America has suffered two economic blows in less than a decade: the collapse of the dot.com bubble in 2000 and the collapse of the real estate bubble in 2007-2009. These blows have left the U.S. struggling to stay on its feet. Spiraling Downward considers the consequences if a still-weak America took another hit, another stock market crash and credit crunch. Given unaddressed imbalances in the US economy, an economic collapse, is indeed possible. This book charts a path that an economic collapse might take. It starts with the anatomy of a market crash and a credit crunch. It seeks to identify the danger zones from which another crash might arise. It then looks at how a crash might shock an economy already weak into an unarrested downward spiral. Spiraling Downward thus offers a way to think about the unthinkable. At a time when conventional views of recession and recovery prevail, this book asks us to consider a different proposition: maybe this time it’s different.
Peter Damaris has spent more than 30 years working in a variety of financial institutions and consulting firms both in the US and overseas. He has specialized in risk management, financial analysis, equity portfolio management, and distressed debt resolution. He holds bachelors and masters degrees in International Affairs with concentrations in Economics and East Asia. He and his wife currently reside in North Carolina
Paperback: 224 pages
Product Dimensions: 0.5 x 5.9 x 8.9 inches
Shipping Weight: 8 ounces