{"product_id":"the-interest-of-time-a-great-balance-sheet-recession-9780578427157","title":"The Interest of Time: A Great Balance Sheet Recession","description":"\u003cp\u003eThe Interest of Time is a book about \u003cem\u003eyour\u003c\/em\u003e Money.\u003c\/p\u003e\u003cp\u003eAs we approach the 10-year anniversary of the events that led to the \u003cem\u003eGlobal\u003cbr\u003e Financial Crisis\u003c\/em\u003e, the economies around the world have yet to regain pre-crisis\u003cbr\u003e growth levels. After unprecedented levels of stimulus, the US has embarked\u003cbr\u003e on a process of normalization of interest rates. Will the central banks of\u003cbr\u003e the world raise rates before the private sector has repaired their balance sheets?\u003cbr\u003e Or will another recession put us on a collision course with 0% interest rates and\u003cbr\u003e the Zero Lower Bound?\u003c\/p\u003e\u003cp\u003eThere are two ways to build wealth. \u003cem\u003eMake more\u003c\/em\u003e money. Or \u003cem\u003espend less\u003c\/em\u003e. Traditional\u003cbr\u003e economic theory relies on households and corporations who are always\u003cbr\u003e trying to \"maximize profits\" (make more money). However, once every 50-100\u003cbr\u003e years, a special type of debt-driven recession damages balance sheets so drastically it changes people's thinking. They go into balance sheet repair mode. They \u003cem\u003espend less\u003c\/em\u003e, instead of trying to \u003cem\u003emake more\u003c\/em\u003e.\u003c\/p\u003e\u003cp\u003e\u003cem\u003eThe Great Depression\u003c\/em\u003e was a \u003cem\u003eBalance Sheet Recession\u003c\/em\u003e that lasted over 12\u003cbr\u003e years and caused a global depression that fueled the start of World War II.\u003cbr\u003e Japan's Lost Decade is a \u003cem\u003eBalance Sheet Recession\u003c\/em\u003e and has been raging for\u003cbr\u003e almost 2 decades now.\u003c\/p\u003e\u003cp\u003eAnd finally, the \u003cem\u003eGlobal Financial Crisis\u003c\/em\u003e, or \u003cem\u003eThe Great Recession\u003c\/em\u003e, is a \u003cem\u003eBalance\u003cbr\u003e Sheet Recession.\u003c\/em\u003e And it is not over.\u003c\/p\u003e\u003cp\u003eEverybody knows that there was a financial crisis that occurred in 2008. This\u003cbr\u003e is the true story about how the 30 million families that found themselves in underwater balance sheets recovered from the greatest financial crisis since \u003cem\u003eThe Great Depression\u003c\/em\u003e. Many more are still struggling under the weight of backbreaking debt and stagnant wages in the US, and around the world.\u003c\/p\u003e\u003cp\u003eThis book is about the \u003cem\u003eGreat Balance Sheet Recession\u003c\/em\u003e, why it happened, how\u003cbr\u003e the governments, households and corporations of the world can deal with it, \u003cbr\u003e and steps you can take to strengthen your family's balance sheet for the future.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Alejandro Reyes\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Coldmark Press LLC\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/19\/2018\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 328\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.40lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.88d\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780578427157\u003cbr\u003e\u003cp\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003e\u003ci\u003eReyes, Alejandro:\u003c\/i\u003e\u003c\/b\u003e - Alejandro Reyes is the Managing Editor of the Rainmaker Investor Report, a global macroeconomic research note. Alejandro's expertise is in Federal Reserve Monetary Policy and is a student of the Great Depression. He began his career at Morgan Stanley and has worked at Indymac Bank and Merrill Lynch during his tenure in banking. Alejandro lives in upstate New York with his wife and three children.\u003c\/p\u003e\u003cp\u003e\u003ci\u003eThis title is not returnable\u003c\/i\u003e\u003cbr\u003e\u003c\/p\u003e","brand":"Coldmark Press LLC","offers":[{"title":"Hardcover","offer_id":40055142940787,"sku":"9.78E+12","price":30.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0555\/9255\/0515\/products\/img_cfbae305-2aa4-42ba-b807-8d1b91cf1d10.jpg?v=1651413201","url":"https:\/\/bookstorenmore.com\/products\/the-interest-of-time-a-great-balance-sheet-recession-9780578427157","provider":"Bookstore N More","version":"1.0","type":"link"}