Global Waves of Debt Book

Global Waves of Debt


  • Author : M. Ayhan Kose
  • Publisher : World Bank Publications
  • Release Date : 2021-03-03
  • Genre: Business & Economics
  • Pages : 306
  • ISBN 10 : 9781464815454

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Global Waves of Debt Excerpt :

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.

Principles Book
Score: 5
From 1 Ratings

Principles


  • Author : Ray Dalio
  • Publisher : Simon and Schuster
  • Release Date : 2018-08-07
  • Genre: Business & Economics
  • Pages : 560
  • ISBN 10 : 9781982112387

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Principles Excerpt :

#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their str

On My Radar Book

On My Radar


  • Author : Stephen Blumenthal
  • Publisher : Forbesbooks
  • Release Date : 2021-01-12
  • Genre: Uncategoriezed
  • Pages : 200
  • ISBN 10 : 1946633410

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On My Radar Excerpt :

HOW TO GROW AND DEFEND YOUR WEALTH What matters when it comes to investing? It's not what you may think. Trade deals, tweets, and more may affect the market for a moment in time, but the reality is most news is just noise-- sound bites that ultimately don't matter. So, what does? Steve Blumenthal has spent his career studying just that. He's seen how that noise encourages investors to behave badly. But you don't have to fall prey to the same mistakes investors routinely make. On My Radar: Navigating Stock Market Cycles explains the ins and outs of what matters: from long- and short-term debt cycles to the merciless math of loss--the concept that compounding interest works differently on the way up than it does on the way down--and the impact of recessions. Then it provides a plan: when to play offense, when to play defense, and how to carefully grow and defend your core wealth in a way that enables you to explore select investment opportunities that may further enhance your wealth. It is a must read for anyone seeking an actionable investment process.

Big Debt Crises Book

Big Debt Crises


  • Author : Ray Dalio
  • Publisher : Unknown
  • Release Date : 2018-11
  • Genre: Business & Economics
  • Pages : 456
  • ISBN 10 : 1732689806

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Big Debt Crises Excerpt :

This Time Is Different Book
Score: 3.5
From 10 Ratings

This Time Is Different


  • Author : Carmen M. Reinhart
  • Publisher : Princeton University Press
  • Release Date : 2011-08-07
  • Genre: Business & Economics
  • Pages : 513
  • ISBN 10 : 9780691152646

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This Time Is Different Excerpt :

Examines financial crises of the past and discusses similarities between these events and the current crisis, presenting and comparing historical patterns in bank failures, inflation, debt, currency, housing, employment, and government spending.

Bust Book
Score: 3
From 2 Ratings

Bust


  • Author : Matthew Lynn
  • Publisher : John Wiley & Sons
  • Release Date : 2010-12-21
  • Genre: Business & Economics
  • Pages : 288
  • ISBN 10 : 1119990688

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Bust Excerpt :

In 2001, Greece saw its application for membership into the Eurozone accepted, and the country sat down to the greatest free lunch in economic history. However, the coming years of global economic prosperity would lead to unrestrained spending, cheap borrowing, and a failure to implement financial reform, leaving the country massively exposed to a financial crisis—which duly struck. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, Bloomberg columnist Matthew Lynn explores Greece's spectacular rise and fall from grace and the global repercussions of its financial disaster. Page by page, he provides a thrilling account of the Greek financial crisis, drawing out its origins, how it escalated, and its implications for a fragile global economy. Along the way, Lynn looks at how the Greek contagion has spread like wildfire throughout Europe and explores how government ineptitude as well as financial speculators compounded the problem. Blending financial history, politics, and current affairs, Lynn skillfully tells the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Lively, engaging, and thought provoking, Bust reminds us just how interconnected the world really is.

The Financial Crisis Inquiry Report Book
Score: 4
From 1 Ratings

The Financial Crisis Inquiry Report


  • Author : Financial Crisis Inquiry Commission
  • Publisher : Cosimo, Inc.
  • Release Date : 2011-05-01
  • Genre: Political Science
  • Pages : 690
  • ISBN 10 : 9781616405410

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The Financial Crisis Inquiry Report Excerpt :

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011

Lost Decades  The Making of America s Debt Crisis and the Long Recovery Book

Lost Decades The Making of America s Debt Crisis and the Long Recovery


  • Author : Menzie D. Chinn
  • Publisher : W. W. Norton & Company
  • Release Date : 2011-09-19
  • Genre: Business & Economics
  • Pages : 304
  • ISBN 10 : 9780393080506

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Lost Decades The Making of America s Debt Crisis and the Long Recovery Excerpt :

A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.

House of Debt Book
Score: 4
From 2 Ratings

House of Debt


  • Author : Atif Mian
  • Publisher : University of Chicago Press
  • Release Date : 2015-05-20
  • Genre: Business & Economics
  • Pages : 238
  • ISBN 10 : 9780226277509

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House of Debt Excerpt :

The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as the current economic malaise in Europe, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi. More aggressive debt forgiveness after the crash helps, but as they illustrate, we can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing the modern economy today: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to pr

Principles for Dealing with the Changing World Order Book
Score: 3.5
From 2 Ratings

Principles for Dealing with the Changing World Order


  • Author : Ray Dalio
  • Publisher : Simon and Schuster
  • Release Date : 2021-11-30
  • Genre: Business & Economics
  • Pages : 594
  • ISBN 10 : 9781982164799

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Principles for Dealing with the Changing World Order Excerpt :

