Bonds Are Not Foreverchronicles the steady decline in interest rates from their peak in the1980s and the concurrent drop in inflation during that period. Lackexplains how those two factors spurred a dramatic growth in borrowingamong both governments and individuals. Along the way, Lack describeshow a financial industry meant to provide capital needed to driveproductivity and economic growth became disconnected from Main Streetand explores the grave economic, social, and political consequences ofthat disconnect.
- Provides practical solutions for avoiding the risk of falling bond markets and guaranteed negative real returns on savings
- Explainshow the bursting of the real estate bubble in 2007–2008 led to massiveborrowing by governments as they attempted to offset a sharp fall ineconomic activity
- Details how the trends of exploding debt anda financial sector that has grown much bigger than it needs to be havedramatically changed the game for savers
Hardcover: 240 pages
Publisher: Wiley; 1 edition (September 3, 2013)
Language: English
ISBN-10: 1118659538
ISBN-13: 978-1118659533
Product Dimensions: 9.1 x 6.1 x 0.9 inches
Shipping Weight: 8.8 ounces
http://www.amazon.com/Bonds-Are-Not-Forever-Investors/dp/1118659538/ref=sr_1_1?s=books&ie=UTF8&qid=1402578080&sr=1-1&keywords=Bonds+Are+Not+Forever%3A+The+Crisis+Facing+Fixed+Income+Investors


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