Contents
Preface to the Second Edition of Aftershock
Introduction: Your Guide to the Second Edition of Aftershock
Part I: First the Bubblequake, Next the Aftershock
Chapter 1: America’s Bubble Economy
Because Our First Two Books Were Right, Now You Can Be Right, Too
Didn’t Other Bearish Analysts Get It Right, Too?
How the “Experts” Got It Wrong
Predictions from Ben Bernanke and Henry Paulson—We Trust These Officials with Our Economy
Chapter 2: Phase I: The Bubblequake
Bubbles “R” Us: A Quick Review of America’s Bubble Economy
From Boom to Bust: The Virtuous Upward Spiral Becomes a Vicious Downward Spiral
Pop Goes the Stock Market Bubble
Pop Goes the Private Debt Bubble
Pop Goes the Discretionary Spending Bubble
The Biggest, Baddest, Bad Loan of Them All
Chapter 3: The Medicine Becomes Poison: Dangerous Inflation Ahead
Many Experts Don’t See That We Are in a Bubble Economy So They Aren’t Worried About Inflation
The Arguments against Future Inflation Don’t Hold Up
How the Fed May Delay the Onset of Inflation
Exactly When Will Inflation Begin?
The Deeper Causes of Inflation