Preface Part 4 Introduction: The Virtues Part 5 Section 1: The Virtures Chapter 6 Chapter 1: Commoners Join In: Bonds for Shopping, Bonds as Paychecks Chapter 7 Chapter 2: After Greek Food, the Diet Part 8 Section 2: Mediating the Two Savings Chapter 9 Chapter 3: Public Dis(Savings) Part 10 Section 3: The Two Walls that Fell for Iceland, Context of Inquiry: Two Currents Chapter 11 Chapter 4: Nationalism and the Debt Culture Chapter 12 Chapter 5: The Two Currents, and Responses Part 13 Section 4: How the "Pigs" Flew Chapter 14 Chapter 6: How the PIIGGS Flew Chapter 15 Chapter 7: A Tale of Two Countries: The Icelandic Story Chapter 16 Chapter 8: On Ice: Iceland and Norway, All or Nothing Part 17 Section 5: Creating Value Chapter 18 Chapter 9: Valuing a Firm, and MCI, Inc. Chapter 19 Chapter 10: Valuing Petro-Canada and Other Quasi-Public Enterprises Chapter 20 Chapter 11: Valuing Governments Chapter 21 Chapter 12: The Asian Challenge and Responses from the Real Side of Market Economies Chapter 22 Chapter 13: When the Old Become Hip Again Chapter 23 Chapter 14: Securitization: Response to the Asian Challenge? Part 24 Section 6: The Exotics Chapter 25 Chapter 15: From Fixed Income to the Exotics Part 26 Section 7: Institutions that Mainstreamed the Debt Culture Chapter 27 Chapter 16: Money-Creating Machines Fulfilling the Growth and Low Inflation Promise Chapter 28 Chapter 17: Interest Rates: The True Universal Language Part 29 Section 8: Epilogue Chapter 30 Chapter 18: The Regulatory Misfire Part 31 Index
