by John Mauldin
First published 2011
The world economy faces an unprecedented crisis as developed nations including the United States confront the collapse of the Debt Supercycle. John Mauldin argues that decades of easily managed debt growth have created massive sovereign debt problems that cannot be ignored. Countries now face only two painful options: restructure their obligations or implement harsh austerity measures. Mauldin examines why the global economy will experience extended sluggish growth, elevated unemployment, and unstable markets marked by recurring recessions. He analyzes international markets, demographic trends, government policy responses, and currency impacts across multiple nations. The book provides a framework for understanding these difficult choices and their consequences, offering readers tools to navigate the prolonged period of economic deleveraging ahead.
Genres: politics, economics, non-fiction, finance
Vibes: thought-provoking
Tropes: informed-consent
Period: 21st-century
336 pages · Hardcover · Wiley