It's Not as Bad as You Think: Why Capitalism Trumps Fear and the Economy Will ThriveISBN: 978-0-470-23833-2
Hardcover
224 pages
November 2009
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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"Compared with most of his peers, Brian Wesbury. . . looks like a
raging bull. The economy, he boldly predicts, will grow . . . the
stock market remains grossly . . . This is the opportunity of a
lifetime for those buying a house. . . The author rightly makes the
case that the current financial crisis was totally unnecessary. Its
prime cause was the imposition of mark-to-market accounting rules.
. . Wesbury also explains that the potential losses from subprime
mortgages and exotic financial instruments in 2007 were less
threatening to the system than was the banking crisis of some 20
years ago. . . Wesbury deals decisively and persuasively with other
misconceptions. The big one: that it was the collapse of the
housing bubble that led to panic in the fall of 2008 . . .As for
the economy's current growth, Wesbury makes it clear that he
doesn't think it's soundly based. In other words, investors have
opportunities for big gains, but they'd better be nimble.
Expansions fueled by excesses of Fed credit always end
badly."
—Forbes magazine
—Forbes magazine