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

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

John Authers
3/5 ( ratings)
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
Pages
256
Format
ebook
Publisher
FT Press
Release
March 29, 2010
ISBN
0131388134
ISBN 13
9780131388130

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

John Authers
3/5 ( ratings)
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
Pages
256
Format
ebook
Publisher
FT Press
Release
March 29, 2010
ISBN
0131388134
ISBN 13
9780131388130

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