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Product Description
Beyond the Keynesian Endpoint: Crushed by Credit and Deceived by Debt — How to Revive the Global Economy (9780132595216): Tony Crescenzi: Books. During the Great Depression, legendary British economist John Maynard Keynes advocated using government money to fill the economic void until consumer spending and business investment recovered. But what happens when governments can’t do that anymore? That’s “The Keynesian Endpoint”: when the money runs out before the economy has been rescued, and investors refuse to accept any more sovereign debt. That’s where we are. In the United States and worldwide, debt-fueled spending programs devised to cure the global financial crisis have morphed into poison. Exhausted national balance sheets have left policy makers with few viable options to bolster economic growth, pointing leaders and citizens toward brutal choices that were previously unimaginable. In Beyond the Keynesian Endpoint, PIMCO Executive Vice President, portfolio manager, and market strategist Tony Crescenzi illuminates the frightening new world we now inhabit. Crescenzi dissects each scenario swirling around the mounting global debt crisis and reveals its profound implications for governments, investors, and the global economy. Surviving the world’s greatest hangover Welcome to the morning after America’s 30-year consumption binge The dangerous use of fiscal illusions by politicians How politicians hoodwinked the public and ballooned our debts The investment implications of the Keynesian Endpoint How to keep your portfolio afloat while other investors flounder From endpoint to new beginning How the Endpoint is leading to the transformation of a century
Shipping Weight: 2 pounds
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