Table of Content
Foreword . . . xiii Acknowledgments . . . xv About the Author . . . xvi Introduction . . . 1 Chapter 1: The Fed Sentences the Consumer to Debtor''s Prison . . .7 An Economic Recovery Built on Borrowed Money . . . 8 The Fed''s Potion of Low Rates and Rising Home Prices Becomes an Economic Elixir . . . 14 A Chicken in Every Pot? Try a Hummer in Every Garage. . . 15 The Three Cs of Credit Give Way to Financial Innovation . . . 19 Chapter 2: The Biggest Gamblers Go "All In" on the Housing Bet . . .35 Trouble in Paradise . . . 37 The Canary Died Unheard from the Boardrooms, Yachts, and Golf Courses . . . 39 The Credit Bubble Draws in Every Last Bull . . . 46 Chapter 3: Financial Chaos . . . 53 The Crisis Moves from Subprime to Prime Time . . . 61 Chapter 4: Quis Custodiet Ipsos Custodes? . . . 71 An Alphabet Soup of Rescue Acronyms Will Save Us. . . 72 Strategy Number Two: Spend Our Way Out of a Spending Problem . . . 75 The Vestigial Effects of the Crisis Come into Focus . . . 79 The Visible Hand Is Coming into View, and It''s All Thumbs . . . 92 Chapter 5: A New Landscape for Investors . . . 101 Entrepreneurialism Is Thriving in Many Key Emerging Markets. . . . 105 Crisis Is an Opportunity for Those in a Position to Seize the Opportunity. . . 111 The New Landscape . . . 113 Chapter 6: China: Ready for Prime Time . . . 117 A Culture Well Suited for Capitalism. . . 119 Putting Those Rainy-Day Savings to Work in the Worst Storm of the Past Century . . . 122 Urbanization Is the Growth Engine . . . 126 The Path Toward Consumerism and the Domestic Economy. . . 128 Prime-Time Products . . . 135 Chapter 7: Proteins and Agribusiness: Billions and Billions to Be Served . . .141 Where''s the Beef (and Chicken and Pork, Too)? . . . 142 Eating Good in the Global Neighborhood . . . 146 Brazil Has the Competitive Advantages in Agribusiness. . . 152 Strong Fundamentals Across the Value Chain. . .161 Chapter 8: Formula for Success: Rise Early, Work Hard, Strike Oil . . .165 In the Long Term, Healthy Demand Meets Higher Cost Supply. . . 170 Market Distortions from the Fed''s Loose Credit and Easy Money . . . 179 Seeking Alternatives in the Hydrocarbon Space. . . 191 Chapter 9: An All-Too-Common Tragedy . . . 201 Human Behavior Is Timeless . . . 202 Strong Demand Underscores the Overexploitation . . . 206 A Tragedy Leads to an Opportunity . . . 210 Chapter 10: What Happens When 700 Million Students Want Extra Help?. . .217 Spending on Education Takes Precedence in Many Emerging-Market Households. . . 220 The Role of Technology and Innovation . . . 223 10 Million Students Applying for 6 Million Spots in College-No Pressure . . . 225 Continuing Education. . . 227 Financial Crisis Portends Continued Growth in the Emerging-Market Education Services. . . 230 Education Plays and Their Fundamental Dynamics . . . 234 Chapter 11: A Rare Opportunity . . . 241 Demand for Global Technology Remains Strong. . . 242 It''s Not Easy Being Green . . . 245 There Is Oil in the Middle East; There Are Rare Earths in China. . . 249 Index . . . 257
