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U.S. Household Debt |
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| According to many experts, the economy is at risk of collapsing under the enormous weight of consumer debt. This theory holds that homeowners owe so much money on their mortgages that it’s just a matter of time until they have to cut back on their spending, default on their payments, or both. |
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The Reverse Brain Dr |
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| As we뭭e discussed on many occasions, the primary driver of economic well being in the rest of the 21st century will be innovation. For more than a century, the United States has been the world뭩 most vibrant economy ?largely because it has been the consistent leader in scientific research and innovation. Regardless of whether you measured this innovation in terms of scientific papers published, or the number of patents issued, the U.S. always left the competition in the dust. |
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The "Efficient Marke |
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| The 밻fficient market hypothesis,?which Wall Street embraced for decades, holds that in a market where everyone has equal access to the same information, rational investors will set stock prices ?and the prices will reflect the generally understood information about the value of those stocks. No one has an unfair advantage ?and no one is supposed to be able to beat the market over the long term. This is the foundation upon which the $1 trillion index-fund industry rests. |
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A New Social Contrac |
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| The implications of the political realignment we’ve been discussing will be much more pervasive than most people yet realize. Why? Because pressure has been building for a new social contract ever since the realignment of 1968. |
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Hot, Flat, and Crowd |
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| 저자 | Thomas L. Friedman |
| 출판사 | Farrar, Straus and Giroux |
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