TY - BOOK AU - Rickards,James TI - The New Great Depression: winners and losers in a post-pandemic world SN - 9780593330272 AV - HC106.84 .R53 2021 U1 - 330.973 23 PY - 2021///] CY - [New York] PB - Portfolio/Penguin, an imprint of Penguin Random House KW - Monetary policy KW - Banks and banking KW - Financial crises KW - Government policy KW - COVID-19 (Disease) KW - Economic aspects KW - fast KW - Instructional and educational works KW - lcgft N1 - Includes bibliographical resources (pages 177-182); Introduction -- A new virus-from China to a town near you -- One hundred days-chronicle of a lockdown -- The New Great Depression -- Debt and deflation derail recovery -- Civilization's thin veneer -- Investing in a post-pandemic world -- Conclusion N2 - "The current crisis is not like 2008 or even 1929. The new depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come."--Amazon ER -