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In the past decade, the United States experienced two periods of excessive growth periods followed by two massive collapses: the technology and housing bubbles. Both were caused by illusions of growth and wealth creation: They were built on thin air. As an investor, how can you distinguish between “fake” wealth and the real thing? Where can you earn solid returns without falling victim to bubbles? Read The Great Deleveraging and find out. Former Wall Street analyst, strategist and Associate Director of Equity Research Chip Dickson and leading global business scholar Oded Shenkar first identify the policies and characteristics of societies most likely to generate real economic growth and investor wealth. Next, they outline specific lessons learned about bubbles and growth from nearly a century of investment returns. Finally, they identify global markets and sectors poised for high levels of sustainable growth--and make specific investment recommendations for each of them. In the wake of massive debt creation, history’s greatest deleveraging is now underway. For many investors, the next decade will be brutal. This book’s messages are designed to achiever real profits and real wealth creation. They are meant to help you navigate a challenging environment--and, hopefully, thrive.
As seen on TheStreet.com
Chapter 1: The Great Leveraging 15
Chapter 2: Growth Realities 43
Chapter 3: Nine Decades of Real Asset Class Returns 63
Chapter 4: Global Economic Growth 101
Chapter 5: Bull and Bear Markets 125
Chapter 6: Global Growth Drivers 151
Chapter 7: Three Emerging Countries 167
Chapter 8: Private Sector Composition 183
Chapter 9: Industry Evolution 205
Chapter 10: The Great Deleveraging 233
Chapter 11: Market Signals 253
Chapter 12: Rules of the Road 275