The World's Best Book Summaries
What is the drone economy? How are various industries using it and what does the future promise for it? The global drone market is expanding rapidly and is expected to reach $56 billion by 2030. However, strict FAA regulations on drone flights are limiting further growth of commercial drone services. Here’s a look at the FAA’s regulations, and the potential future uses of drones.
What are the key points in Irrational Exuberance, Robert J. Shiller’s book on speculative bubbles? What does Shiller teach about stock market behavior? In Irrational Exuberance, Robert J. Shiller explains that speculative bubbles arise out of feedback loops, often driven by media coverage. When you learn more about these bubbles, you can better understand how to avoid losing money in stocks. Continue reading for an overview of Irrational Exuberance.
What does a speculative bubble look like? What are some examples of speculative bubbles? Speculative bubble examples can be found in US stock, housing, and bond markets throughout history. If you know what a speculative bubble looks like, you can help prevent stock market crashes in the future. Learn what a speculative bubble is from these three examples.
How can taxation be leveraged to empower the poor? What practical action can any American take to fight poverty? To truly alleviate poverty, it’s essential to go beyond providing financial assistance, although that’s undeniably important. Matthew Desmond argues that, to eradicate poverty, we need to empower the poor, granting them economic and political agency to shape their economic futures. Keep reading to learn Desmond’s proposed solutions to poverty in the United States.
Why are some people poor? Are they keeping themselves down, or are they victims of others who don’t want them to succeed? In Poverty, by America, social scientist Matthew Desmond explores how and why the commonly cited explanations for poverty fall flat. Then he turns his attention to what he believes does explain the persistence of poverty in America. Read on to learn why Desmond thinks the exploitation of the poor is a reality in the US.
How has real estate speculation influenced the US housing market? What does it mean to form a speculative bubble? Real estate speculation drove unparalleled growth in the US housing market from the late 1990s to the early 2000s, but since this growth was based on speculation, it was unsustainable. Learning how this happens can help you avoid getting investments caught in a speculative bubble. Keep reading to discover how speculative bubbles have formed in the US housing market in the past.
Which developed nation has the most poverty? What effect does poverty have on people? Which comes first: economic security or better choices? In Poverty, by America, Matthew Desmond argues that poverty in the US persists because it benefits many Americans to keep a share of their fellow Americans in a state of want. He issues a call to arms to readers to examine their role in benefiting from and perpetuating the cycle of poverty. Read more for several Poverty, by America quotes that provide insights into the book’s ideas.
How is the efficient market hypothesis explained by experts? What does it mean, and what are some counterarguments? The efficient market hypothesis, explained by financial experts, concludes that securities are always priced accurately due to the nature of the market. By understanding this hypothesis and the counterarguments to it, you’ll have a better understanding of how markets work. Learn more about the efficient market hypothesis from all angles.
What caused the dotcom boom and bust? How does the theory of speculative bubbles explain what happened? The dotcom boom and bust was caused by feedback loops in which investors responded to increasing prices by pushing prices even higher. To understand how this happened, we need to take a closer look at each factor that influenced how investors speculated. Continue reading to learn what caused the dotcom bubble to form and then burst in the early 2000s.
What’s the relationship between speculation and the stock market crash? How did the media influence investors? In both 1929 and 1987, speculation and the stock market crash were deeply intertwined. A look at media coverage at the time shows how speculation set the stage for each crash. Let’s consider how speculative bubbles influenced by the media led to major stock market crashes in history.