The Trouble With Prosperity: The Loss of Fear, the Rise of Speculation, and the Risk to American Savings - Hardcover

Grant, James

Hardcover

ISBN 10: 0812924398 ISBN 13: 9780812924398

Publisher: Crown, 1996

Synopsis

In Boom and Bust in the American Century, James Grant tells why the financial prosperity of the 1990s is destined to collapse. This is a book about cycles of optimism and pessimism, of bull markets and bear markets, and of orthodoxy and heresy. Boom and Bust in the American Century is sophisticated financial writing by a gifted author and analyst at the top of his form.

About this title

From the Inside Flap

Bust in the American Century, James Grant tells why the financial prosperity of the 1990s is destined to collapse. This is a book about cycles of optimism and pessimism, of bull markets and bear markets, and of orthodoxy and heresy. Boom and Bust in the American Century is sophisticated financial writing by a gifted author and analyst at the top of his form.

Reviews

The publisher of the small but influential newsletter Grant's Interest Rate Observer and author of Money of the Mind, proclaimed by London's Financial Times and Business Week as one of the best business books of 1992, here expresses concern that too much risk has been eliminated from the financial system. He concludes that, though currently prosperous, the American economy is stagnant because marginal enterprises are protected from failure. Grant believes that success and failure are part of the natural, cyclical order of things and that that order has been disturbed, particularly by the Federal Reserve Board's manipulation of interest rates. His beliefs are grounded in the Austrian school of economics, the tenets of which Grant lucidly explains. David Rouse

Edition details

• Publisher: Crown
• Publication date: 1996
• Language: English
• ISBN 10: 0812924398
• ISBN 13: 9780812924398
• Binding: Hardcover
• Edition number: 1
• Number of pages: 348