{"product_id":"its-not-as-bad-as-you-think-why-capitalism-trumps-fear-and-the-economy-will-thrive-hardback-9780470238332","title":"It's Not as Bad as You Think; Why Capitalism Trumps Fear and the Economy Will Thrive (Hardback) 9780470238332","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eIt's Not as Bad as You Think\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eWhy Capitalism Trumps Fear and the Economy Will Thrive\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eBrian S. Wesbury (Author), Amity Shlaes (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470238332, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 24 November 2009\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages, Drawings: 31 B\u0026amp;W, 0 Color\u003cbr\u003e23.6 x 16.1 x 2.1 cm, 0.413 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\"Compared with most of his peers, Brian Wesbury. . . looks like a raging bull. The economy, he boldly predicts, will grow . . . the stock market remains grossly . . . This is the opportunity of a lifetime for those buying a house. . . The author rightly makes the case that the current financial crisis was totally unnecessary. Its prime cause was the imposition of mark-to-market accounting rules. . . Wesbury also explains that the potential losses from subprime mortgages and exotic financial instruments in 2007 were less threatening to the system than was the banking crisis of some 20 years ago. . . Wesbury deals decisively and persuasively with other misconceptions. The big one: that it was the collapse of the housing bubble that led to panic in the fall of 2008 . . .As for the economy's current growth, Wesbury makes it clear that he doesn't think it's soundly based. In other words, investors have opportunities for big gains, but they'd better be nimble. Expansions fueled by excesses of Fed credit always end badly.\" —Forbes magazine\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eAn upbeat antidote to the gloom and doom forecasts of the financial future\u003c\/p\u003e \u003cp\u003eJust about everyone is worried about the economy and markets. And the fear is that they will stay down for a long time. But a few brave voices say that the gloom and doom forecasts are just too pessimistic. Reality is that entrepreneurs don't give up. History is pretty clear, every time the economy is thought to be done, worn out, finished, it bounces back and heads to new highs. In fact, the economy and the markets-counter to conventional wisdom-have started to improve in the first half of 2009. Even housing is showing some signs of life.\u003c\/p\u003e \u003cp\u003eWith \u003ci\u003eIt's Not as Bad as You Think,\u003c\/i\u003e Brian Wesbury, ranked as one of the top economic forecasters by the \u003ci\u003eWall Street Journal\u003c\/i\u003e and \u003ci\u003eUSA Today,\u003c\/i\u003e shows you that while the financial future may be hard to predict, it will ultimately be profitable over the long haul. In this easy-to-follow and engaging forecast of the future, Wesbury takes a look at the good, the bad, and the ugly-and debunks the pouting pundits of pessimism to show you how to prosper now and in the future.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAn optimistic look at the economy and the markets written by one of today's foremost financial forecasters\u003c\/li\u003e \u003cli\u003ePresents a roadmap to seek opportunities in all the panic\u003c\/li\u003e \u003cli\u003eShows you how to analyze economic indicators and government policy to grow your wealth so you don't lose by hiding under the bed\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eA breath of fresh air, Wesbury's objectivity and optimism provide welcome relief to the daily bad news stories, as he sets us all up to capitalize on tomorrow's great possibilities.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Getting the Right Perspective 9\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFear and Anger Are Understandable 12\u003c\/p\u003e \u003cp\u003eHistory versus Emotion 18\u003c\/p\u003e \u003cp\u003eBuck Up and Remember History 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Capitalism Wins (Again) 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDemand versus Supply 24\u003c\/p\u003e \u003cp\u003eThe History of the World 29\u003c\/p\u003e \u003cp\u003eInventions and Innovation 32\u003c\/p\u003e \u003cp\u003eEntrepreneurship 33\u003c\/p\u003e \u003cp\u003eThe Turning Point 35\u003c\/p\u003e \u003cp\u003eCapitalism Wins—It’s Not Over 36\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Creative Destruction 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Big “X” 41\u003c\/p\u003e \u003cp\u003eThe Industrial Revolution 44\u003c\/p\u003e \u003cp\u003eThe Call for Change 47\u003c\/p\u003e \u003cp\u003eA Wrong Drift, but a Cool Wind 49\u003c\/p\u003e \u003cp\u003eInflation, Creative Destruction, and the Crisis 51\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 A Government-Sponsored Recession 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Housing Boom 56\u003c\/p\u003e \u003cp\u003eThe Crisis Begins 57\u003c\/p\u003e \u003cp\u003eThe Acceleration 60\u003c\/p\u003e \u003cp\u003eWhy in the World Were They Doing That? 61\u003c\/p\u003e \u003cp\u003eSo Why Blame Capitalists? 