Michael Pettis Livres

Focusing on the dynamics of capital structures, the book argues that emerging market economies face unique vulnerabilities often overlooked by Wall Street. It distinguishes between "correlated" and "inverted" capital structures, highlighting their roles in influencing economic stability and volatility. The concept of a "capital structure trap" is introduced, illustrating how it can lead to a mechanical process of economic collapse. This analysis provides a fresh perspective on the challenges faced by emerging markets and the systemic risks they encounter.

How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.

A provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers

The book examines China's transition from a period of rapid economic growth to a phase of necessary rebalancing due to increasing debt and internal distortions. It discusses the challenges Beijing faces in restructuring its economy and explores potential strategies for navigating this complex transformation. The focus is on the critical decisions that must be made to ensure sustainable economic development moving forward.

House meets Gotham Central in this powered up medical drama featuring a prized physician caught amid recovery from addiction and a polarizing campaign aimed to strip superpowered humans of healthcare rights. Rose Osler is a specialist. Her focus? Patients with Powers...at a hospital with a No Powered Patients policy. When a battle between Boston's protectors and destroyers erupts, Rose is trapped between saving the city's beloved hero by day and greatest villain at night. Except Rose could become a casualty when she's forced to risk her recovery. As Rose pushes past her limits to save everyone else, will she be able to save herself? Witness the downward spiral conceptualized by debut writer Matthew Klein with art by Morgan Beem (Swamp Thing- Twin Branches and The Family Trade), colors by Triona Farrell (Ms. Marvel and Shang-Chi), and letters by Hassan Otsmane-Elhaou.