Cover -- Contents -- Introduction -- Five Major Events Driving Globalization -- Chapter 1 The Great Leveraging -- Sources and Forces of the Debt Expansion -- Sources and Endnotes -- Chapter 2: Growth Realities -- Cycles -- A Strong Private Sector Is a Must -- Concentration, Dispersion, and Diversification -- Chapter 3: Nine Decades of Real Asset Class Returns -- Nine Decades of Real Returns for Eight Asset Classes -- 1920s and Before -- 1930s -- 1940s -- 1950s -- 1960s -- 1970s -- 1980s -- 1990s -- The 2000s -- Endnotes -- Chapter 4: Global Economic Growth -- The United States Emerges as the Leading Global Economy -- Demographic and Other Shifts -- Per Capita Growth -- Endnotes -- Chapter 5: Bull and Bear Markets -- Characteristics of an Equity Bull Market -- Characteristics of an Equity Bear Market -- The Great Bull Markets -- A New Beginning and the End of the Malaise: 1982-1987 -- The Information Age, a Peace Dividend, and Y2K: 1990-2000 -- The Big Bear Markets -- Chapter 6: Global Growth Drivers -- Leveraging Comparative Advantage -- Analyzing National Environments -- International Market Features -- Chapter 7: Three Emerging Countries -- China -- India -- Israel -- Chapter 8: Private Sector Composition -- Company Characteristics -- The Sectors and the Industry Groups -- Endnotes -- Chapter 9: Industry Evolution -- The Growth of the Financial Services Sector -- Industry Trends and Challenges -- Endnotes -- Chapter 10: The Great Deleveraging -- The Last Deleveraging: 1930-1953 -- The Next Deleveraging -- Nonfinancial Corporations -- Chapter 11: Market Signals -- Valuation -- Prior Returns -- Interest Rates and Valuation -- Interest Rate Spreads -- Liquidity Metrics -- Gold and the Dollar -- Conclusion -- Chapter 12: Rules of the Road -- Know Your Financial Self -- Build a Personal Balance Sheet -- Understand Your Appetite for Risk.

Develop a Saving Discipline -- Preserve Principal -- Develop a Spending Discipline -- Diversify the Portfolio -- Identify the Market Phase-Structural Bull Market or Structural Bear Market -- Apply Basic Investment Disciplines -- Have a Sell Discipline -- Education, Get More -- The Goal Is to Beat Your Financial Benchmark -- Endnotes -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J-K -- L -- M -- N -- O-P -- R -- S -- T -- U-V -- W -- X-Y-Z.

In a World of Debt and Bubbles, Learn Important Lessons to Navigate These Turbulent Times   In the past decade, the United States experienced two periods of excessive growth followed by two massive financial collapses: the technology and housing bubbles. Both were caused by illusions of growth and wealth creation: Much of the foundation was not real. As an investor, how can you distinguish between “fake” growth and the real thing? What disciplines help you find solid returns and provide warning signs about bubbles?   Former Wall Street analyst, strategist, and Associate Director of Equity Research Chip Dickson and leading global business scholar Oded Shenkar first identify the policies and characteristics of societies most likely to generate real economic growth and investor wealth. Next, they outline specific lessons learned about bubbles and growth from nearly a century of investment returns. Finally, they identify global markets and sectors that appear well poised for sustainable growth.   In the wake of massive debt creation, history’s greatest deleveraging is now underway. For many investors, the next decade will be brutal. This book’s messages are designed to help achieve real profits and create real wealth. They are meant to help you navigate a challenging environment--and, hopefully, thrive. Massive debt in the United StatesWhere it came from and its implications Stable economies, stable industries, solid investmentsThoughts on finding solid, sustainable growth opportunities in an unstable global economy Lessons from 90 years of real asset class returnsThe history may surprise you, and it should give you greater perspective Long-term opportunities from three emerging economiesMarkets that appear poised for sustainable, real growth.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2019. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.