The New Great Depression Winners and losers in a post-pandemic world

James Rickards

Book - 2021

"The current crisis is not like 2008 or even 1929. The new depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The wor...st is yet to come."--Amazon.

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Subjects
Genres
Instructional and educational works
Published
[New York] : Portfolio/Penguin, an imprint of Penguin Random House [2021]
Language
English
Physical Description
xxii, 182 pages : 24 cm
Bibliography
Includes bibliographical resources (pages 177-182).
ISBN
9780593330272
0593330277
Main Author
James Rickards (author)
  • Introduction
  • A new virus-from China to a town near you
  • One hundred days-chronicle of a lockdown
  • The New Great Depression
  • Debt and deflation derail recovery
  • Civilization's thin veneer
  • Investing in a post-pandemic world
  • Conclusion.
Review by Publisher Summary 1

"In The New Great Depression, James Rickards pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive -- even prosper -- during a time of unrivaled turbulence. Drawing on historical case studies, monetary theory, and behind-the-senes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what's really happening and what they can do about it"--

Review by Publisher Summary 2

A Wall Street Journal and National Bestseller!The man who predicted the worst economic crisis in US history shows you how to survive it.The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come. But for knowledgeable investors, all hope is not lost. In The New Great Depression, James Rickards, New York Times bestselling author of Aftermath and The New Case for Gold, pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive -- even prosper -- during a time of unrivaled turbulence. Drawing on historical case studies, monetary theory, and behind-the-scenes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what's really happening and what they can do about it. A must-read for any fans of Rickards and for investors everywhere who want to understand how to preserve their wealth during the worst economic crisis in US history.