The new great depression : winners and losers in a post-pandemic world / James Rickards.  (Text) (Text)

Rickards, James
Call no.: HC106.84 .R53 2021Publication: [New York] : Portfolio/Penguin, an imprint of Penguin Random House, c2021Description: xxii, 182 pISBN: 9780593330272 (hbk.); 0593330277 (hbk.)Subject(s): Monetary policyBanks and bankingFinancial crises -- Government policyCOVID-19 (Disease) -- Economic aspectsLOC classification: HC106.84 | .R53 2021
Contents:Introduction -- A new virus-- from China to a town near you -- One hundred days-- chronicle of a lockdown -- The new great depression -- Debt and deflation derail recovery -- Civilization's thin veneer -- Investing in a post-pandemic world -- Conclusion.
Summary: "The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come."--Amazon.
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Includes bibliographical resources (p. 177-182).

Introduction -- A new virus-- from China to a town near you -- One hundred days-- chronicle of a lockdown -- The new great depression -- Debt and deflation derail recovery -- Civilization's thin veneer -- Investing in a post-pandemic world -- Conclusion.

"The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come."--Amazon.

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