It's Not as Bad as You Think (ePub)

Foreword. Introduction. Chapter 1 Getting the Right Perspective. Fear and Anger are Understandable. History versus Emotion. Buck Up and Remember History. Chapter 2 Capitalism Wins (Again). Demand versus Supply. The History of the World. Inventions and Innovation. Entrepreneurship. The Turning Point. Capitalism Wins, It's Not Over. Chapter 3 Creative Destruction. The Big "X". The Industrial Revolution. The Call for Change. A Wrong Drift, but a Cool Wind. Inflation, Creative Destruction, and the Crisis. Chapter 4 A Government Sponsored Recession. The Housing Boom. The Crisis Begins. The Acceleration. Why in the World Were They Doing That? So, Why Blame Capitalists? Chapter 5 Who Makes Your Glasses? Are Consumers Rational? What Is The Natural Rate of Interest? Calculating the Natural Rate. The Nominal GDP Rule. Money and the Interest Rates. The Fed-Induced Bubble. We've Been Here Before. Stupid Bankers, Or Not? It Always Ends Bad: Volcker to the Rescue. Then.... ....And Now. Chapter 6 Mark-to-Market Mayhem. Government Failure vs. Market Failure. Some Mark-to-Market Accounting History. Mark-to-Market Creates Volatility. Suspend Mark-to-Market. A False Feeling of Control. A Miracle Happened. Chapter 7 Panic and the Speed of Money. What Recession? The Panic of 2008. Mark-to-Market Mayhem. AIG, Credit Default Swaps and Derivatives. The V-Shaped Light at the End of the Tunnel. Chapter 8 It's Not As Bad As You Think. Consumer Spending. Debt. Growth, Debt and China. Deleveraging. Unemployment. Savings Rates. The Economy Will Recover. Chapter 9 It's Boom Time Again. Don't Fight the Fed. 1975-1976 Redux? Can It Happen Again? Panics End. It Won't Stay Down Forever. Undervalued Markets. Productivity and Profits. But Government Is Growing... Chapter 10 Investing In the Midst of Mayhem. The Super Easy Fed. Buy U.S. Stocks for the Short- to Medium Term. Stocks for the Long Term: Small Cap, Value and Momentum. Inflation Plays for the Medium and Longer Term. Foreign Equities. Fixed

BRIAN S. WESBURY is Chief Economist at First Trust Advisors LP, a financial services firm with over $23 billion under management. He writes frequently for the American Spectator magazine, serves as the magazine's Economics Editor, and is often a contributor to the Wall Street Journal editorial page. Wesbury was ranked as the nation's number one forecaster by the Wall Street Journal in 2001, and USA Today ranked him as one of the nation's top ten forecasters in 2004. Wesbury received an MBA from Northwestern University's Kellogg Graduate School of Management and a BA in economics from the University of Montana. His most recent writings can be found at www.ftportfolios.com.

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