Any Happy Returns: Structural Changes and Super Cycles in Markets
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Newark
John Wiley & Sons, Incorporated
2024
|
| Ausgabe: | 1st ed |
| Links: | https://ebookcentral.proquest.com/lib/hwr/detail.action?docID=31052956 |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Umfang: | 1 Online-Ressource (387 Seiten) |
| ISBN: | 9781394210367 |
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| 245 | 1 | 0 | |a Any Happy Returns |b Structural Changes and Super Cycles in Markets |
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| 264 | 1 | |a Newark |b John Wiley & Sons, Incorporated |c 2024 | |
| 264 | 4 | |c ©2024 | |
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| 505 | 8 | |a Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgements -- About the Author -- Chapter 1 An Introduction to Cycles and Secular Trends -- Repeating Cycles -- The Social and Political Cycle -- The Business Cycle -- Super Cycles in Financial Markets -- Psychology and Financial Market Super Cycles -- Part I Structural Trends and Market Super Cycles -- Chapter 2 Equity Cycles and Their Drivers -- The Four Phases of the Equity Cycle -- 1. Despair -- 2. Hope -- 3. Growth -- 4. Optimism -- The Drivers of the Four Phases -- The Cycle and Bear Markets -- Identifying the Transition from Bear Market to Bull Market -- Valuations and the Market Inflection -- Growth and the Market Inflection -- Combining Growth and Valuation as a Signal -- Inflation, Interest Rates and the Market Inflection -- Combining Growth and Interest Rates -- Chapter 3 Super Cycles and Their Drivers -- Super Cycles in Economic Activity -- The Modern Era: Growth from the 1820s -- Super Cycles in Inflation -- Super Cycles in Interest Rates -- Super Cycles and Government Debt -- Super Cycles in Inequality -- Super Cycles in Financial Markets -- Super Cycles in Equities -- 1. 1949-1968: Post-World War II Boom -- 2. 1982-2000: The Modern Cycle -- 3. 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. 1968-1982: Inflation and Low Returns -- 2. 2000-2009: Bubbles and Troubles -- Part II Analysing Post-War Super Cycles -- Chapter 4 1949-1968: Post-World War II Boom -- International Agreements and Falling Risk Premia -- Strong Economic Growth -- Technological Innovation -- Low and Stable Real Interest Rates -- A Boom in World Trade -- A Baby Boom -- The Consumer and Credit Boom -- All-Consuming Consumerism -- Chapter 5 1968-1982: Inflation and Low Returns -- A Lost Decade for Investors -- The Bubble Before the Bust -- High Interest Rates and Low Growth | |
| 505 | 8 | |a The Collapse of Bretton Woods -- Social Unrest and Strikes -- Collapsing Trade, Increased Protectionism and Regulation -- Increased Public Spending, Lower Margins -- The End of the Downturn -- Chapter 6 1982-2000: The Modern Cycle -- 1. The Great Moderation -- 2. Disinflation and a Lower Cost of Capital -- European Interest Rate Convergence -- Monetary Policy and the 'Fed Put' -- 3. Supply-Side Reforms (Including Deregulation and Privatisation) -- Tax Reforms -- Deregulation and Privatisation -- 4. The End of the Soviet Union (Lower Geopolitical Risk) -- 5. Globalisation and Cooperation -- Technology and the Labour Market -- 6. The Impact of China and India -- 7. Bubbles and Financial Innovation -- The Japan Bubble and the Tech Bubble -- Chapter 7 2000-2009: Bubbles and Troubles -- The Bursting of the Technology Bubble -- The Financial Crisis of 2007-2009 -- Leverage and Financial Innovation -- The Decline in Long-Term Growth Expectations -- The Rise in the Equity Risk Premium -- The Negative Correlation Between Bonds and Equities -- Chapter 8 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. Weak Growth but High Equity Returns -- The Aftershock of the Financial Crisis -- 2. The Era of Free Money -- The Collapse in Government Bond Yields -- 3. Low Volatility -- 4. Rising Equity Valuations -- 5. Technology and the Outperformance of Growth versus Value -- The Extraordinary Gap between Growth and Value -- 6. The Outperformance of the United States Over the Rest of the World -- Zero Rates and the Demand for Risk Assets -- Chapter 9 The Pandemic and the Return of 'Fat and Flat' -- Pandemic Pandemonium -- The Pandemic Shock -- Another Tech Bubble -- The Medicine Worked -- The Pandemic and Inflation -- From Disinflation to Reflation -- Getting Real - The Shift Higher in the Real Cost of Capital -- The Golden Rules Resurface | |
| 505 | 8 | |a Sector Leadership and the Rotation Towards Value -- Part III The Post-Modern Cycle -- Chapter 10 The Post-Modern Cycle -- Structural Shifts and Opportunities -- Differences from the Modern Cycle -- 1. A Rise in the Cost of Capital -- The Re-emergence of Inflation -- 2. A Slowdown in Trend Growth -- 3. A Shift from Globalisation to Regionalisation -- 4. A Rise in the Cost of Labour and Commodities -- Post-Pandemic Reversal -- The Consequences and Investment Implications -- AI and the Labour Market -- 5. An Increase in Government Spending and Debt -- The Rise in Regulation and Industrial Policy -- Energy Transition Spending to Increase -- 6. A Rise in Capital and Infrastructure Spending -- 7. Changing Demographics -- Ageing Populations and Deficits -- Ageing Populations and New Markets -- 8. An Increase in Geopolitical Tensions and the Multipolar World -- Chapter 11 The Post-Modern Cycle and Technology -- Characteristics of Technology Revolutions -- Exuberance, Speculation and Bubbles -- The Dominance Effects -- The Emergence of Secondary Technologies -- Can Technology Remain the Biggest Sector? -- Can the Current Group of Dominant Technology Companies Remain Leaders? -- Why Newer Technologies May Enhance Productivity -- Weak Productivity in the Internet World -- From 'Nice to Have' to 'Need to Have' -- Productivity and the Impact of AI -- The PEARLs Framework for AI and Technology -- The Pioneers -- The Enablers -- The Adaptors -- The Reformers -- The Laggards -- Chapter 12 The Post-Modern Cycle: Opportunities in the 'Old Economy' -- Opportunities in the 'Old Economy' -- Defence Spending -- Infrastructure Spending -- Green Spending -- Government Policy and Spending -- Commodities Spending -- How Investment Markets Can Help Fund the Capex Boom -- The Future of Jobs -- Don't Forget the Power of Nostalgia -- On Your Bike | |
| 505 | 8 | |a Chapter 13 Summary and Conclusions -- Cycles -- Super Cycles -- The Post-Modern Cycle -- References -- Suggested Reading -- Index -- EULA. | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Oppenheimer, Peter C. |t Any Happy Returns |d Newark : John Wiley & Sons, Incorporated,c2024 |z 9781394210350 |
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Datensatz im Suchindex
| _version_ | 1818992316333948928 |
|---|---|
| any_adam_object | |
| author | Oppenheimer, Peter C. |
| author_facet | Oppenheimer, Peter C. |
| author_role | aut |
| author_sort | Oppenheimer, Peter C. |
| author_variant | p c o pc pco |
| building | Verbundindex |
| bvnumber | BV049871540 |
| collection | ZDB-30-PQE |
