Table of Contents

Intro

Section I

1.The Market is the Message
2.How Much Risk Is Too Much Risk?
3.Hyman Minsky, A Lefty Who Had It Right
Section II: Asset Market Upheaval: The Cycle Driver for the Past 20 Years

4.Not Iraq and Tanks, Debt and Banks, the 1990 Recession
5: Tulips in Tokyo: The Asset Inflation/Deflation That Consigned Japan to a Lost Decade
6: The Asian Contagion: What Went Up Went Down, With a Vengeance!
7: The 2000 Recession, From Brave New World Boom to Wild Technology Share Price Bust
8: The Spectacular Slide For House Prices, Consumer Purchasing Power, the 2008 Recession

Section III: Concluding Observations

9: Mainstream Economics: A Slavish Devotion To Rational Market Theories
10: The Politics of Economics: Confusing Free Market Triumph with free market infallibility
11: The Punch Line: Embrace Capitalism but don’t forget the seat belts and the air bags

About the Author

Robert J. Barbera, Ph.D., is executive vice president and chief economist at ITG and an Economics Department Fellow at Johns Hopkins University. He has been a noted Wall Street economist for over 25 years. Before arriving on Wall Street, Barbera was a staff economist for Senator Paul Tsongas and an economist for the Congressional Budget Office.