Not as Bad (Hardcover)

Foreword.

Introduction.

Chapter 1 Getting the Right Perspective.

Fear and Anger are Understandable.

History versus Emotion.

Buck Up and Remember History.

Chapter 2 Capitalism Wins (Again).

Demand versus Supply.

The History of the World.

Inventions and Innovation.

Entrepreneurship.

The Turning Point.

Capitalism Wins, It's Not Over.

Chapter 3 Creative Destruction.

The Big “X”.

The Industrial Revolution.

The Call for Change.

A Wrong Drift, but a Cool Wind.

Inflation, Creative Destruction, and the Crisis.

Chapter 4 A Government Sponsored Recession.

The Housing Boom.

The Crisis Begins.

The Acceleration.

Why in the World Were They Doing That?

So, Why Blame Capitalists?

Chapter 5 Who Makes Your Glasses?

Are Consumers Rational?

What Is The Natural Rate of Interest?

Calculating the Natural Rate.

The Nominal GDP Rule.

Money and the Interest Rates.

The Fed-Induced Bubble.

We’ve Been Here Before.

Stupid Bankers, Or Not?

It Always Ends Bad: Volcker to the Rescue.

Then….

….And Now.

Chapter 6 Mark-to-Market Mayhem.

Government Failure vs. Market Failure.

Some Mark-to-Market Accounting History.

Mark-to-Market Creates Volatility.

Suspend Mark-to-Market.

A False Feeling of Control.

A Miracle Happened.

Chapter 7 Panic and the Speed of Money.

What Recession?

The Panic of 2008.

Mark-to-Market Mayhem.

AIG, Credit Default Swaps and Derivatives.

The V-Shaped Light at the End of the Tunnel.

Chapter 8 It's Not As Bad As You Think.

Consumer Spending.

Debt.

Growth, Debt and China.

Deleveraging.

Unemployment.

Savings Rates.

The Economy Will Recover.

Chapter 9 It's Boom Time Again.

Don't Fight the Fed.

1975-1976 Redux?

Can It Happen Again?

Panics End.

It Won't Stay Down Forever.

Undervalued Markets.

Productivity and Profits.

But Government Is Growing…

Chapter 10 Investing In the Midst of Mayhem.

The Super Easy Fed.

Buy U.S. Stocks for the Short- to Medium Term.

Stocks for the Long Term: Small Cap, Value and Momentum.

Inflation Plays for the Medium and Longer Term.

Foreign Equities.

Fixed Income.

Emotion and Investing.

Chapter 11 The New Normal.

Big Government Hurts.

Keynes and Government.

How Bad Can It Get?

Roosevelt, Carter or Clinton.

The Future Still Looks Bright.

Notes.

Acknowledgments.

About the Author.

Index.