Go inside the research to see the global consequences of unethical banking The Next Revolution in our Credit-Driven Economy: The Advent of Financial Technology integrates market theory and practice to help investors identify growth opportunities, and to help regulators create a sustainable economic environment. Author Paul Schulte, former economic analyst with the National Security Council, draws upon his own decade-spanning research to demonstrate how unethical banking practices provide the brute force that drives political and economic crises worldwide. By unbundling how credit markets work, this authoritative guide provides deep insight into crisis avoidance and detection, successful investment climates, and the groundwork that must be in place for policy makers to build a sound basis for economic growth. Clear, succinct case studies provide examples of policy and its effects on economic stability, giving you a stronger understanding of the network of forces that determine how loan/deposit ratios behave around the world. Countries that lend more than they save consistently get into trouble, with catastrophic consequences for the rich and middle class as well as the politicians. This book shows how credit excesses bring about price collapse in stocks, currencies, and real estate, and provides direction for change in the context of global economics. Dive deep into the mechanisms underlying the credit markets Learn how unregulated borrowing leads to socioeconomic crises Examine real-world policy options through global case studies Discover how credit rises are best detected and avoided An economic climate in which even the smallest hiccup can have long-lasting consequences should be the ideal impetus for a close scrutiny of global banking practices and economic policy. The Next Revolution in our Credit-Driven Economy takes you behind the scenes for a new perspective, and a more informed look at where the world needs to begin changing. The second half of the book will take a look at the revolution driving financial technology. Companies in Silicon Valley and giants like Alibaba are challenging the landscape for banking. This has profound implications for policy makers, banks and for a new class of entrepreneurs who are developing software which is taking away market share from bank and challenging decades-old financial empires. The book will explore the reasons why many global banks remain flat-footed. It will go into detail about the new companies and software that are moving in the Far East and with innovations in securities, bonds, foreign exchange, retail lending and SME lending. Lastly the book will look at the strategy behind Alibaba and how it will challenge many companies from a powerful base inside China.

Go inside the research to see the global consequences ofunethical bankingThe Next Revolution in our Credit-Driven Economy: The Adventof Financial Technology integrates market theory and practiceto help investors identify growth opportunities, and to helpregulators create a sustainable economic environment. Author PaulSchulte, former economic analyst with the National SecurityCouncil, draws upon his own decade-spanning research to demonstratehow unethical banking practices provide the brute force that drivespolitical and economic crises worldwide. By unbundling how creditmarkets work, this authoritative guide provides deep insight intocrisis avoidance and detection, successful investment climates, andthe groundwork that must be in place for policy makers to build asound basis for economic growth. Clear, succinct case studiesprovide examples of policy and its effects on economic stabilitygiving you a stronger understanding of the network of forces thatdetermine how loan/deposit ratios behave around the world.Countries that lend more than they save consistently get intotrouble, with catastrophic consequences for the rich and middleclass as well as the politicians. This book shows how creditexcesses bring about price collapse in stocks, currencies, and realestate, and provides direction for change in the context of globaleconomics.* Dive deep into the mechanisms underlying the creditmarkets* Learn how unregulated borrowing leads to socioeconomiccrises* Examine real-world policy options through global casestudies* Discover how credit rises are best detected and avoidedAn economic climate in which even the smallest hiccup can havelong-lasting consequences should be the ideal impetus for a closescrutiny of global banking practices and economic policy. TheNext Revolution in our Credit-Driven Economy takes you behindthe scenes for a new perspective, and a more informed look at wherethe world needs to begin changing.The second half of the book will take a look at the revolutiondriving financial technology. Companies in Silicon Valley andgiants like Alibaba are challenging the landscape for banking. Thishas profound implications for policy makers, banks and for a newclass of entrepreneurs who are developing software which is takingaway market share from bank and challenging decades-old financialempires. The book will explore the reasons why many global banksremain flat-footed. It will go into detail about the new companiesand software that are moving in the Far East and with innovationsin securities, bonds, foreign exchange, retail lending and SMElending. Lastly the book will look at the strategy behind Alibabaand how it will challenge many companies from a powerful baseinside China.

Acknowledgments xviiAbout the Author xixAbout the Website xxiIntroduction: A Few Numbers Can Crack the Code xxiiiPART ONE How Bank Credit Drives Economics (Not the Other Way Around) and WhyCHAPTER 1 A Few Simple Concepts That Anyone Can Understand 3CHAPTER 2 Differences between Liquidity and Solvency Are Thin 23CHAPTER 3 Anatomy of a Credit Crisis and Examples in the Real World 33PART TWO I Am from the Government, and I Am Here to Help Your Broken Banking SystemCHAPTER 4 Socialization of Debt after Mismanagement by Bankers (or, Why Keynesian Economics Doesn't Work) 55CHAPTER 5 Why Capitalist Bankers Create Soviet Banking Models When the Going Gets Rough 75CHAPTER 6 Central Banks Are Carrying the Greatest Load and Will Dominate Outcomes 89CHAPTER 7 How Bankers and Policy Rescuers Affect Stocks, Foreign Exchange, and Property 103PART THREE InterludeCHAPTER 8 Why Government and Institutions Get Suckered into Debt Binges 119PART FOUR The Revolution in Financial ArchitectureCHAPTER 9 Why Is This Revolution Happening Now and Why So Fast? 135CHAPTER 10 The Revolution in Alternative Investments 145CHAPTER 11 The Revolution in Big Data and SME Lending in the Emerging World 157CHAPTER 12 Banking and Analytics--The PayPal Gang, Palantir versus Alibaba, and Hundsun 177Appendix 195Bibliography 197Index 199