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Great Deleveraging, The

Great Deleveraging, The

Economic Growth and Investing Strategies for the Future

Chip Dickson, Oded Shenkar

Sep 2010, Hardback, 336 pages
ISBN13: 9780132358101
ISBN10: 0132358107
£16.99
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In the past decade, the United States experienced two periods of excessive growth periods followed by two massive collapses: the technology and housing bubbles. Both were caused by illusions of growth and wealth creation: They were built on thin air. As an investor, how can you distinguish between “fake” wealth and the real thing? Where can you earn solid returns without falling victim to bubbles? Read The Great Deleveraging and find out. Former Wall Street analyst, strategist and Associate Director of Equity Research Chip Dickson and leading global business scholar Oded Shenkar first identify the policies and characteristics of societies most likely to generate real economic growth and investor wealth. Next, they outline specific lessons learned about bubbles and growth from nearly a century of investment returns. Finally, they identify global markets and sectors poised for high levels of sustainable growth--and make specific investment recommendations for each of them. In the wake of massive debt creation, history’s greatest deleveraging is now underway. For many investors, the next decade will be brutal. This book’s messages are designed to achiever real profits and real wealth creation. They are meant to help you navigate a challenging environment--and, hopefully, thrive.

As seen on TheStreet.com

Introduction 1

Chapter 1: The Great Leveraging 15

Chapter 2: Growth Realities 43

Chapter 3: Nine Decades of Real Asset Class Returns 63

Chapter 4: Global Economic Growth 101

Chapter 5: Bull and Bear Markets 125

Chapter 6: Global Growth Drivers 151

Chapter 7: Three Emerging Countries 167

Chapter 8: Private Sector Composition 183

Chapter 9: Industry Evolution 205

Chapter 10: The Great Deleveraging 233

Chapter 11: Market Signals 253

Chapter 12: Rules of the Road 275

Index 305

Identifies the global markets and sectors poised for highest levels of sustainable growth and where investors will see the biggest profits.

  • Learn to tell the difference between fake economic growth that creates bubbles, and real, sustainable growth.
  • Identify the world's future areas and sectors of long-term growth, and the investment vehicles best suited to capturing that growth.
  • A collaboration between a leading scholars of international business and a former Wall Street executive with exceptional investing insights.

    • Chip Dickson is a cofounder, Director of Research, and Strategist of DISCERN, an equity research firm. This follows a Wall Street career of twenty years as an Equity Analyst, Strategist, and Associate Director of Research. The firms he worked at included Lehman Brothers and Salomon Smith Barney. His work received high rankings from Institutional Investor and Greenwich Associates. He earned his MBA and BSBA from Babson College and holds the Chartered Financial Analyst designation.

    Oded Shenkar holds degrees in East-Asian (Chinese) Studies and Sociology from the Hebrew University of Jerusalem and a PhD from Columbia University. He is currently the Ford Motor Company Chair in Global Business Management and Professor of Management and Human Resources at the Fisher College of Business, The Ohio State University, where he heads the international business area and is also a member of the Centers for Chinese Studies and for Near East Studies. Professor Shenkar has been a Senior Fellow at the University of Cambridge and has taught at the Chinese University of Hong Kong, Hong Kong University of Science & Technology, Peking University, University of International Business and Economics (Beijing), and the International University of Japan, among many others.

    Professor Shenkar has published close to a hundred articles in leading journals. His books include The Chinese Century (Wharton School Publishing), which has been translated into twelve languages, and Copycats: how smart companies use imitation to gain a strategic edge (Harvard Business Press). His work has been cited by The Wall Street Journal, The New York Times, The Financial Times, The Los Angeles Times, USA Today, The Chicago Tribune, The Boston Globe, Business Week, The Economist, and many others.

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