Book Description
In the New Era of Wealth, Brian Wesbury explains the
five key trends that have created this economic boom--and
will sustain economic growth for the future. Wesbury shows
how understanding these trends will provide more investment
ideas than any one individual could implement--and how
understanding them will help investors avoid making huge
mistakes with their money. In simple language, Wesbury, at
once opinionated and optimistic, offers investment strategies
for creating personal wealth in the years ahead. Invest in
equities: The risk of investing in stocks will decline in the
new era; invest in bonds: when inflation is non-existent,
even low yields provide a very high real interest rate; Stay
out of debt: In the new era, deflationary pressures are
making savings worth more every year; Trust serendipity: A
dynamic economy increases opportunity. This book cuts short
the pessimists and doomsayers who see the Asian crisis,
Russia, Y2K, and both inflation and deflation as signs that
U.S. financial markets are teetering on the brink of
collapse. Instead, Wesbury employs a common sense economic
approach to show how optimism will be rewarded today and in
the future. He shares the tool that made him the number one
forecaster of interest rates in 1994 and 1997 and helps
investors cut through the information overload to focus on
only the most important data by explaining the investment
implications for stocks, mutual funds, bonds, real estate,
and commodities.
