Contents
Chapter 1. The Fed Sentences the Consumer to Debtor’s Prison
An Economic Recovery Built on Borrowed Money
The Fed’s Potion of Low Rates and Rising Home Prices Becomes an Economic Elixir
A Chicken in Every Pot? Try a Hummer in Every Garage
The Three Cs of Credit Give Way to Financial Innovation
Chapter 2. The Biggest Gamblers Go “All In” on the Housing Bet
The Canary Died Unheard from the Boardrooms, Yachts, and Golf Courses
The Credit Bubble Draws in Every Last Bull
The Crisis Moves from Subprime to Prime Time
Chapter 4. Quis Custodiet Ipsos Custodes?
An Alphabet Soup of Rescue Acronyms Will Save Us
Strategy Number Two: Spend Our Way Out of a Spending Problem
The Vestigial Effects of the Crisis Come into Focus
The Visible Hand Is Coming into View, and It’s All Thumbs
Chapter 5. A New Landscape for Investors
Entrepreneurialism Is Thriving in Many Key Emerging Markets
Crisis Is an Opportunity for Those in a Position to Seize the Opportunity
Chapter 6. China: Ready for Prime Time
A Culture Well Suited for Capitalism
Putting Those Rainy-Day Savings to Work in the Worst Storm of the Past Century
Urbanization Is the Growth Engine
The Path Toward Consumerism and the Domestic Economy
Chapter 7. Proteins and Agribusiness: Billions and Billions to Be Served
Where’s the Beef (and Chicken and Pork, Too)?
Eating Good in the Global Neighborhood
Brazil Has the Competitive Advantages in Agribusiness
Strong Fundamentals Across the Value Chain
Chapter 8. Formula for Success: Rise Early, Work Hard, Strike Oil
In the Long Term, Healthy Demand Meets Higher Cost Supply
Market Distortions from the Fed’s Loose Credit and Easy Money
Seeking Alternatives in the Hydrocarbon Space
Chapter 9. An All-Too-Common Tragedy
Strong Demand Underscores the Overexploitation
A Tragedy Leads to an Opportunity
Chapter 10. What Happens When 700 Million Students Want Extra Help?
Spending on Education Takes Precedence in Many Emerging-Market Households
The Role of Technology and Innovation
10 Million Students Applying for 6 Million Spots in College—No Pressure
Financial Crisis Portends Continued Growth in the Emerging-Market Education Services
Education Plays and Their Fundamental Dynamics
Chapter 11. A Rare Opportunity
Demand for Global Technology Remains Strong
There Is Oil in the Middle East; There Are Rare Earths in China