Boombustology spotting financial bubbles before they burst

The new, fully-updated edition of the respected guide to understanding financial extremes, evaluating investment opportunities, and identifying future bubbles Now in its second edition, Boombustology is an authoritative, up-to-date guide on the history of booms, busts, and financial cycles. Engaging...

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Bibliographic Details
Other Authors: Mansharamani, Vikram, author (author)
Format: eBook
Language:Inglés
Published: Hoboken, New Jersey : Wiley [2019]
Edition:2nd edition
Subjects:
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009630742506719
Table of Contents:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • Foreword
  • Preface Is There A Bubble In Boom-Bust Books?
  • Acknowledgments
  • Introduction The Study of Financial Extremes: One-Armed Analysts, Secrets, and Mysteries
  • Secrets vs. Mysteries
  • Different Problems Necessitate Different Approaches
  • Uncovering a Mystery
  • Part I Five Lenses
  • Chapter 1 Microeconomic Perspectives: To Equilibrium or Not?
  • "Random Walks" and Accurate Prices: The Efficient Market Hypothesis
  • Unstable and Inefficient: The Theory of Reflexivity
  • Consolidating Two Factors of Detection
  • Chapter 2 Macroeconomic Perspectives: The Impact of Debt, Deflation, and Mispriced Money on Asset Markets
  • The Magnifying Power of Leverage
  • Collateral Rates and Debt Dynamics
  • Hyman Minsky's Financial Instability Hypothesis
  • Debt Deflation and Asset Prices
  • Quantitative Easing
  • The Austrian Business Cycle Theory
  • Integrating the Macro Lenses
  • Chapter 3 The Psychology Lens: Homo Economicus Meets Homo Sapiens
  • The Study of Irrationality Is Born
  • Heuristics Gone Wild: How Rules of Thumb Lead Us Astray
  • Our Flawed Brains: Other Cognitive Issues
  • The Certainty of Uncertainty
  • Chapter 4 Political Foundations: Evaluating Property Rights, Price Mechanisms, and Political Distortions
  • Can Anyone Own Anything?
  • Venezuelan and Soviet Nationalization: Communism at Work
  • Prices: To Guide or Be Guided?
  • Political Distortions of Property and Price
  • Tariffs and Trade Wars
  • Chapter 5 Biological Frameworks: Epidemiology and Emergence
  • Revealing the Maturity of an Unsustainable Boom
  • How Micro Simplicity Drives Macro Complexity
  • Emergent Behavior in Human Swarms
  • The Blind Leading the Blind
  • Part II Historical Case Studies
  • Chapter 6 Tulipomania: A Bubble in Seventeenth-Century Holland
  • The Uniqueness of Tulips
  • Fertile Soil for Bubble Formation.
  • The Boombustology of Tulipomania
  • The Multilens Look
  • Chapter 7 The Great Depression: From Roaring Twenties to Yawning Thirties
  • Castles in the Sand
  • From Booming Twenties to Busted Thirties
  • The Boombustology of the Great Depression
  • The Multilens Look
  • Chapter 8 The Japanese Boom and Bust: A Credit-Fueled Bubble Economy
  • Japan(ese) as Different
  • An Overview of the Bubble Economy
  • The Boombustology of the Japanese Boom and Bust
  • The Multilens Look
  • Chapter 9 The Asian Financial Crisis: The Mirage of a Miracle
  • Boom Times in East Asia
  • Thailand Catches the Flu
  • The Boombustology of the Asian Financial Crisis
  • The Multilens Look
  • Chapter 10 The U.S. Housing Boom and Bust: The Homeowner's Society Creates the People's Panic
  • "Safe as Houses"
  • The Music Stops
  • The Boombustology of the U.S. Housing Boom and Bust
  • The Multilens Look
  • Chapter 11 China's Credit-Fueled Investment Boom
  • Tendencies toward Equilibrium
  • Leverage, Cheap Money, and Potential Deflation
  • Conspicuous Consumption and Overconfidence
  • Rights, Moral Hazard, and Political Distortion
  • Consensus, Silent Leadership, and Epidemics
  • The Unsustainable Chinese Story
  • The Boombustology of China's Credit-Fueled Investment Boom and Bust
  • The Multilens Look
  • Part III Looking Ahead
  • Chapter 12 Spotting Bubbles Before They Burst: A Method for Identifying Unsustainable Booms
  • Reflexivity and Self-Fulfilling Dynamics
  • Leverage, Financial Innovation, and Cheap Money
  • Overconfidence
  • Policy-Driven Distortions
  • Epidemics and Emergence
  • Conclusions
  • Chapter 13 Boombustology in Action: Is India Next?
  • Distinguishing Potential and Reality
  • Capital Markets Considerations
  • Population, Debt, and Investment
  • India's Versailles
  • Culture, Vocation, and Underdevelopment
  • Automation: Why It's Too Late for India.
  • "Make in India": The Wrong Playbook for Development
  • India's Elusive Middle Class: Disappointment Ahead?
  • Conclusion Hedgehogs, Foxes, and the Dangers of Making Predictions
  • Blinded by Focus
  • Addendum A Passive Investing Bubble?
  • Feedback Loops and Reflexivity
  • Distortion of the Market
  • Oversimplification as Overconfidence
  • Investment and Interest Rates
  • Herd Mentality and Silent Leadership
  • Too Much of a Good Thing
  • About the Author
  • Index
  • EULA.