John R. Talbott is a prescient, provocative financial writer. In this book, he points the finger at those he sees as the real culprits behind the global financial collapse. He relates the U.S. real estate market slump to the broader economic deterioration in American fundamentals. He forecasts a long, hard road to recovery, one that is so difficult, he says, that the U.S. may choose not to take it. That, of course, would be a disastrous decision, but he pessimistically posits that it would be in keeping with the self-centered baby boom generation. In addition to diagnosing a nearly terminal disease of corruption in the American system, Talbott makes some recommendations for investment strategies that getAbstract finds may help individuals cope with challenging times.
In this summary, you will learn
- What caused the financial crisis;
- What it will take to repair the enormous damage; and
- How to protect yourself from a long, difficult economic winter.
About the Author
John R. Talbott is a best-selling author, a former investment banker for Goldman Sachs and a former visiting scholar at UCLA’s Anderson School of Management.