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A new collection of objective, authoritative insights into the American economy: 2 authoritative books by top economist Mark Zandi, now in a convenient e-format, at a great price!
2 authoritative eBooks offer a realistic, non-ideological, and actionable view of the U.S. economy: what’s happened, where we stand, and where we’re headed
Get past politics and ideology: gain an objective understanding of where America’s economy stands, where it’s headed, and the best ways to improve it for the long-term. Moody Analytics chief economist Mark Zandi – who’s advised leaders in both political parties and every sector of the economy – now offers the deep insights you need to make intelligent plans as an investor, businessperson, employee, and citizen. In the new updated edition of Financial Shock: Global Panic and Government Bailouts--How We Got Here and What Must Be Done to Fix It, Zandi offers timely insights into the market meltdown and the Obama administration’s policy responses, bringing objective insight to the crucial question: why did the U.S. economy collapse, and how can we keep it from happening again? He outlines the true roles of mortgage lenders, investment bankers, speculators, the real estate industry, regulators, the Fed, and homebuyers… previews tomorrow’s most worrisome areas of global financial risk… and offers realistic policies for preventing the next dangerous shocks. Then, in Paying the Price: Ending the Great Recession and Ensuring a New American Century, Zandi takes stock of the American economy as it stands now, reviewing the progress towards recovery, and outlining what still needs to be done. Zandi offers a surprisingly optimistic diagnosis: one of growth, stability in the housing markets, a safer financial system, lower household debt. He thoughtfully reviews the key problems that still remain, from mounting government debt to the growth of disenfranchised workers, outlining the progress that has -- and hasn’t -- been made. Offering you the same insights his clients pay handsomely for, Zandi’s two books will help you make better economic decisions in all your roles – personal, financial, political.
From Mark Zandi, the world-renowned economist who regularly advises both parties and the world’s leading enterprises
Financial Shock, Updated Edition: Global Panic and Government Bailouts—How We Got Here and What Must Be Done to Fix It
Introduction 1
Chapter 1: Subprime Précis 9
Chapter 2: Sizing Up Subprime 33
Chapter 3: Everyone Should Own a Home 49
Chapter 4: Chairman Greenspan Counts on Housing 67
Chapter 5: Global Money Men Want a Piece 81
Chapter 6: Bad Lenders Drive Out the Good 97
Chapter 7: Financial Engineers and Their Creations 113
Chapter 8: Home Builders Run Aground 131
Chapter 9: As the Regulatory Cycle Turns 145
Chapter 10: Boom, Bubble, Bust, and Crash 161
Chapter 11: Credit Crunch 175
Chapter 12: Timid Policymakers Turn Bold 193
Chapter 13: Economic Fallout 233
Chapter 14: Back to the Future 251
Endnotes 273
Index 285
Paying the Price: Ending the Great Recession and Beginning a New American Century
Introduction xiii
Chapter 1: Financial Shock to Financial Panic 1
Chapter 2: Bank Bailout 23
Chapter 3: Outside the Monetary Box 47
Chapter 4: As GM Goes, So Goes the Economy 71
Chapter 5: Stimulus Is Not a Dirty Word 91
Chapter 6: The Foreclosure Fiasco 119
Chapter 7: Fixing the Financial Plumbing 145
Chapter 8: The Fallout 171
Chapter 9: Getting Our Groove Back 197
Chapter 10: Don’t Bet Against the United States 219
Index 243