Home > Store > Finance & Investing > Economics

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

Register your product to gain access to bonus material or receive a coupon.

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

Best Value Purchase

Book + eBook Bundle

  • Your Price: $28.74
  • List Price: $49.98
  • Includes EPUB, MOBI, and PDF
  • About eBook Formats
  • This eBook includes the following formats, accessible from your Account page after purchase:

    ePub EPUB The open industry format known for its reflowable content and usability on supported mobile devices.

    MOBI MOBI The eBook format compatible with the Amazon Kindle and Amazon Kindle applications.

    Adobe Reader PDF The popular standard, used most often with the free Adobe® Reader® software.

    This eBook requires no passwords or activation to read. We customize your eBook by discretely watermarking it with your name, making it uniquely yours.

More Purchase Options

Book

  • Your Price: $19.99
  • List Price: $24.99
  • Usually ships in 24 hours.

eBook (Watermarked)

  • Your Price: $19.99
  • List Price: $24.99
  • Includes EPUB, MOBI, and PDF
  • About eBook Formats
  • This eBook includes the following formats, accessible from your Account page after purchase:

    ePub EPUB The open industry format known for its reflowable content and usability on supported mobile devices.

    MOBI MOBI The eBook format compatible with the Amazon Kindle and Amazon Kindle applications.

    Adobe Reader PDF The popular standard, used most often with the free Adobe® Reader® software.

    This eBook requires no passwords or activation to read. We customize your eBook by discretely watermarking it with your name, making it uniquely yours.

About

Features

Why huge, catastrophic financial market bubbles occur more frequently, why it is happening again right now, and what to do about it.

  • One of the world’s best known financial journalists makes sense of today’s highly-unstable, crisis-prone financial system with an eye to the future and potential calamities ahead.
  • Real prescriptions for reforming global finance – and sound advice for individual investors in the meantime.
  • A truly global view with real context: how we got here, and why we’re still at enormous risk.

Description

  • Copyright 2010
  • Dimensions: 5-3/8 X 8-1/4
  • Pages: 256
  • Edition: 1st
  • Book
  • ISBN-10: 0-13-707299-6
  • ISBN-13: 978-0-13-707299-6

“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

Sample Content

Sample Pages

Download the sample pages (includes Chapter 1 and Index)

Table of Contents

Acknowledments     ix

About the Author     xii

Foreword     xiii

Timeline     xvi

Chapter 1: The Fearful Rise of Markets     1

Part I: The Rise

Chapter 2: Investment Becomes an Industry     9

Chapter 3: Indexes and Efficient Markets     16

Chapter 4: Money Markets Supplant Banks     25

Chapter 5: From Gold Standard to Oil Standard     32

Chapter 6: Emerging Markets     40

Chapter 7 Junk Bonds     48

Chapter 8: The Carry Trade     55

Chapter 9: Foreign Exchange     62

Chapter 10: Irrational Exuberance     69

Chapter 11: Banks Too Big to Fail     76

Chapter 12: Hedge Funds     83

Chapter 13: Dot Coms and Cheap Money     90

Chapter 14: BRICs     97

Chapter 15: Commodities     104

Chapter 16: Credit     112

Part II: The Fall

Chapter 17: Ending the Great Moderation     120

Chapter 18: Quant Funds     127

Chapter 19: Trust     133

Chapter 20: Bank Runs     139

Chapter 21: Bastille Day: Reflexive Markets     145

Chapter 22: Lessons from Lehman     152

Chapter 23: Politics and Institutions     158

Chapter 24: The Paradox of Diversification     163

Part III: The Fearful Rise

Chapter 25: Decoupling     171

Chapter 26: Banks Bounce     179

Chapter 27: A New Bubble?     186

Conclusion: 2010 and After     194

Notes     202

Bibliography     215

Index     222

Updates

Submit Errata

More Information

ONE MONTH ACCESS!

WITH PURCHASE


Get unlimited 30-day access to thousands of Books & Training Videos about technology, professional development and digital media If you continue your subscription after your 30-day trial, you can receive 30% off a monthly subscription to the Safari Library for up to 12 months.