It’s nearly 2 in the morning, and I’ve just arrived in Dallas, having flown here from San Francisco. On the flight over, I got a chance to read a new book that my publisher (John Wiley) just sent to me. The book is called The Committee to Destroy the World: Inside the Plot to Unleash a Super Crash on the Global Economy, and in spite of its splashy, dramatic title, it’s a serious book by a widely-respected economist named Michael Lewitt.
I need to hit the sack, so I’m going to be lazy and just paste in the first descriptive paragraph:
An updated examination of what’s weakening the U.S. economy, and how to fix it. ”The Committee to Destroy the World: Inside the Plot to Unleash a Super Crash on the Global Economy” is a passionate and informed analysis of the struggling global economy. In this masterfully conceived and executed work, Michael Lewitt, one of Wall Street’s most respected market strategists and money managers, updates his groundbreaking examination of the causes of the 2008 crisis and argues that economic and geopolitical conditions are even more unstable today. His analysis arrives in time for the impending economic and geopolitical debates of the 2016 election season. Lewitt explains in detail how debt has now overrun the world’s capacity, how federal policies of the past few decades have created a downward vortex sapping growth and vitality from the American economy, and how greed and corruption are preventing reform.
The book reads somewhat like David Stockman’s Great Deformation, except with some ZeroHedge style spiciness within. There are, at the end of the book, some specific investing ideas. This isn’t an oh-my-God-you-must-buy-it-now like Great Deformation, but I’d give it a solid “9”, particularly since the author is well-credentialed.