| contents | Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgements -- About the Author -- Chapter 1 An Introduction to Cycles and Secular Trends -- Repeating Cycles -- The Social and Political Cycle -- The Business Cycle -- Super Cycles in Financial Markets -- Psychology and Financial Market Super Cycles -- Part I Structural Trends and Market Super Cycles -- Chapter 2 Equity Cycles and Their Drivers -- The Four Phases of the Equity Cycle -- 1. Despair -- 2. Hope -- 3. Growth -- 4. Optimism -- The Drivers of the Four Phases -- The Cycle and Bear Markets -- Identifying the Transition from Bear Market to Bull Market -- Valuations and the Market Inflection -- Growth and the Market Inflection -- Combining Growth and Valuation as a Signal -- Inflation, Interest Rates and the Market Inflection -- Combining Growth and Interest Rates -- Chapter 3 Super Cycles and Their Drivers -- Super Cycles in Economic Activity -- The Modern Era: Growth from the 1820s -- Super Cycles in Inflation -- Super Cycles in Interest Rates -- Super Cycles and Government Debt -- Super Cycles in Inequality -- Super Cycles in Financial Markets -- Super Cycles in Equities -- 1. 1949-1968: Post-World War II Boom -- 2. 1982-2000: The Modern Cycle -- 3. 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. 1968-1982: Inflation and Low Returns -- 2. 2000-2009: Bubbles and Troubles -- Part II Analysing Post-War Super Cycles -- Chapter 4 1949-1968: Post-World War II Boom -- International Agreements and Falling Risk Premia -- Strong Economic Growth -- Technological Innovation -- Low and Stable Real Interest Rates -- A Boom in World Trade -- A Baby Boom -- The Consumer and Credit Boom -- All-Consuming Consumerism -- Chapter 5 1968-1982: Inflation and Low Returns -- A Lost Decade for Investors -- The Bubble Before the Bust -- High Interest Rates and Low Growth The Collapse of Bretton Woods -- Social Unrest and Strikes -- Collapsing Trade, Increased Protectionism and Regulation -- Increased Public Spending, Lower Margins -- The End of the Downturn -- Chapter 6 1982-2000: The Modern Cycle -- 1. The Great Moderation -- 2. Disinflation and a Lower Cost of Capital -- European Interest Rate Convergence -- Monetary Policy and the 'Fed Put' -- 3. Supply-Side Reforms (Including Deregulation and Privatisation) -- Tax Reforms -- Deregulation and Privatisation -- 4. The End of the Soviet Union (Lower Geopolitical Risk) -- 5. Globalisation and Cooperation -- Technology and the Labour Market -- 6. The Impact of China and India -- 7. Bubbles and Financial Innovation -- The Japan Bubble and the Tech Bubble -- Chapter 7 2000-2009: Bubbles and Troubles -- The Bursting of the Technology Bubble -- The Financial Crisis of 2007-2009 -- Leverage and Financial Innovation -- The Decline in Long-Term Growth Expectations -- The Rise in the Equity Risk Premium -- The Negative Correlation Between Bonds and Equities -- Chapter 8 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. Weak Growth but High Equity Returns -- The Aftershock of the Financial Crisis -- 2. The Era of Free Money -- The Collapse in Government Bond Yields -- 3. Low Volatility -- 4. Rising Equity Valuations -- 5. Technology and the Outperformance of Growth versus Value -- The Extraordinary Gap between Growth and Value -- 6. The Outperformance of the United States Over the Rest of the World -- Zero Rates and the Demand for Risk Assets -- Chapter 9 The Pandemic and the Return of 'Fat and Flat' -- Pandemic Pandemonium -- The Pandemic Shock -- Another Tech Bubble -- The Medicine Worked -- The Pandemic and Inflation -- From Disinflation to Reflation -- Getting Real - The Shift Higher in the Real Cost of Capital -- The Golden Rules Resurface Sector Leadership and the Rotation Towards Value -- Part III The Post-Modern Cycle -- Chapter 10 The Post-Modern Cycle -- Structural Shifts and Opportunities -- Differences from the Modern Cycle -- 1. A Rise in the Cost of Capital -- The Re-emergence of Inflation -- 2. A Slowdown in Trend Growth -- 3. A Shift from Globalisation to Regionalisation -- 4. A Rise in the Cost of Labour and Commodities -- Post-Pandemic Reversal -- The Consequences and Investment Implications -- AI and the Labour Market -- 5. An Increase in