Summary of The New Era of Wealth
How Investors Can Profit From the 5 Economic Trends Shaping the Future
If you’re such an optimist that you could see the good side of a head cold, you’ll particularly like this totally cheerful view of the U.S. economy and the coming new era of booming prosperity. As Candide would say, it’s the best of all possible worlds and it couldn’t possibly be any better (well, maybe a bit better, if you invest in even more technology and leisure stocks).
Hold on to your hat, money’s coming! Brian S. Wesbury argues that a New Era is dawning, marked by increasing returns, entrepreneurial opportunities, and wealth for everyone. Wesbury draws on the last five years’ most important economic ideas and takes an optimistic view of the next five years. While technology gurus will do best of all, it sounds like you and all your friends and relations will do well enough to have custom-made golf clubs and two weeks at the beach. This book satisfies several levels, from stock market pointers to useful insights into the U.S. economy. Wesbury engages some of your most commonly held, business school ideas on economics and, if you live in the United States (this is a very U.S.- oriented tome), makes you feel pretty good about your future. getAbstract recommends this book to those interested in the stock and bond market, or the connection between the economy and politics. It is particularly useful if you are managing your own portfolio.
In this summary, you will learn
- How wealth entered the United States on the shoulders of technology;
- Why you should invest in stocks; and
- How to invest successfully.
About the Author
Brian S. Wesbury is vice president and chief economist at Griffin, Kubik, Stephens & Thompson in Chicago. He is a frequent guest on CNBC and has written for The Wall Street Journal, Business Week, and Forbes.
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