Title
Spiraling Downward: Thinking About and Planning for Economic Collapse,New
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America has suffered two economic blows in less than a decade: the collapse of the dot.com bubble in 2000 and the collapse of the real estate bubble in 20072009. These blows have left the U.S. struggling to stay on its feet. Spiraling Downward considers the consequences if a stillweak America took another hit, another stock market crash and credit crunch. Given unaddressed imbalances in the US economy, an economic collapse, is indeed possible. This book charts a path that an economic collapse might take. It starts with the anatomy of a market crash and a credit crunch. It seeks to identify the danger zones from which another crash might arise. It then looks at how a crash might shock an economy already weak into an unarrested downward spiral. Spiraling Downward thus offers a way to think about the unthinkable. At a time when conventional views of recession and recovery prevail, this book asks us to consider a different proposition: maybe this time its different.
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This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.