Government Spending and Debt -- The Rise in Regulation and Industrial Policy -- Energy Transition Spending to Increase -- 6. A Rise in Capital and Infrastructure Spending -- 7. Changing Demographics -- Ageing Populations and Deficits -- Ageing Populations and New Markets -- 8. An Increase in Geopolitical Tensions and the Multipolar World -- Chapter 11 The Post-Modern Cycle and Technology -- Characteristics of Technology Revolutions -- Exuberance, Speculation and Bubbles -- The Dominance Effects -- The Emergence of Secondary Technologies -- Can Technology Remain the Biggest Sector? -- Can the Current Group of Dominant Technology Companies Remain Leaders? -- Why Newer Technologies May Enhance Productivity -- Weak Productivity in the Internet World -- From 'Nice to Have' to 'Need to Have' -- Productivity and the Impact of AI -- The PEARLs Framework for AI and Technology -- The Pioneers -- The Enablers -- The Adaptors -- The Reformers -- The Laggards -- Chapter 12 The Post-Modern Cycle: Opportunities in the 'Old Economy' -- Opportunities in the 'Old Economy' -- Defence Spending -- Infrastructure Spending -- Green Spending -- Government Policy and Spending -- Commodities Spending -- How Investment Markets Can Help Fund the Capex Boom -- The Future of Jobs -- Don't Forget the Power of Nostalgia -- On Your Bike Chapter 13 Summary and Conclusions -- Cycles -- Super Cycles -- The Post-Modern Cycle -- References -- Suggested Reading -- Index -- EULA. |
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| dewey-full | 338.5/42 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.5/42 |
| dewey-search | 338.5/42 |
| dewey-sort | 3338.5 242 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1st ed |
| format | Electronic eBook |
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| id | DE-604.BV049871540 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-20T20:24:13Z |
| institution | BVB |
| isbn | 9781394210367 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-035211015 |
| oclc_num | 1416747258 |
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| owner | DE-2070s |
| owner_facet | DE-2070s |
| physical | 1 Online-Ressource (387 Seiten) |
| psigel | ZDB-30-PQE ZDB-30-PQE HWR_PDA_PQE |
| publishDate | 2024 |
| publishDateSearch | 2024 |
| publishDateSort | 2024 |
| publisher | John Wiley & Sons, Incorporated |
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| spelling | Oppenheimer, Peter C. Verfasser aut Any Happy Returns Structural Changes and Super Cycles in Markets 1st ed Newark John Wiley & Sons, Incorporated 2024 ©2024 1 Online-Ressource (387 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgements -- About the Author -- Chapter 1 An Introduction to Cycles and Secular Trends -- Repeating Cycles -- The Social and Political Cycle -- The Business Cycle -- Super Cycles in Financial Markets -- Psychology and Financial Market Super Cycles -- Part I Structural Trends and Market Super Cycles -- Chapter 2 Equity Cycles and Their Drivers -- The Four Phases of the Equity Cycle -- 1. Despair -- 2. Hope -- 3. Growth -- 4. Optimism -- The Drivers of the Four Phases -- The Cycle and Bear Markets -- Identifying the Transition from Bear Market to Bull Market -- Valuations and the Market Inflection -- Growth and the Market Inflection -- Combining Growth and Valuation as a Signal -- Inflation, Interest Rates and the Market Inflection -- Combining Growth and Interest Rates -- Chapter 3 Super Cycles and Their Drivers -- Super Cycles in Economic Activity -- The Modern Era: Growth from the 1820s -- Super Cycles in Inflation -- Super Cycles in Interest Rates -- Super Cycles and Government Debt -- Super Cycles in Inequality -- Super Cycles in Financial Markets -- Super Cycles in Equities -- 1. 