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Beyond Our Means: How America's Long Years of Debt, Deficits, and Reckless Borrowing Now Threaten to Overwhelm Us

Malabre, Alfred

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ISBN 10: 0394543459 / ISBN 13: 9780394543451
Verlag: Random House, Westminster, Maryland, U.S.A., 1987
Gebraucht Zustand: Fine Hardcover
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0394543459 Near Fine Quality, Value, Experience. Media Shipped in New Boxes. Buchnummer des Verkäufers FEB486

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Bibliografische Details

Titel: Beyond Our Means: How America's Long Years ...

Verlag: Random House, Westminster, Maryland, U.S.A.

Erscheinungsdatum: 1987

Einband: Hardcover

Zustand:Fine

Zustand des Schutzumschlags: Near Fine

Auflage: First Edition.

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Inhaltsangabe:

Beyond Our Means: How America's Long Years of Debt, Deficits, and Reckless Borrowing Now Threaten to Overwhelm Us

From Publishers Weekly:

The American economy is heading toward collapse, warns Wall Street Journal economist Malabre ( America's Dilemma, Understanding the Economy et al.). Although each is $35,000 in debt, Americans in the aggregate nevertheless consume yearly a million pounds of caviar, pay industrial workers far more than their competitors earn abroad and reward executives with "outrageous" salaries. Worse, shows the author, with the "hokum" of supply-side Reaganomics, consumer debt, government budget deficits, Third-World risk to U.S. lender banks and "junk bond" erosion of corporate equity continue to increase, while the rate of personal saving needed to finance no-longer competitive American industry lags at one or two percent (as compared to 20% in Japan). Corporate borrowing is sometimes equal to the entire market value of a company's shares. Economic disaster worldwide is an imminent possibility, cautions Malabre, but he sees a 50/50 chance of strong government remedial regulation and debt reduction by fiat to put us where we thought we were while living beyond our means.
Copyright 1987 Reed Business Information, Inc.

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