Includes bibliographical references (p. 227-244) and index.
Summary
Talbott argues that the coming recession will be on a global scale, affecting economies across the world. He offers practical suggestions as to how homeowners and investors can best weather the coming storm with specific advice on where to invest by type of investment and geographic location.
Contents
Bamboozled -- What didn't cause the U.S. housing boom and bust -- What did cause the U.S. housing boom and bust -- The contagion spreads from subprime to prime -- How low will housing prices go in the U.S.? -- The U.S. economy was not in great shape to begin with -- The United States enters a long recession -- The global economy catches the contagion -- Too big to fail : the $400 trillion derivatives market -- Our local governments feel the pinch -- From Wall Street to Main Street -- Demographics magnify contagion -- Which investments and which countries will weather the storm the best? -- Stop the bleeding -- No future without reform -- A warning shot across our bow.