1949-1968: Post-World War II Boom -- 2. 1982-2000: The Modern Cycle -- 3. 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. 1968-1982: Inflation and Low Returns -- 2. 2000-2009: Bubbles and Troubles -- Part II Analysing Post-War Super Cycles -- Chapter 4 1949-1968: Post-World War II Boom -- International Agreements and Falling Risk Premia -- Strong Economic Growth -- Technological Innovation -- Low and Stable Real Interest Rates -- A Boom in World Trade -- A Baby Boom -- The Consumer and Credit Boom -- All-Consuming Consumerism -- Chapter 5 1968-1982: Inflation and Low Returns -- A Lost Decade for Investors -- The Bubble Before the Bust -- High Interest Rates and Low Growth The Collapse of Bretton Woods -- Social Unrest and Strikes -- Collapsing Trade, Increased Protectionism and Regulation -- Increased Public Spending, Lower Margins -- The End of the Downturn -- Chapter 6 1982-2000: The Modern Cycle -- 1. The Great Moderation -- 2. Disinflation and a Lower Cost of Capital -- European Interest Rate Convergence -- Monetary Policy and the 'Fed Put' -- 3. Supply-Side Reforms (Including Deregulation and Privatisation) -- Tax Reforms -- Deregulation and Privatisation -- 4. The End of the Soviet Union (Lower Geopolitical Risk) -- 5. Globalisation and Cooperation -- Technology and the Labour Market -- 6. The Impact of China and India -- 7. Bubbles and Financial Innovation -- The Japan Bubble and the Tech Bubble -- Chapter 7 2000-2009: Bubbles and Troubles -- The Bursting of the Technology Bubble -- The Financial Crisis of 2007-2009 -- Leverage and Financial Innovation -- The Decline in Long-Term Growth Expectations -- The Rise in the Equity Risk Premium -- The Negative Correlation Between Bonds and Equities -- Chapter 8 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. Weak Growth but High Equity Returns -- The Aftershock of the Financial Crisis -- 2. The Era of Free Money -- The Collapse in Government Bond Yields -- 3. Low Volatility -- 4. Rising Equity Valuations -- 5. Technology and the Outperformance of Growth versus Value -- The Extraordinary Gap between Growth and Value -- 6. The Outperformance of the United States Over the Rest of the World -- Zero Rates and the Demand for Risk Assets -- Chapter 9 The Pandemic and the Return of 'Fat and Flat' -- Pandemic Pandemonium -- The Pandemic Shock -- Another Tech Bubble -- The Medicine Worked -- The Pandemic and Inflation -- From Disinflation to Reflation -- Getting Real - The Shift Higher in the Real Cost of Capital -- The Golden Rules Resurface Sector Leadership and the Rotation Towards Value -- Part III The Post-Modern Cycle -- Chapter 10 The Post-Modern Cycle -- Structural Shifts and Opportunities -- Differences from the Modern Cycle -- 1. A Rise in the Cost of Capital -- The Re-emergence of Inflation -- 2. A Slowdown in Trend Growth -- 3. A Shift from Globalisation to Regionalisation -- 4. A Rise in the Cost of Labour and Commodities -- Post-Pandemic Reversal -- The Consequences and Investment Implications -- AI and the Labour Market -- 5. An Increase in Government Spending and Debt -- The Rise in Regulation and Industrial Policy -- Energy Transition Spending to Increase -- 6. A Rise in Capital and Infrastructure Spending -- 7. Changing Demographics -- Ageing Populations and Deficits -- Ageing Populations and New Markets -- 8. An Increase in Geopolitical Tensions and the Multipolar World -- Chapter 11 The Post-Modern Cycle and Technology -- Characteristics of Technology Revolutions -- Exuberance, Speculation and Bubbles -- The Dominance Effects -- The Emergence of Secondary Technologies -- Can Technology Remain the Biggest Sector? -- Can the Current Group of Dominant Technology Companies Remain Leaders? -- Why Newer Technologies May Enhance