{"product_id":"the-high-beta-rich-how-the-manic-wealthy-will-take-us-to-the-next-boom-bubble-and-bust-1","title":"The High-Beta Rich by Robert Frank","description":"\u003cp\u003e\u003cmeta charset=\"UTF-8\"\u003e \u003cmeta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\"\u003e\u003c\/p\u003e\n\u003cstyle\u003e\n        body {\n            font-family: Arial, sans-serif;\n            line-height: 1.6;\n            color: #333;\n            margin: 0;\n            padding: 20px;\n        }\n        .container {\n            max-width: 800px;\n            margin: 0 auto;\n            padding: 20px;\n            border: 1px solid #ddd;\n            border-radius: 8px;\n            background-color: #f9f9f9;\n        }\n        h2 {\n            font-size: 2em;\n            text-align: center;\n            color: #5a5a5a;\n        }\n        h3 {\n            font-size: 1.5em;\n            color: #d9534f;\n            margin-top: 1em;\n        }\n        .author-name {\n            font-size: 1.2em;\n            text-align: center;\n            font-style: italic;\n            margin-bottom: 2em;\n        }\n        .definition-box {\n            background-color: #e9e9e9;\n            padding: 15px;\n            border-left: 4px solid #d9534f;\n            border-radius: 5px;\n            margin: 2em 0;\n        }\n        .about-author {\n            margin-top: 2em;\n            border-top: 1px solid #ccc;\n            padding-top: 1em;\n        }\n        strong {\n            color: #d9534f;\n        }\n    \u003c\/style\u003e\n\u003cdiv class=\"container\"\u003e\n\u003ch2\u003eThe High-Beta Rich: How the Manic Wealthy Will Take Us to the Next Boom, Bubble, and Bust\u003c\/h2\u003e\n\u003cp class=\"author-name\"\u003eby Robert Frank\u003c\/p\u003e\n\u003cp\u003eThe rich are not just getting richer; they are becoming a more dangerous and unstable force in the economy. In \u003cstrong\u003e\u003cem\u003eThe High-Beta Rich\u003c\/em\u003e\u003c\/strong\u003e, renowned Wealth Reporter for \u003cem\u003eThe Wall Street Journal\u003c\/em\u003e, \u003cstrong\u003eRobert Frank\u003c\/strong\u003e, provides a disturbing and insightful analysis of how the top one percent has become the most volatile element in the American economy.\u003c\/p\u003e\n\u003cp\u003eThis new elite, once a model of financial propriety, has embarked on a wild ride of economic binges, fueled by asset bubbles and soaring stock prices. As they control more than a third of the country's wealth, their increasing vulnerability to market booms and busts has national consequences, wreaking havoc on our consumer economy, financial markets, employment opportunities, and government finances.\u003c\/p\u003e\n\u003cp\u003eThrough vivid storytelling, Frank takes readers inside the mortgaged mansions and wrecked lives that are the result of this new economic instability. He shares dramatic examples, from a couple who frittered away a fortune on a 90,000-square-foot house to the repo men now repossessing private jets and yachts. He also examines how communities like Aspen have become stratified and how California's budget crisis is linked to the volatile incomes of its tech tycoons.\u003c\/p\u003e\n\u003cp\u003eFrank's analysis brilliantly shows that \"high-beta wealth\" is not just a high-class problem. It's a national one, proving that America's dependence on the rich plus great volatility among the rich equals a more volatile America.\u003c\/p\u003e\n\u003cdiv class=\"definition-box\"\u003e\n\u003ch3\u003ehigh-beta rich\u003c\/h3\u003e\n\u003cp\u003e1. a newly discovered personality type of the American upper class prone to wild swings in wealth. \u003cbr\u003e2. the winners (and occasional losers) in an economy that creates wealth from financial markets, asset bubbles, and deals. \u003cbr\u003e3. a new Potemkin plutocracy that hides a mountain of debt behind the image of success and is one crisis away from losing their mansions, private jets, and yachts.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"about-author\"\u003e\n\u003ch3\u003eAbout the Author\u003c\/h3\u003e\n\u003cp\u003e\u003cstrong\u003eRobert Frank\u003c\/strong\u003e is the Wealth Reporter for \u003cem\u003eThe Wall Street Journal\u003c\/em\u003e and the author of the \u003cem\u003eNew York Times\u003c\/em\u003e bestselling book, \u003cem\u003eRichistan\u003c\/em\u003e. His blog, \u003cem\u003eThe Wealth Report\u003c\/em\u003e, was named by \u003cem\u003eTime\u003c\/em\u003e magazine as one of the nation's most influential business blogs. He is a leading authority on wealth and a frequent contributor to NPR, ABC News, and Fox Business.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"Bust-Down Books","offers":[{"title":"Default Title","offer_id":50357846147387,"sku":"0307589919","price":16.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0855\/2077\/7531\/files\/13639473482297.jpg?v=1749216400","url":"https:\/\/bustdownbooks.com\/products\/the-high-beta-rich-how-the-manic-wealthy-will-take-us-to-the-next-boom-bubble-and-bust-1","provider":"Bust-Down Books","version":"1.0","type":"link"}