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The Descent of Finance
Ferguson, NiallArticle HBS-R0907D-EEconomicsWhat if the current recession turns out to be like the Great Depression of 1929-1933? Four years from now, the United States might find itself with a still-shrinking economy, half as many banks as in 2009, a third as many hedge funds, and retail banking resembling a public utility. The federal debt could be at $20 trillion, the top income tax rate at 45%, and the S&P 500 at 418. Ferguson, a professor at Harvard University and Harvard Business Sch...Starting at €8.20
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El descenso de las finanzas
Ferguson, NiallArticle HBS-R0907DEconomics¿Qué pasa si la actual recesión resulta ser igual que la Gran Depresión de 1929-1933? Cuatro años a partir de ahora, los Estados Unidos podrían encontrarse con una economía aún se contrae, la mitad de los bancos como en 2009, una tercera parte de los fondos de cobertura, y la banca minorista se asemeja a un servicio público. La deuda federal podría ser de $ 20 billones de dólares, la tasa máxima sobre los ingresos de impuestos al 45%, y el S & P ...Starting at €8.20