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...
Otros Autores: | |
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Formato: | Libro electrónico |
Idioma: | Inglés |
Publicado: |
Hoboken, New Jersey :
Wiley
[2016]
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Edición: | 2nd edition |
Materias: | |
Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629974006719 |
Tabla de Contenidos:
- Intro
- 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 Instability
- A 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 Opacity
- Capital 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 Bust
- Private 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 Casualty
- The 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
- Compensation Reform
- Reforming Monetary Policy
- Enhancing Systemic Transparency
- Ban Structured Investment Vehicles
- Prohibit Dark Pools and High-Frequency Trading
- Chapter 10 Unfinished Business
- Monetary Policy
- Fiscal Policy and the Federal Deficit
- Entitlements
- End Corporate Welfare
- Military Spending
- Tax Reform
- Domestic Policy
- Chapter 11 How to Save Yourself
- Gold
- Absolute Return Strategies
- Equities
- Income‐Generating Securities
- Conclusion
- Conclusion: "This Is Later"
- Notes
- Bibliography and Other Sources
- About the Author
- Index
- EULA.