Productivity -- Weak Productivity in the Internet World -- From 'Nice to Have' to 'Need to Have' -- Productivity and the Impact of AI -- The PEARLs Framework for AI and Technology -- The Pioneers -- The Enablers -- The Adaptors -- The Reformers -- The Laggards -- Chapter 12 The Post-Modern Cycle: Opportunities in the 'Old Economy' -- Opportunities in the 'Old Economy' -- Defence Spending -- Infrastructure Spending -- Green Spending -- Government Policy and Spending -- Commodities Spending -- How Investment Markets Can Help Fund the Capex Boom -- The Future of Jobs -- Don't Forget the Power of Nostalgia -- On Your Bike Chapter 13 Summary and Conclusions -- Cycles -- Super Cycles -- The Post-Modern Cycle -- References -- Suggested Reading -- Index -- EULA. Erscheint auch als Druck-Ausgabe Oppenheimer, Peter C. Any Happy Returns Newark : John Wiley & Sons, Incorporated,c2024 9781394210350 |
| spellingShingle | Oppenheimer, Peter C. Any Happy Returns Structural Changes and Super Cycles in Markets Cover -- Title Page -- Copyright Page -- Contents -- Preface -- Acknowledgements -- About the Author -- Chapter 1 An Introduction to Cycles and Secular Trends -- Repeating Cycles -- The Social and Political Cycle -- The Business Cycle -- Super Cycles in Financial Markets -- Psychology and Financial Market Super Cycles -- Part I Structural Trends and Market Super Cycles -- Chapter 2 Equity Cycles and Their Drivers -- The Four Phases of the Equity Cycle -- 1. Despair -- 2. Hope -- 3. Growth -- 4. Optimism -- The Drivers of the Four Phases -- The Cycle and Bear Markets -- Identifying the Transition from Bear Market to Bull Market -- Valuations and the Market Inflection -- Growth and the Market Inflection -- Combining Growth and Valuation as a Signal -- Inflation, Interest Rates and the Market Inflection -- Combining Growth and Interest Rates -- Chapter 3 Super Cycles and Their Drivers -- Super Cycles in Economic Activity -- The Modern Era: Growth from the 1820s -- Super Cycles in Inflation -- Super Cycles in Interest Rates -- Super Cycles and Government Debt -- Super Cycles in Inequality -- Super Cycles in Financial Markets -- Super Cycles in Equities -- 1. 1949-1968: Post-World War II Boom -- 2. 1982-2000: The Modern Cycle -- 3. 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. 1968-1982: Inflation and Low Returns -- 2. 2000-2009: Bubbles and Troubles -- Part II Analysing Post-War Super Cycles -- Chapter 4 1949-1968: Post-World War II Boom -- International Agreements and Falling Risk Premia -- Strong Economic Growth -- Technological Innovation -- Low and Stable Real Interest Rates -- A Boom in World Trade -- A Baby Boom -- The Consumer and Credit Boom -- All-Consuming Consumerism -- Chapter 5 1968-1982: Inflation and Low Returns -- A Lost Decade for Investors -- The Bubble Before the Bust -- High Interest Rates and Low Growth The Collapse of Bretton Woods -- Social Unrest and Strikes -- Collapsing Trade, Increased Protectionism and Regulation -- Increased Public Spending, Lower Margins -- The End of the Downturn -- Chapter 6 1982-2000: The Modern Cycle -- 1. The Great Moderation -- 2. Disinflation and a Lower Cost of Capital -- European Interest Rate Convergence -- Monetary Policy and the 'Fed Put' -- 3. Supply-Side Reforms (Including Deregulation and Privatisation) -- Tax Reforms -- Deregulation and Privatisation -- 4. The End of the Soviet Union (Lower Geopolitical Risk) -- 5. Globalisation and Cooperation -- Technology and the Labour Market -- 6. The Impact of China and India -- 7. Bubbles and Financial Innovation -- The Japan Bubble and the Tech Bubble -- Chapter 7 2000-2009: Bubbles and Troubles -- The Bursting of the Technology Bubble -- The Financial Crisis of 2007-2009 -- Leverage and