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The Resource The next economic disaster : why it's coming and how to avoid it, Richard Vague

The next economic disaster : why it's coming and how to avoid it, Richard Vague

Label
The next economic disaster : why it's coming and how to avoid it
Title
The next economic disaster
Title remainder
why it's coming and how to avoid it
Statement of responsibility
Richard Vague
Creator
Subject
Language
eng
Summary
Current debates about economic crises typically focus on the role that public debt and debt-fueled public spending play in economic growth. This illuminating and provocative work shows that it is the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008. Relying on the findings of a team of economists, credit expert Richard Vague argues that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. Vague presents an algorithm for predicting crises and argues that China may soon face disaster. Since American debt levels have not declined significantly since 2008, Vague believes that economic growth in the United States will suffer unless banks embrace a policy of debt restructuring. All informed citizens, but especially those interested in economic policy and history, will want to contend with Vague's distressing arguments and evidence.--
Assigning source
Provided by Publisher
Cataloging source
IKG
http://library.link/vocab/creatorName
Vague, Richard
Illustrations
illustrations
Index
no index present
Literary form
non fiction
http://library.link/vocab/subjectName
Mortgage loans
Label
The next economic disaster : why it's coming and how to avoid it, Richard Vague
Instantiates
Publication
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Preface -- Boom and crisis -- The centrality of private debt -- Tripwire : rapid private debt growth -- The long-term trend to higher debt -- Testing the thesis on all major economies -- Stages of crisis -- China and Japan -- The deleveraging challenge -- Deleveraging in the United States and Japan -- Crisis prevention and recovery -- Restoring growth -- Recommendations for China and beyond -- The long-term view -- The bigger picture : our future debt challenge -- A reform agenda -- Conclusion -- Acknowledgments -- Notes
Control code
FIEb17576702
Dimensions
23 cm.
Extent
91 pages
Isbn
9780812247046
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)885203839
Label
The next economic disaster : why it's coming and how to avoid it, Richard Vague
Publication
Carrier category
volume
Carrier MARC source
rdacarrier.
Content category
text
Content type MARC source
rdacontent.
Contents
Preface -- Boom and crisis -- The centrality of private debt -- Tripwire : rapid private debt growth -- The long-term trend to higher debt -- Testing the thesis on all major economies -- Stages of crisis -- China and Japan -- The deleveraging challenge -- Deleveraging in the United States and Japan -- Crisis prevention and recovery -- Restoring growth -- Recommendations for China and beyond -- The long-term view -- The bigger picture : our future debt challenge -- A reform agenda -- Conclusion -- Acknowledgments -- Notes
Control code
FIEb17576702
Dimensions
23 cm.
Extent
91 pages
Isbn
9780812247046
Media category
unmediated
Media MARC source
rdamedia.
Other physical details
illustrations
System control number
(OCoLC)885203839

Library Locations

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      43.803074 11.283055
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