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...
Other Authors: | |
---|---|
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.