The Death of Inflation: Surviving and Thriving in the Zero Era

Roger Bootle

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Language: English

Published by John Murray Press, 1996

1857881451 / 9781857881455

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Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.World of Books (was SecondSale)

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The Western world is in the grip of overwhelming forces which are transforming the economic and business landscape and the lives of ordinary people. We are witnessing the death of perpetual inflation and the beginning of the "zero era". Imagine a world without inflation: prices in the shops rising in some years, but falling in others; pay rising by two or three per cent in the good years, but static or falling in the bad ones; house prices as likely to fall as to rise; and interest rates in the range of two to four per cent. A purely imaginary world? No. This is the way things were most of the time before the onset of perpetual inflation in the years after World War II - and it is the world we are returning to. In the zero era: house prices will do nothing more than creep up and in many years will fall; the "low" levels of housing turnover registered recently will become normal; annual pay rises will no longer be automatic; consumers will be extremely price-sensitive; business pricing will move from "cost-plus" to "price-minus"; both consumers and businesses will have to learn that most prices may go up or down, and some will only ever go down, in contrast to the last 60 years when prices only went up; antiques and works of art will cease to be viewed as speculative investments, and return to being viewed on their intrinsic merits; interest rates, both short and long, will have to fall to levels unseen for a generation; the transition to very low interest rates will bring big profits to bond-holders, but the financial markets will be unstable and there may be financial panics prompted by high debt levels. This volume examines the consequences of the zero era for the housing market, for the world of investment, for consumers and for business. Lambasting the conventional wisdom in economics, this book concludes that the zero era holds out both great promise and great peril. On the positive side, there are the advantages of lower interest rates and the clarity brought by the end of the confusion created by inflation. On the negative side, when the system is riddled with debt and uprepared for anything except prices continually rising, there is the danger of deflation.…

Seller Inventory # 00095023583

Title
The Death of Inflation: Surviving and Thriving in the Zero Era
Author
Roger Bootle
Publisher
John Murray Press
Publication year
1996
Condition
Very Good
Binding
Hardback
Language
English
ISBN 10
1857881451
ISBN 13
9781857881455

World of Books (was SecondSale)

Montgomery, IL, U.S.A.

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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission …

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