Contents
Preface to the Third Edition of Aftershock
Introduction: Your Guide to the Third Edition of Aftershock
Chapter 1 This Recovery Is 100 Percent Fake
Isn't a Fake Recovery Better than No Recovery at All?
If the Aftershock Has Not Been Canceled, Why Hasn't It Happened Yet?
Still Not Sure This Recovery Is 100 Percent Fake?
Don't Believe the Stimulus Has to Eventually End? There Is a Limit to What the Government Can Do
Wondering Why the Aftershock Hasn't Happened Already? “Animal Spirits” Are Keeping Us Going
Chapter 2 America's Bubble Economy
Because Our Earlier Books Were Right, Now You Can Be Right, Too
Didn't Other Bearish Analysts Get It Right, Too?
How the “Experts” Got It So Wrong
Predictions from Ben Bernanke and Henry Paulson—We Trust These Officials with Our Economy
Chapter 3 Phase 1: The Bubbles Begin to Burst
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 Real Estate Bubble
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
The Market Cliff Won't Be Just a “Down Cycle”
The Last Resort: A Stock Market Holiday
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