Money for Nothing: Real Wealth, Financial Fantasies and the Economy of the Future

by Roger Bootle

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Feeling bamboozled and confused by the stock market boom of the late 1990s? Bootle presents the perfect antidote: a sure-to-be controversial look at real wealth--the prospect of both deflation and depression--and economic life after the bubble.

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Average Customer Review: 5 out of 5 stars

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5 out of 5 stars

Highly Recommended!, 2005-09-14
A decade ago, economist Roger Bootle won respect for correctly predicting a long period of low inflation. In this wide-ranging look at the world economy, Bootle trades on that credibility to explain the origins of the dot-com bubble and to argue that the economy is in the midst of a housing bubble. He makes the convincing argument that stock-market gains are often little more than ephemera and he explores the idea of a knowledge-based economy. Bullish readers will be put off by Bootle's gloom and doom. Deflation has yet to occur, and the housing bubble he harps on has yet to burst in the time span since this work's publication. Still, we recommend this intriguing title to investors interested in a contrarian view of the markets and the economy.

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