Boombustology by Vikram Mansharamani

Author:Vikram Mansharamani
Language: eng
Format: epub
Publisher: Wiley
Published: 2011-02-03T16:00:00+00:00

The Multilens Look

This discussion of the Great Depression was intended to demonstrate the power of a multidisciplinary framework through which to analyze financial extremes. A summary of the discussion is listed in Table 7.4. The next chapter will similarly illustrate the power of this five-lens framework during the Japanese boom and bust.

Table 7.4 The Five-Lens Approach to the Great Depression

Lens Notes

Microeconomics Reflexive credit/collateral tendencies

Higher prices induced buyers

Lower prices induced sellers

Macroeconomics Inappropriately cheap money

Financial innovation (leverage via “binders”)

Psychology New era thinking (new industries)

World’s tallest skyscrapers (40 Wall, Chrysler, Empire State Building)

Politics End of war

Prohibition inspired money flows

Re-regulation, blame game

Biology Amateur Investors (“national mania”)

Silent Leadership (Florida governor, JP Morgan)

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.