The New Great Depression from Penguin Random House at the Book Checkout

The New Great Depression
The New Great Depression
Subtitle:
Winners and Losers in a Post-Pandemic World
Book Category:
Business & Economics > Finance > Wealth Management
Author:
RICKARDS, JAMES
Editor::
Papadopoulos, Niki
Binding:
Hardcover
ISBN 13:
9780593330272
Price:
US 29

Publisher Info

Penguin Random House.

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Book Description

The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion.