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Past Due: The End of Easy Money and the Renewal of the American Economy - Couverture rigide

Goodman, Peter S.

 
9780805089806: Past Due: The End of Easy Money and the Renewal of the American Economy
Couverture rigide
ISBN 10 : 0805089802 ISBN 13 : 9780805089806
Editeur : Henry Holt & Company Inc, 2009

Synopsis

When the financial crisis struck in 2008, Main Street felt the blow just as hard as Wall Street. The "New York Times" national economics correspondent Peter S. Goodman takes us behind the headlines and exposes how the flow of capital from Asia and Silicon Valley to the suburbs of the housing bubble perverted America's economy. He follows a real estate entrepreneur who sees endless opportunity in the underdeveloped lots of Florida - until the mortgages for them collapse. And he watches as an Oakland, California-based deliveryman, unable to land a job in the biotech industry, slides into unemployment and a homeless shelter. As Goodman shows, for two decades Americans binged on imports and easy credit, a spending spree abetted by ever-increasing home values - and then the bill came due. Yet even in a new environment of thrift and pullback, Goodman argues that economic adaptation is possible, through new industries and new safety nets. His tour of new businesses in Michigan, Iowa, South Carolina, and elsewhere and his clear-eyed analysis point the way to the economic promises and risks America now faces.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Présentation de l'éditeur

When the financial crisis struck in 2008, Main Street felt the blow just as hard as Wall Street. The "New York Times" national economics correspondent Peter S. Goodman takes us behind the headlines and exposes how the flow of capital from Asia and Silicon Valley to the suburbs of the housing bubble perverted America's economy. He follows a real estate entrepreneur who sees endless opportunity in the underdeveloped lots of Florida - until the mortgages for them collapse. And he watches as an Oakland, California-based deliveryman, unable to land a job in the biotech industry, slides into unemployment and a homeless shelter. As Goodman shows, for two decades Americans binged on imports and easy credit, a spending spree abetted by ever-increasing home values - and then the bill came due. Yet even in a new environment of thrift and pullback, Goodman argues that economic adaptation is possible, through new industries and new safety nets. His tour of new businesses in Michigan, Iowa, South Carolina, and elsewhere and his clear-eyed analysis point the way to the economic promises and risks America now faces.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Henry Holt & Company Inc
Date d'édition
2009
Langue
anglais
ISBN 10 
0805089802
ISBN 13 
9780805089806
Reliure
Relié
Nombre de pages
288
Coordonnées du fabricant
non disponible
Personne responsable
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