Household Finance [electronic resource] : Adrift in a Sea of Red Ink /
Chorafas, D.author.
The 'good life' for households has passed. The unwanted result which accompanied it is the sea of red ink. Confidence in the western way of life will not return until the current mess of a dysfunctional society, and its economy, is cleared out. Household Finance explains why and how this can be done.
Cover; Contents; List of Tables; Acknowledgements; Introduction: Reasons for a Unified Approach to Economic Theory; PART I: SOCIETY IS UNDER STRESS ALL OVER THE WESTERN WORLD; 1 Our Society Has to Review its Business Model; 1.1 Pericles 2013; 1.2 The growing gap in wealth and income; 1.3 The standard of living and rent seeking; 1.4 ""Occupy Wall Street""; 1.5 Intergenerational equity and debt; 1.6 Globalization's trilemma; 1.7 The advent of ""financialization""; 2 Entitlements; 2.1 Galbraith's warning about employment and consumer debt; 2.2 Jobs, taxes and the middle class
2.3 Rights without responsibilities2.4 Who pays the costs of pensions?; 2.5 Who pays the zooming health care costs?; 2.6 Clinton Care, Obama Care and the looting of the health care system; 3 Jobs and Education; 3.1 The price of education; 3.2 ""Free education for all"" is a myth; 3.3 Siren song: the saga of student loans; 3.4 The university bubble; 3.5 Reasons for unemployment; 3.6 Filling the talent gap; 3.7 Revaluing human capital; PART II: HOUSEHOLDS MUST GET THEIR ACT TOGETHER; 4 The IOU Abyss; 4.1 Democratization of credit and socialization of risk; 4.2 Consumer spending
4.3 The state supermarket4.4 Household leveraging; 4.5 It is not easy to restore public confidence; 5 Households and the Value of Money; 5.1 Household disposable income; 5.2 Household liabilities; 5.3 Consumer protection through regulation?; 5.4 The budget of a household; 5.5 The discipline of a household budget; 5.6 Household balance sheets; 5.7 The management of assets and liabilities; 6 Managing Family Wealth; 6.1 Investments by households; 6.2 Bond investments; 6.3 Equity investments; 6.4 Households should not invest in derivatives; 6.5 The pain of deleveraging
7 The Market Does Not Crawl It Jumps; 7.1 Qualitative factors and market dynamics; 7.2 Never panic; 7.3 Investments can turn on their head; 7.4 Can we depend on prognostication?; 7.5 The government is not a white knight; 7.6 Wrong solutions and their consequences; 8 Home Ownership: Shelter or Burden?; 8.1 Your home is your castle; 8.2 Home mortgages and the law of the land in Canada: a case study; 8.3 The Clinton Administration's scenario on home mortgages: a case study; 8.4 Benefits and risks from real estate investing; 8.5 Family homes and foreclosure risk
8.6 Do your homework prior to choosing a property9 A Chapter on the Blind for the Benefit of Those Who Can See; 9.1 Mortgages with currency risk: a case study on Hungary; 9.2 Alternative investments and paper oil; 9.3 Paper houses through real estate derivatives; 9.4 Leveraged trading and wealth creation are opposing concepts; 9.5 The problem is mismanagement and subdued ethics; 9.6 Questioning whether a steady financial innovation is useful to society; Notes; Index
Includes index.
The 'good life' for households has passed. The unwanted result which accompanied it is the sea of red ink. Confidence in the western way of life will not return until the current mess of a dysfunctional society, and its economy, is cleared out. Household Finance explains why and how this can be done.
Accounting.
Bookkeeping .
Economic policy.
Business enterprises—Finance.
Finance.
Risk management.
Investment banking.
Securities.
Accounting/Auditing.
Economic Policy.
Business Finance.
Finance, general.
Risk Management.
Investments and Securities.