America has suffered two economic blows in less than a decade: the collapse of the dot.com bubble in 2000 and the collapse of the real estate bubble in 2007-2009. These blows have left the U.S. struggling to stay on its feet. Spiraling Downward considers the consequences if a still-weak America took another hit, another stock market crash and credit crunch. Given unaddressed imbalances in the US economy, an economic collapse, is indeed possible. This book charts a path that an economic collapse might take. It starts with the anatomy of a market crash and a credit crunch. It seeks to identify the danger zones from which another crash might arise. It then looks at how a crash might shock an economy already weak into an unarrested downward spiral. Spiraling Downward thus offers a way to think about the unthinkable. At a time when conventional views of recession and recovery prevail, this book asks us to consider a different proposition: maybe this time itas different.The US did not suffer a market crash or a financial panic because of the Asian flu, although the stock market did ... This lack of liquidity created imbalances and these imbalances undoubtedly created the crisis that led to the collapse ofanbsp;...
|Title||:||Spiraling Downward: Thinking About and Planning for Economic Collapse|
|Publisher||:||Prepper Press - 2013-03-14|