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Download The American Phoenix: And Why China and Europe Will Struggle After the Coming Slump epub

by Charles Dumas,Diana Choyleva

“Charles Dumas...clear analysis and convincing detail” –Paul A. Volcker

2012 will bring another global economic crisis. It could have been avoided if America and other deficit countries had embarked on currency devaluation and tighter domestic policy to sustain recovery and growth, but they didn't. Savings-rich countries, notably China, have not helped.

Charles Dumas and Diana Choyleva go on to argue that America will emerge from the slump in the strongest shape. These are precarious times. To understand and prepare for them, this book will be invaluable

Charles Dumas is chairman of Lombard Street Research in London, United Kingdom.

Diana Choyleva is a director of Lombard Street Research, based in Hong Kong, China.

Download The American Phoenix: And Why China and Europe Will Struggle After the Coming Slump epub
ISBN: 1846685648
ISBN13: 978-1846685644
Category: Business
Subcategory: Economics
Author: Charles Dumas,Diana Choyleva
Language: English
Publisher: Profile Books; Main edition (October 25, 2011)
Pages: 224 pages
ePUB size: 1326 kb
FB2 size: 1728 kb
Rating: 4.7
Votes: 173
Other Formats: azw txt lrf mbr

The book is very informative but is dated information. But it does provide a very thorough analysis of the financial crisis of the late 2000's.
This book is filled with facts and figures supporting its thesis, which is well stated by the title. Unfortunately, for someone like me with a beginners knowledge of economics, it was a difficult read. I found myself re-reading a lot of sentences to catch all the nuances. I had to force myself to finish the book. I ended up with a better understanding of the current world ecomonic situation, but I didn't have fun in the process.
Dumas and Choyleva go to the realities behind the pieties and fright-headlines in a mainstream media the quality of fan magazines at the check-out counter. De Tocqueville based his appraisal not just on the exceptional spirit of the amalgam of races and nationalities comprising the fabric of America. He also based his assessment on the advantages of geography (the US has an exceptional number of navigable rivers for moving freight) to the raw materials and natural resources. In the ensuing years, we have done the right thing...the reverse of the rest of the world who moves passengers by rail and freight by road. Despite the call for more passenger rail (which will go as unused as all public transportation in the US), not without imbalances, the US has chosen wisely

The authors have done much the same, going beneath the glitzy headlines of China's growth in the manufacturing arena (we're still waiting for Chinese-designed cars and computers) to less publicized realities of state-dictated life with over 45 million people living in caves (yes, that's a harsh reality the economic writers at the NYT don't report. This is the same Potemkin-style economy our current president has pointed at as a model for America to emulate.

The authors point to the ineluctable realities of a country that still maintains the individual is worthwhile, to a country which has a thriving human-organ-on-demand industry, or to the eternal battleground of disparate cultures whipped into an odd gallimaufry of unwilling and unequal allies. The EU is revealed as the fantasy it is. You cannot build a cohesive union on two millenia of scars continuously inflicted since the Caesars. The Muslim population is not what will topple the EU this's the homegrown Europeans who will drive the stakes into each other's hearts. 2,000 years of internecine war is difficult to forget. So they curse each other under their breath, put their money in a hole in the backyard (as the authors point up, their efforts go into making exports which drives up the cost of goods at home. The authors refer to those nations as "savings gluttons").

As long as Americans can maintain the spirit that brought us to this point...warts and all, we will prevail the coming shifts.