• 0
• 0
• 0

Summary

Many Wall Street analysts have attempted since the crisis to  rebrand themselves as economists when it became clear  that macro forces are driving the markets.  Todays  world is not a textbook case study, however, and it cannot be  explained by conventional economics.  Depth of experience,  breadth of economic knowledge, and objectivity are required to  think critically about the future.  It is impossible to offer  a single investment solution since the path ahead depends upon  policy decisions yet to be made; however, investors can draw  on the experiences of prior credit-driven deleveraging cycles to  develop a dynamic framework for investing in an era of economic  uncertainty.   In this book, the authors discuss the importance of  macroeconomic evaluation in this new unstable global economy,  including fascinating anecdotes from Francois' time at Bear  Stearns prior to its collapse and sale. The authors go on to  cover in-depth the three possible future scenarios: severe  inflation, severe deflation, or a kind of muddling through.   With each scenario they discuss the likely causes and  consequences as well as the best strategies for profitable  investing.  The book concludes with a summary of the future of  the financial industry

Duration: about 5 hours (05:21:18)
Publishing date: 2020-07-20; Unabridged; Copyright Year: 2020. Copyright Statment: —

• Business & Economics