04147cam a2200445 i 4500 115790 20230410105436.0 130325t20132013nyua b 001 0 eng c 17672056 2013936151 9781610393362 (pbk.) 1610393368 (pbk.) 9781610392273 (ebk.) 1610392272 (ebk.) (OCoLC)ocn823044786 HC 106.84 M875c 2013 332.7 Morris, Charles R. Comeback : America's new economic boom / Charles R. Morris. First edition. New York : PublicAffairs, [2013] x, 179 pages : illustrations ; 21 cm. text txt rdacontent unmediated n rdamedia volume nc rdacarrier Includes bibliographical references (pages 159-170) and index. The manufacturing/energy nexus. Shale country ; An unconventional revolution ; The return of the whales ; The dark side and how to deal with it -- The rest of the economy. Cycles ; Rebuilding America ; Cognitive dissonance ; WrapUp. The author's The Trillion Dollar Meltdown (2008) warned of the impending financial crash in all its horrific scale and speed. Now, he reveals that the United States is on the brink of a strong recovery from the 2008 global financial crisis that could last for twenty years or more, claiming that such booming new industries as shale-based oil will generate millions of new jobs and tame inherited deficits. The great economic boom times in American history have come because of fortuitous discoveries. Natural resources (coal first, then oil) fueled vast economic and industrial expansions, which in turn helped create and supply new markets. The last genuine economic game changer was the technology boom of the 1990s, which gave the U.S. a global competitive advantage for a while based on electronics and silicon. The author was one of the first writers and analysts in the U.S. to predict that the tech boom would lead to a period of sustained economic growth. In defiance of the recessionary times (in 1990), he saw the coming boom. Now, in 2013, he sees the threshold of another. This time the gift is natural gas. The amount and distribution of gas in American shale is so vast that it has the potential to transform the manufacturing economy, creating jobs across the country, and requiring a new infrastructure that will benefit the nation as a whole. Because of fracking, jobs that once would have been outsourced abroad will return home, America can become a net exporter of energy, and cheap energy will provide the opportunity for innovation and competition. In light of this new opportunity, and other complementary developments the author explores in this book, the U.S. ought to be approaching the future with a robust self-confidence it has not experienced in a while. But we could fumble it away. The gold-rush style of shale boom companies does not make them good neighbors. A counter-reaction could put their industry, and the new era of national prosperity, at risk. We also have a political system that has the capacity to spoil the benefits of this huge boon. If the wealth locked in the continental shelf is not shared for the general economic good, but is instead exploited in short-term profiteering, then many of the opportunities that exist will be choked off by a few very rich corporations. Managing the great bonus of the vast store of cheap energy is going to become a defining political challenge in the years ahead. Economic forecasting United States. United States Economic conditions 2009- Energy industries United States. Industrial policy United States. Pronóstico de la economía. Política industrial Estados Unidos. Primera Jornada de Catologacion. Industria energética Estados Unidos. Crisis financiera Estados Unido Sistema financiero Estados Unidos. lcc bk 36792 36792 0 0 lcc 0 0 CS BJB BJB CS 2023-04-10 1 0 HC 106.84 M875c 2013 00000108672 2018-10-24 00:00:00 1 2018-10-24 bk