Description
Book SynopsisGo inside the research to see the global consequences of unethical banking The Next Revolution in our Credit-Driven Economy: The Advent of Financial Technology integrates market theory and practice to help investors identify growth opportunities, and to help regulators create a sustainable economic environment. Author Paul Schulte, former economic analyst with the National Security Council, draws upon his own decade-spanning research to demonstrate how unethical banking practices provide the brute force that drives political and economic crises worldwide. By unbundling how credit markets work, this authoritative guide provides deep insight into crisis avoidance and detection, successful investment climates, and the groundwork that must be in place for policy makers to build a sound basis for economic growth. Clear, succinct case studies provide examples of policy and its effects on economic stability, giving you a stronger understanding of the network of forces that d
Table of Contents
Acknowledgments xvii
About the Author xix
About the Website xxi
Introduction: A Few Numbers Can Crack the Code xxiii
PART ONE How Bank Credit Drives Economics (Not the Other Way Around) and Why
CHAPTER 1 A Few Simple Concepts That Anyone Can Understand 3
CHAPTER 2 Differences between Liquidity and Solvency Are Thin 23
CHAPTER 3 Anatomy of a Credit Crisis and Examples in the Real World 33
PART TWO I Am from the Government, and I Am Here to Help Your Broken Banking System
CHAPTER 4 Socialization of Debt after Mismanagement by Bankers (or, Why Keynesian Economics Doesn’t Work) 55
CHAPTER 5 Why Capitalist Bankers Create Soviet Banking Models When the Going Gets Rough 75
CHAPTER 6 Central Banks Are Carrying the Greatest Load and Will Dominate Outcomes 89
CHAPTER 7 How Bankers and Policy Rescuers Affect Stocks, Foreign Exchange, and Property 103
PART THREE Interlude
CHAPTER 8 Why Government and Institutions Get Suckered into Debt Binges 119
PART FOUR The Revolution in Financial Architecture
CHAPTER 9 Why Is This Revolution Happening Now and Why So Fast? 135
CHAPTER 10 The Revolution in Alternative Investments 145
CHAPTER 11 The Revolution in Big Data and SME Lending in the Emerging World 157
CHAPTER 12 Banking and Analytics—The PayPal Gang, Palantir versus Alibaba, and Hundsun 177
Appendix 195
Bibliography 197
Index 199
