The Trouble with Prosperity:: A Contrarian's Tale of Boom, Bust and Speculation Book + PRICE WATCH * Amazon pricing is not included in price watch

The Trouble with Prosperity:: A Contrarian's Tale of Boom, Bust and Speculation Book

Risk, according to James Grant, is our enemy. The current, seemingly endless run-up of the stock market is bound to crash around our ears at some point, sooner rather than later. The flood of cash that is lifting the current consumer economy stems from imprudent credit decisions by banks and, by extension, by the largest bank of all, the Federal Reserve. The flight of capital from bonds into mutual funds is only the most visible symbol of an America that has lost sight of fundamental economic forces. And so on. The writer and publisher of Grant's Interest Rate Observer, Grant is a born contrarian, directing investors into commodities markets, which have been flat for 15 years, and away from the booming stock market. You can disagree with his prognosis, but it's hard to argue with his diagnosis. The boom of the 1990s can't last forever.Read More

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  • Product Description

    The author of Money of the Mind presents a close-up look at the transformation of the U.S. economy, from 1929 to the present day, examining a seventy-year cycle of boom and bust and explaining why the financial prosperity of the 1990s is destined to collapse. 15,000 first printing.

  • 0812924398
  • 9780812924398
  • James L. Grant
  • 1 October 1996
  • Crown Publishers
  • Hardcover (Book)
  • 348
  • 1st
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