Contents
Preface: To the Reader: Why This Book?
Part I: Why the Great Moderation— and Its Bull Market—Won’t Return
Chapter 1: Introduction: Avoiding Californication
Chapter 2: The Fall, Rise, and Slow Crash of California, 1981–2010
Chapter 3: Your Country Is Getting Older, and Your Government Is Bankrupt
Chapter 4: Cutting Up America’s Credit Card: International Demographic Trends
Chapter 5: The Devil’s Bargain: Inflation for Stimulus
Chapter 6: Surprise Bailouts: What if I’m Wrong?
Chapter 7: Will Immigration Rescue Us?
Part II: Swimming Upstream Against the Strengthening Current
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