64\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Who Makes Your Glasses? 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAre Consumers Rational? 68\u003c\/p\u003e \u003cp\u003eWhat Is the Natural Rate of Interest? 70\u003c\/p\u003e \u003cp\u003eCalculating the Natural Rate 72\u003c\/p\u003e \u003cp\u003eThe Nominal GDP Rule 74\u003c\/p\u003e \u003cp\u003eMoney and the Interest Rates 76\u003c\/p\u003e \u003cp\u003eThe Fed-Induced Bubble 77\u003c\/p\u003e \u003cp\u003eWe’ve Been Here Before 79\u003c\/p\u003e \u003cp\u003eStupid Bankers, or Not? 81\u003c\/p\u003e \u003cp\u003eIt Always Ends Badly: Volcker to the Rescue 82\u003c\/p\u003e \u003cp\u003eThen . . . 84\u003c\/p\u003e \u003cp\u003e. . . And Now 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Mark-to-Market Mayhem 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGovernment Failure versus Market Failure 89\u003c\/p\u003e \u003cp\u003eSome Mark-to-Market Accounting History 92\u003c\/p\u003e \u003cp\u003eMark-to-Market Creates Volatility 93\u003c\/p\u003e \u003cp\u003eSuspend Mark-to-Market 99\u003c\/p\u003e \u003cp\u003eA False Feeling of Control 101\u003c\/p\u003e \u003cp\u003eA Miracle Happened 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Panic and the Speed of Money 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Recession? 107\u003c\/p\u003e \u003cp\u003eThe Panic of 2008 110\u003c\/p\u003e \u003cp\u003eMark-to-Market Mayhem 115\u003c\/p\u003e \u003cp\u003eAIG, Credit Default Swaps, and Derivatives 117\u003c\/p\u003e \u003cp\u003eThe V-Shaped Light at the End of the Tunnel 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 It’s Not as Bad as You Think 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eConsumer Spending 129\u003c\/p\u003e \u003cp\u003eDebt 131\u003c\/p\u003e \u003cp\u003eGrowth, Debt, and China 135\u003c\/p\u003e \u003cp\u003eDeleveraging 138\u003c\/p\u003e \u003cp\u003eUnemployment 142\u003c\/p\u003e \u003cp\u003eSavings Rates 143\u003c\/p\u003e \u003cp\u003eThe Economy Will Recover 144\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 It’s Boom Time Again 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDon’t Fight the Fed 150\u003c\/p\u003e \u003cp\u003e1975 –1976 Redux? 151\u003c\/p\u003e \u003cp\u003eCan It Happen Again? 153\u003c\/p\u003e \u003cp\u003ePanics End 153\u003c\/p\u003e \u003cp\u003eIt Won’t Stay Down Forever 155\u003c\/p\u003e \u003cp\u003eUndervalued Markets 156\u003c\/p\u003e \u003cp\u003eProductivity and Profi ts 159\u003c\/p\u003e \u003cp\u003eBut Government Is Growing . . . 161\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Investing in the Midst of Mayhem 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Super-Easy Fed 165\u003c\/p\u003e \u003cp\u003eBuy U.S. Stocks for the Short to Medium Term 166\u003c\/p\u003e \u003cp\u003eStocks for the Long Term: Small Cap, Value, and Momentum 169\u003c\/p\u003e \u003cp\u003eInfl ation Plays for the Medium and Longer Term 171\u003c\/p\u003e \u003cp\u003eForeign Equities 174\u003c\/p\u003e \u003cp\u003eFixed Income 176\u003c\/p\u003e \u003cp\u003eEmotion and Investing 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 The New Normal 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBig Government Hurts 188\u003c\/p\u003e \u003cp\u003eKeynes and Government 190\u003c\/p\u003e \u003cp\u003eHow Bad Can It Get? 191\u003c\/p\u003e \u003cp\u003eRoosevelt, Carter, or Clinton 192\u003c\/p\u003e \u003cp\u003eThe Future Still Looks Bright 195\u003c\/p\u003e \u003cp\u003eNotes 197\u003c\/p\u003e \u003cp\u003eAcknowledgments 203\u003c\/p\u003e \u003cp\u003eAbout the Author 205\u003c\/p\u003e \u003cp\u003eIndex 207\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52257218789656,"sku":"9780470238332","price":16.29,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470238332_180185.jpg?v=1781278035","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/its-not-as-bad-as-you-think-why-capitalism-trumps-fear-and-the-economy-will-thrive-hardback-9780470238332","provider":"Freshly Printed Books","version":"1.0","type":"link"}