Surprised Again!--The Covid Crisis and the New Market Bubble The Covid Crisis and the New Market Bubble

Name: Surprised Again!--The Covid Crisis and the New Market Bubble
Author: Alex J Pollock

Auteur: Alex J Pollock

Taal: Engels

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Auteur: Alex J Pollock Howard B Adler

Engels
Paperback
9781589881655
15 november 2022
224 pagina's

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Samenvatting

What will not surprise you is the wisdom, wit, and insight that Alex Pollock and Howard Adler bring to this indispensable guide to financial prophecy. The future may be a closed book, but you must openand readthis one.James Grant, Grants Interest Rate Observer

This book serves as an excellent introduction to modern economics and monetary policy, presenting it cleaner than in any textbook, and with a complete absence of pedantry.Law & Liberty

Surprised Again! will demystify finance for students and give experts a deeper understanding of things they thought they knew.Christopher DeMuth, Distinguished Fellow, Hudson Institute and former President, American Enterprise Institute

A masterful survey of the financial sector and its post-COVID dependence on easy money from the Federal Reserve. This book is the first place to turn for a clear exposition of key financial topicshousing, municipal debt, pension funds, student loans, cryptocurrencies, and more. The reader will be surprised yet again at the extent of financial problems lurking below the surface.Thomas H. Stanton, Johns Hopkins University

About every ten years, we are surprised by a financial crisis. In 2020, we were Surprised Again! by the financial panic of the spring triggered by the Covid-19 pandemic. Not one of the 30 official systemic risk studies developed in 2019 had even hinted at this financial crisis as a possibility, or at the frightening economic contraction which resulted from the political responses to control the virus. In response came the unprecedented government fiscal and monetary expansions and bailouts. Later 2020 brought a second big surprise: the appearance of an amazing boom in asset prices, including stocks, houses, and cryptocurrencies.

Alex Pollock and Howard Adler lived through this historic instability while serving as senior officials of the U.S. Department of the Treasury. Their book lays out the many elements of the panic and its aftermath, from the massive elastic currency operations which rode to the rescue by financing the bust with unprecedented government debt, to the consequent asset price boom, which included a renewed bubble in house prices financed by government guarantees. It considers key leveraged sectors such as commercial real estate, student loans, pension funds, banks, and the government itself. It reflects on how to understand these events both in retrospect and prospect.

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Taal: en
Bindwijze: Paperback
Oorspronkelijke releasedatum: 15 november 2022
Aantal pagina's: 224

Betrokkenen

Hoofdauteur: Alex J Pollock
Tweede Auteur: Howard B Adler
Hoofduitgeverij: Paul Dry Books

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Product breedte: 137 mm
Product hoogte: 18 mm
Product lengte: 213 mm
Studieboek: Nee
Verpakking breedte: 137 mm
Verpakking hoogte: 18 mm
Verpakking lengte: 213 mm
Verpakkingsgewicht: 281 g

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EAN: 9781589881655

Je vindt dit artikel in

Categorieën: Wetenschap & Natuur

Economie & Financiën

Economie

Financien & Boekhouding

Aarde & Milieu

Economische geschiedenis

Macro-economie

Financien

Aardrijkskunde

Bankieren

Economische geografie

Boeken
Taal: Engels
Beschikbaarheid: Leverbaar
Boek, ebook of luisterboek?: Boek
Studieboek of algemeen: Algemene boeken

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