Debt, Deficits, and the Demise of the American Economy

  • ID: 2214825
  • Book
  • Region: United States
  • 208 Pages
  • John Wiley and Sons Ltd
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"Before reading this book, I was concerned. Now I am scared. Hopefully, this admirable message will provide material to those legislators fighting for more robust, low–debt, deficit–free systems. I thank the authors for fighting for economic safety." NASSIM Nicholas TALEB, Distinguished Professor of Risk Engineering, NYU, and author of The Black Swan

"Tanous and Cox brilliantly explain how the United States got into the financial hole. But better yet, they explain how we can get out of it. Here is the sure path to renewed prosperity if we will only follow it." SAM DONALDSON, ABC News Correspondent

"An important business book about how we′ve ended up at this desperate juncture for our economy. Tanous and Cox don′t merely chart the path to our demise, they construct an effective road map back to prosperity that all policymakers should heed." Dr. ARTHUR LAFFER, Chairman, Laffer Associates

"A chilling account of what will happen if our political leaders do not take immediate steps to resolve the number–one threat to our great nation: massive federal budget deficits that are growing exponentially with no end in sight. Must reading." WILLIAM M. ISAAC, former chairman, FDIC, and author of Senseless Panic: How Washington Failed America

"Debt, Deficits and the Demise of the American Economy is a sobering and frightful account of the nation′s financial challenges that should be read and understood by all Americans, whether they agree with the authors′ conclusions or not." Steve Liesman, Senior Economics Reporter, CNBC

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Chapter 1 It′s the Deficit, Stupid.

Chapter 2 The Crisis Begins.

Chapter 3 The Miserable State of the States.

Chapter 4 Inflation, Through the Years.

Chapter 5 Europe on the Brink.

Chapter 6 The Crisis Hits the United States.

Chapter 7 The Way Back.

Chapter 8 Forging Ahead.

Chapter 9 Investing in a Time of Crisis.

Chapter 10 Gold Still Good.

Chapter 11 The World Still Runs on Oil.

Chapter 12 Understanding the Investment Risks We Face.

Conclusion We Have Been Here Before.



About the Authors.


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Peter Tanous is President of Lepercq Lynx Investment Advisory. Over the course of his forty years as a finance professional, he has served as executive vice president of Bank Audi (U.S.A.) in New York City, chairman of Petra Capital Corporation an international investment bank that he cofounded and first vice president and international regional director with Smith Barney. Mr. Tanous is the author of several critically acclaimed books, including Investment Gurus, which was chosen as a Main Selection of The Money Book Club, as was his subsequent book, The Wealth Equation.

Jeff Cox has been a journalist since 1987 and is a staff writer with where he covers all aspects of the markets, and appears on CNBC Television. He provides market commentary for radio stations across the country, and his articles frequently run on other CNBC syndication partners such as, Yahoo!, and AOL Money. He also has worked at CNN Money and as a senior editor for two Pennsylvania newspapers. Cox′s writing and editing projects have been honored on multiple occasions by the New Jersey Press Association and Pennsylvania Newspaper Association.

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