"Compared with most of his peers, Brian Wesbury. . . looks like a raging bull. The economy, he boldly predicts, will grow . . . the stock market remains grossly . . . This is the opportunity of a lifetime for those buying a house. . . The author rightly makes the case that the current financial crisis was totally unnecessary. Its prime cause was the imposition of mark-to-market accounting rules. . . Wesbury also explains that the potential losses from subprime mortgages and exotic financial instruments in 2007 were less threatening to the system than was the banking crisis of some 20 years ago. . . Wesbury deals decisively and persuasively with other misconceptions. The big one: that it was the collapse of the housing bubble that led to panic in the fall of 2008 . . .As for the economy's current growth, Wesbury makes it clear that he doesn't think it's soundly based. In other words, investors have opportunities for big gains, but they'd better be nimble. Expansions fueled by excesses of Fed credit always end badly."
From the Inside Flap
Even with the economy feeling a little bit better, there is a real fear that markets will stay down and things won't ever get back to normal. But a few brave voices say that this attitude is just too pessimistic.
Capitalism has not failed. And it's not time to just give up—on free markets or a better tomorrow. History shows that every time the economy was thought to be done, worn out, finished, it bounced back. The economy is not as fragile as the pessimists think. In fact, things are already improving. Even housing is showing signs of life.
With It's Not as Bad as You Think, Brian Wesbury, ranked as one of the top economic forecasters by the Wall Street Journal and USA Today, shows you that the future is much brighter than you think. A great confluence of negativity and government mistakes dragged attitudes and the economy down, but this won't last. With this easy-to-follow analysis of tomorrow and guide through yesterday, Wesbury debunks the pouting pundits of pessimism to show you how to prosper now and in the future.
Page by page, It's Not as Bad as You Think:
- Reveals the real reasons behind the "Panic of 2008" and why it seems so much more severe than past crises
- Uncovers a history of entrepreneurship that you should trust
- Explains how a V-shaped recovery can take place and how wealth you had thought you lost can be found again
- Calls out the press for being overly negative about capitalism and shows how government policy compounded economic problems in 2008
- And much more
A breath of fresh air, Wesbury's objectivity and optimism provide welcome relief to the daily bad news stories. So if you need an antidote to conventional wisdom and are willing to look beyond the events that have already occurred, pick up It's Not as Bad as You Think and discover how you can capitalize on the profitable possibilities of tomorrow.