Past due: the end of easy money and the renewal of the American economy

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Times Books,
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How Main Street was hit by—and might recover from—the financial crisis, by The New York Times’s national economics correspondent

When the financial crisis struck in 2008, Main Street felt the blow just as hard as Wall Street. The New York Times national economics correspondent Peter S. Goodman takes us behind the headlines and exposes how the flow of capital from Asia and Silicon Valley to the suburbs of the housing bubble perverted America’s economy. He follows a real estate entrepreneur who sees endless opportunity in the underdeveloped lots of Florida—until the mortgages for them collapse. And he watches as an Oakland, California-based deliveryman, unable to land a job in the biotech industry, slides into unemployment and a homeless shelter. As Goodman shows, for two decades Americans binged on imports and easy credit, a spending spree abetted by ever-increasing home values—and then the bill came due.

Yet even in a new environment of thrift and pullback, Goodman argues that economic adaptation is possible, through new industries and new safety nets. His tour of new businesses in Michigan, Iowa, South Carolina, and elsewhere and his clear-eyed analysis point the way to the economic promises and risks America now faces.

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Grouped Work ID 69b73a54-2e1f-8a62-bebd-fc97011fabb7
full_title past due the end of easy money and the renewal of the american economy
author goodman peter s
grouping_category book
lastUpdate 2017-06-24 11:04:01AM

Solr Details

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author Goodman, Peter S.
author-letter Goodman, Peter S.
author_additional Peter S. Goodman.
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oclc (OCoLC)317928645
owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
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physical x, 336 p. ; 25 cm.
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primary_isbn 9780805089806
publishDate 2009
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publisher Times Books,
rating 2.5
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record_details ils:.b13262051|Book|Books|1st ed.|English|Times Books,|c2009.|x, 336 p. ; 25 cm.
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subject_facet United States -- Economic conditions -- 2001-2009
table_of_contents The age of easy money -- The credit diet -- Profits of Neverland -- The debts of the new economy -- Full faith -- Home rich -- Locked out -- Lost work -- Rebuilding the American economy -- Waking up to the new thrift -- Healing cape coral -- Shovel ready -- Seed capital -- The renewable economy -- Insourcing the future.
target_audience Adult
target_audience_full Adult
title Past due : the end of easy money and the renewal of the American economy
title_alt End of easy money
title_display Past due : the end of easy money and the renewal of the American economy
title_full Past due : the end of easy money and the renewal of the American economy / Peter S. Goodman
title_short Past due :
title_sort past due the end of easy money and the renewal of the american economy
title_sub the end of easy money and the renewal of the American economy