Brian S. Wesbury - The New Era of Wealth: How Investors Can Profit From the 5 Economic Trends Shaping the Future
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The New Era of Wealth: How Investors Can Profit From the 5 Economic Trends Shaping the Future
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This text explains the five key trends that have created the modern economic boom and will sustain economic growth for the future, and offers investment strategies for creating personal wealth in the years to come.
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How Investors Can Profit from the 5 Economic Trends Shaping the Future
Brian S. Wesbury
New York San Francisco Washington, D.C. Auckland Bogot Caracas Lisbon London Madrid Mexico City Milan Montreal New Delhi San Juan Singapore Sydney Tokyo Toronto
Page iv
Copyright 2000 by The McGraw-Hill Companies, Inc. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a data base or retrieval system, without the prior written permission of the publisher.
Library of Congress Cataloging-in-Publication Data
Wesbury, Brian S. The new era of wealth: how investors can profit from the 5 economic trends shaping the future / by Brian S. Wesbury. p. cm. Includes bibliographical references. ISBN 0-07-135180-9 1. Portfolio managementUnited States. 2. InvestmentsUnited States. 3. SecuritiesUnited States. 4. WealthUnited States. 5. United StatesEconomic conditions1981- I. Title. HG4529.5.W47 1999 332.6dc21 99-40337 CIP
Printed and bound by R. R. Donnelley & Sons Company.
McGraw-Hill books are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. For more information, please write to the Director of Special Sales, McGraw-Hill, 11 West 19th Street, New York, NY 10011. Or contact your local bookstore. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that neither the author nor publisher is engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. FromaDeclarationofPrinciplesjointlyadoptedbyaCommitteeoftheAmericanBarAssociationandaCommitteeofPublishers.
This book is printed on recycled, acid-free paper containing a minimum of 50% recycled, de-inked fiber.
Page v
To the Lord who made me, my parents, Stuart and June and my wife, Brenda.
"A wife of noble character is her husband's crown..." Proverbs 12:4
Page vii
CONTENTS
Introduction
1
The Pessimists Are Wrong
3
The Seeds for the Boom
5
Where Does Wealth Come from? Ask Abe Lincoln
6
Opposing Forces: Accumulation and Redistribution of Wealth
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