The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How to Prevent Them in the Future

Author:   John Authers
Publisher:   FT Press
ISBN:  

9780137072996


Pages:   256
Publication Date:   26 April 2010
Format:   Hardback
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

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The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How to Prevent Them in the Future


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Overview

This enjoyable, fast-moving book is concise, relevant, and perceptive. My bottom line is a simple one: This book should be read by all those interested in the way markets operate, be they investors, analysts, or policy makers.

From the Foreword by Mohamed A. El-Erian, CEO and co-CIO of PIMCO, and author of When Markets Collide

This book is a must-read for anyone concerned about how we can avoid recurring debt-induced busts in the years ahead, or anyone who wonders how to invest if (when!) the crisis returns. Authers' insights on the global financial crisis are profound.

Robert D. Arnott, Chairman, Research Affiliates, LLC, and author of The Fundamental Index: A Better Way to Invest

This book illustrates the dangers to investors who fail to recognize that global asset markets have become more synchronized over time. In a crowded field of works on the financial crisis, Authers' work is unique in both its insight and style.

Robert R. Johnson, Ph.D., CFA, Senior Managing Director of the CFA Institute

John Authers has combined his journalistically honed FT skills with great insights. Serious investors and policymakers should read this book.

David R. Kotok, Chairman and Chief Investment Officer of Cumberland Advisors

John masterfully drives a stake through the myth of global economic decoupling one chapter and example at a time. A must-read in today's economy.

Vitaliy Katsenelson, Director of Research at Investment Management Associates, Inc, author of Active Value Investing: Making Money in Range-Bound Markets

Are we barreling toward another massive global financial catastrophe?

How can so many bubbles form all at once? Why are so many disconnected markets now capable of collapsing in unison? In this remarkably readable book, award-winning Financial Times columnist John Authers takes on these critical questions and offers deeply sobering answers.

Authers reveals how the first truly global super bubble was inflated--and might now be inflating again. He illuminates the multiple roots of repeated financial crises: a massive shift in investing power from individuals to big institutions; the migration of key decisions from banks to capital markets; the wholesale financialization of many asset classes; and fundamental failures of both theory and policy.

The Fearful Rise of Markets presents a truly global view, avoiding oversimplifications and ideology as it outlines how we got here and where we stand. Even more valuable, it offers realistic solutions--for decision-makers who want to prevent disaster and investors who want to survive it.

- The herd grows ever larger--and more dangerous

How institutional investing, indexing, and efficient markets theory promote herding

- Cheap money and irrational exuberance

Super fuel for super bubbles

- Too big to fail: the whole story of moral hazard

Banks, hedge funds, and beyond

- Danger signs of the next bubble

Forex, equity, credit, and commodity markets move once more in alignment

Full Product Details

Author:   John Authers
Publisher:   FT Press
Imprint:   FT Press
Dimensions:   Width: 16.70cm , Height: 2.40cm , Length: 21.60cm
Weight:   0.367kg
ISBN:  

9780137072996


ISBN 10:   0137072996
Pages:   256
Publication Date:   26 April 2010
Audience:   General/trade ,  General
Format:   Hardback
Publisher's Status:   Out of Stock Indefinitely
Availability:   In Print   Availability explained
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.

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Reviews

As seen on C-Span Book TV, CNBC Street Signs, and in the Financial T imes, The Wall Street Journal, Forbes, The Motley Fool and The Globe and Mail. Authers has the curriculum vitae and the confidence to go where no other author has thus far been. His goal ... is to make understandable why financial markets failed, how investors should protect themselves and what national authorities should do to correct some of the problems. His mission is happily met. - Financial Times Carmen M Reinhart, co-author with Kenneth S Rogoff of ' This Time is Different: Eight Centuries of Financial Folly' This new book is a must-read for every investor....I'd urge anyone with any interest in investing to read it as soon as possible. It may well stop you losing your shirt in the next meltdown ! Cliff D'Arcy, The Motley Fool


As seen on C-Span Book TV, CNBC Street Signs, and in the Financial T imes , The Wall Street Journal , Forbes, The Motley Fool and The Globe and Mail . Authers has the curriculum vitae and the confidence to go where no other author has thus far been . His goal ... is to make understandable why financial markets failed, how investors should protect themselves and what national authorities should do to correct some of the problems. His mission is happily met . - Financial Times Carmen M Reinhart, co-author with Kenneth S Rogoff of ' This Time is Different: Eight Centuries of Financial Folly' This new book is a must-read for every investor....I'd urge anyone with any interest in investing to read it as soon as possible. It may well stop you losing your shirt in the next meltdown ! Cliff D'Arcy, The Motley Fool


Author Information

<b>John Authers</b>, investment editor for the <i>Financial Times</i>, serves as its main commentator on international markets. In this role, he has become one of the world's most influential financial journalists, with bylined columns on display pages of <i>Financial Times </i>five days a week. He will soon take over as the head of the <i>Financial Times' </i>flagship Lex column.</p> </p> Authers speaks worldwide and appears frequently on major U.S. and global media, including the BBC, CNN, MSNBC, NPR, and PBS. He was recently honored by the State Street Institutional Press Awards as the UK's Investment Journalist of the Year for his coverage of the collapse of confidence in investment theory.</p> </p> His book, <i>The Victim's Fortune</i>, coauthored with Richard Wolffe, earned him the prestigious Best of Knight-Bagehot Award.</p> </p> Authers lives and works in New York with his wife Sara Silver, also a financial journalist, and their three children.</p> </p>

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