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The committee to destroy the world : inside the plot to unleash a super crash on the global economy /
An updated examination of what's weakening the U.S. economy, and how to fix it The Committee to Destroy the World: Inside the Plot to Unleash a Super Crash on the Global Economy is a passionate and informed analysis of the struggling global economy. In this masterfully conceived and executed wo...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Hoboken, New Jersey :
John Wiley & Sons, Inc.,
[2016]
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- The Committee to Destroy the World; Contents; Acknowledgments; INTRODUCTION The Committee to Destroy the World; A Regulatory Theocracy; A Crisis Wasted; The Death of Fiscal Policy; Monetary Policy Follies; The Failures of the Fed; The European Monetary Experiment; Out-of-Control Global Debt; Untamed Derivatives; Market Corruption; The Geopolitics of Appeasement; Iran; ISIS; Russia; Syria; China; The Obama Doctrine; We Are On an Unsustainable Economic Path; America Must Make a Choice; A Few Words about This Book; Chapter 1 The 2008 Crisis-Tragedy or Farce?; The Death of Capital.
- Seeds of InstabilityA Word on Speculation; Financialization; The Corruption of Moral Sentiments; Low Rates and Lax Rules; The Global Liquidity Bubble; A Crisis of Confidence; Why Finance Matters; Global Threats Require Systemic Stability; Chapter 2 The Death of Capital; The Four Essential Characteristics of Capital; Capital Is a Process; Capital Constantly Changes Form; Capital Is a Human Construct; Capital Is Unstable; How Capital Dies; Capital Is Misunderstood; The Failure of Risk Management; Chapter 3 Capital Ideas; Adam Smith and the Tyranny of Crowds; The Fallacy of Composition.
- Karl Marx and the Origins of OpacityCapital Is a Process, Not a Thing; Our Fetish about Money; The Instability of Value; John Maynard Keynes; Hyman Minsky; Lessons on Capital from the Masters; Chapter 4 Empty Promises; Promises Aren't What They Used to Be; The Digitalization of Promises; Collateralized Mortgage Obligations; HSBC Drinks the Mortgage Kool-Aid; A Fetish Is Not a Promise; Chapter 5 Financialization; Money Begetting Money; Power Begetting Power; Theories of Financialization; The Monetization of Values; Chapter 6 From Innovators to Undertakers; The History of Private Equity Funds.
- From Boom to BustPrivate Equity Fees: The New Agency Problem; The Myth of Private Equity Returns; Men Behaving Badly; Private Equity and Cheap Debt: Birds of a Feather Flop Together; Private Equity Goes Public: A Study in the Oxymoronic; Taxing Labor as Capital; Calling Dr. Kevorkian?; Private Equity: The Damage Done; Reform of Private Equity Firms; Registration as Investment Advisers; Fee Reform; Chapter 7 Welcome to Jurassic Park; Isla Nublar; The New DNA of Finance; Warning Signs; Dinosaurs Turn on Their Makers; Bear Stearns: First Casualty.
- American International Group (AIG)-Second CasualtyThe Bond Insurers-Third Casualty; Taming the Beasts (Regulating Credit Derivatives); Listing Credit Derivatives on an Exchange; Counterparty Surveillance; Increasing Collateral Requirements; Chapter 8 The Road to Hell; Satan in the Garden; Reverse Black Swans; Birth of the Prudent Man; The Fallacy of Diversification; Chapter 9 Finance after Armageddon; Obama Goes to Wall Street; Principles of Reform; Impose a Tax on Speculation; End Balkanized Regulation; Too Big to Fail; Improving Capital Adequacy; Limiting Banks' Balance Sheet Leverage.