NEW YORK TIMES BESTSELLER “A provocative read...There are few tomes that coherently map such broad economic histories as well as Mr. Dalio’s. Perhaps more unusually, Mr. Dalio has managed to identify metrics from that history that can be applied to understand today.” —Andrew Ross Sorkin, The New York Times From legendary investor Ray Dalio, author of the #1 New York Times bestseller Principles, who has spent half a century studying global economies and markets, Principles for Dealing with the Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes—and to offer practical advice on how to navigate them well. A few years ago, Ray Dalio noticed a confluence of political and economic conditions he hadn’t encountered before. They included huge debts and zero or near-zero interest rates that led to massive printing of money in the world’s three major reserve currencies; big political and social conflicts within countries, especially the US, due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (US) and the existing world order. The last time that this confluence occurred was between 1930 and 1945. This realization sent Dalio on a search for the repeating patterns and cause/effect relationships underlying all major changes in wealth and power over the last 500 years. In this remarkable and timely addition to his Principles series, Dalio brings readers along for his study of the major empires—including the Dutch, the British, and the American—putting into perspective the “Big Cycle” that has driven the successes and failures of all the world’s major countries throughout history. He reveals the timeless and universal forces behind these shifts and uses them to look into the future, offering practical pr

Sovereign Debt Crisis Book

Sovereign Debt Crisis


  • Author : D. Chorafas
  • Publisher : Springer
  • Release Date : 2011-06-13
  • Genre: Business & Economics
  • Pages : 275
  • ISBN 10 : 9780230307124

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Sovereign Debt Crisis Excerpt :

Restructuring the balance sheets of Western governments, banks and households is an important issue in the recovery after the recent crisis. Chorafas' latest book focuses on sovereign debt, sovereign risk and the developing economic and financial business climate and explains why the year of the big crisis may fall in the middle of this decade.

China Book

China


  • Author : Thomas Orlik
  • Publisher : Oxford University Press, USA
  • Release Date : 2020
  • Genre: China
  • Pages : 241
  • ISBN 10 : 9780190877408

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China Excerpt :

A provocative perspective on the fragile fundamentals, and forces for resilience, in the Chinese economy, and a forecast for the future on alternate scenarios of collapse and ascendance.

Boomerang  Travels in the New Third World Book
Score: 3.5
From 30 Ratings

Boomerang Travels in the New Third World


  • Author : Michael Lewis
  • Publisher : W. W. Norton & Company
  • Release Date : 2011-10-03
  • Genre: Business & Economics
  • Pages : 240
  • ISBN 10 : 9780393082241

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Boomerang Travels in the New Third World Excerpt :

“Lewis shows again why he is the leading journalist of his generation.”—Kyle Smith, Forbes The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.

Between Debt and the Devil Book
Score: 4
From 1 Ratings

Between Debt and the Devil


  • Author : Adair Turner
  • Publisher : Princeton University Press
  • Release Date : 2017-08-02
  • Genre: Business & Economics
  • Pages : 330
  • ISBN 10 : 9780691175980

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Between Debt and the Devil Excerpt :

Why our addiction to debt caused the global financial crisis and is the root of our financial woes Adair Turner became chairman of Britain's Financial Services Authority just as the global financial crisis struck in 2008, and he played a leading role in redesigning global financial regulation. In this eye-opening book, he sets the record straight about what really caused the crisis. It didn’t happen because banks are too big to fail—our addiction to private debt is to blame. Between Debt and the Devil challenges the belief that we need credit growth to fuel economic growth, and that rising debt is okay as long as inflation remains low. In fact, most credit is not needed for economic growth—but it drives real estate booms and busts and leads to financial crisis and depression. Turner explains why public policy needs to manage the growth and allocation of credit creation, and why debt needs to be taxed as a form of economic pollution. Banks need far more capital, real estate lending must be restricted, and we need to tackle inequality and mitigate the relentless rise of real estate prices. Turner also debunks the big myth about fiat money—the erroneous notion that printing money will lead to harmful inflation. To escape the mess created by past policy errors, we sometimes need to monetize government debt and finance fiscal deficits with central-bank money. Between Debt and the Devil shows why we need to reject the assumptions that private credit is essential to growth and fiat money is inevitably dangerous. Each has its advantages, and each creates risks that public policy must consciously balance.

Confronting Capitalism Book

Confronting Capitalism


  • Author : Philip Kotler
  • Publisher : AMACOM
  • Release Date : 2015-04-15
  • Genre: Business & Economics
  • Pages : 256
  • ISBN 10 : 9780814436462

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Confronting Capitalism Excerpt :

With one side of the political aisle proposing increasingly more socialistic and anti-capitalistic ideas, the other side has been quick to defend our country’s great economic model, with good reason. Capitalism--spanning a spectrum from laissez faire to authoritarian--shapes the market economies of all the wealthiest and fastest-growing nations. But does that mean it is perfect as is, and that we would not all benefit from an honest evaluation and reconstruction of the free market system that has shaped our country’s way of economic growth?The truth is, trouble is cracking capitalism’s shiny veneer. In the US, Europe, and Japan, economic growth has slowed down. Wealth is concentrated in the hands of a few; natural resources are exploited for short-term profit; and good jobs are hard to find. In Confronting Capitalism, business expert Philip Kotler explains 14 major problems undermining capitalism, including:• Persistent and increasing poverty• Automation’s effects on job creation• High debt burdens• Steep environmental costs• Boom-bust economic cycles• And moreBut this landmark book does not stop with merely revealing the problems. It also delivers a heartening message: We can turn things around! Movements toward shared prosperity and a higher purpose are reinvigorating companies large and small, while proposals abound on government policies that offer protections without stagnation. Kotler identifies the best ideas, linking private and public initiatives into a force for positive change, and offers suggestions for returning to a healthier, more sustainable capitalism that works for all.