Financial Innovation -- The Decline in Long-Term Growth Expectations -- The Rise in the Equity Risk Premium -- The Negative Correlation Between Bonds and Equities -- Chapter 8 2009-2020: The Post-Financial-Crisis Cycle and Zero Interest Rates -- 1. Weak Growth but High Equity Returns -- The Aftershock of the Financial Crisis -- 2. The Era of Free Money -- The Collapse in Government Bond Yields -- 3. Low Volatility -- 4. Rising Equity Valuations -- 5. Technology and the Outperformance of Growth versus Value -- The Extraordinary Gap between Growth and Value -- 6. The Outperformance of the United States Over the Rest of the World -- Zero Rates and the Demand for Risk Assets -- Chapter 9 The Pandemic and the Return of 'Fat and Flat' -- Pandemic Pandemonium -- The Pandemic Shock -- Another Tech Bubble -- The Medicine Worked -- The Pandemic and Inflation -- From Disinflation to Reflation -- Getting Real - The Shift Higher in the Real Cost of Capital -- The Golden Rules Resurface Sector Leadership and the Rotation Towards Value -- Part III The Post-Modern Cycle -- Chapter 10 The Post-Modern Cycle -- Structural Shifts and Opportunities -- Differences from the Modern Cycle -- 1. A Rise in the Cost of Capital -- The Re-emergence of Inflation -- 2. A Slowdown in Trend Growth -- 3. A Shift from Globalisation to Regionalisation -- 4. A Rise in the Cost of Labour and Commodities -- Post-Pandemic Reversal -- The Consequences and Investment Implications -- AI and the Labour Market -- 5. An Increase in Government Spending and Debt -- The Rise in Regulation and Industrial Policy -- Energy Transition Spending to Increase -- 6. A Rise in Capital and Infrastructure Spending -- 7. Changing Demographics -- Ageing Populations and Deficits -- Ageing Populations and New Markets -- 8. An Increase in Geopolitical Tensions and the Multipolar World -- Chapter 11 The Post-Modern Cycle and Technology -- Characteristics of Technology Revolutions -- Exuberance, Speculation and Bubbles -- The Dominance Effects -- The Emergence of Secondary Technologies -- Can Technology Remain the Biggest Sector? -- Can the Current Group of Dominant Technology Companies Remain Leaders? -- Why Newer Technologies May Enhance Productivity -- Weak Productivity in the Internet World -- From 'Nice to Have' to 'Need to Have' -- Productivity and the Impact of AI -- The PEARLs Framework for AI and Technology -- The Pioneers -- The Enablers -- The Adaptors -- The Reformers -- The Laggards -- Chapter 12 The Post-Modern Cycle: Opportunities in the 'Old Economy' -- Opportunities in the 'Old Economy' -- Defence Spending -- Infrastructure Spending -- Green Spending -- Government Policy and Spending -- Commodities Spending -- How Investment Markets Can Help Fund the Capex Boom -- The Future of Jobs -- Don't Forget the Power of Nostalgia -- On Your Bike Chapter 13 Summary and Conclusions -- Cycles -- Super Cycles -- The Post-Modern Cycle -- References -- Suggested Reading -- Index -- EULA. |
| title | Any Happy Returns Structural Changes and Super Cycles in Markets |
| title_auth | Any Happy Returns Structural Changes and Super Cycles in Markets |
| title_exact_search | Any Happy Returns Structural Changes and Super Cycles in Markets |
| title_full | Any Happy Returns Structural Changes and Super Cycles in Markets |
| title_fullStr | Any Happy Returns Structural Changes and Super Cycles in Markets |
| title_full_unstemmed | Any Happy Returns Structural Changes and Super Cycles in Markets |
| title_short | Any Happy Returns |
| title_sort | any happy returns structural changes and super cycles in markets |
| title_sub | Structural Changes and Super Cycles in Markets |
| work_keys_str_mv | AT oppenheimerpeterc anyhappyreturnsstructuralchangesandsupercyclesinmarkets |