Financial Reckoning Day: Memes, Manias, Booms & Busts ... Investing In the 21st Century

ISBN-13: 9781394174669 / Angielski

Addison Wiggin; William Bonner

Opis

An engaging and practical romp through contemporary financial and economic history—and what it means for your financial future Economic booms and busts are happening with more frequency. Since the turn of the new millennium, fortunes have been made and lost at a blistering pace. Each boom is like the tension building up before an earthquake. Seismologists can detect the build-up, but they can't necessarily explain why—or when—the next quake will hit. Economic busts can be equally devastating…and followed by numerous aftershocks. In this entertaining romp through recent economic and financial history, best-selling author, Addison Wiggin, traces the primary trends that have led up to rapid economic growth and innovation while keeping an eye on the inevitable downturn. The author practices "literary economics," telling stories about the characters behind the scenes and their motives, making this wide-ranging book easy-to-read. The current edition has been revised, adapted, and re-imagined, enlightening readers about what's happening behind today's top headlines: The rise of new financial innovations over the past decade, including cryptocurrencies, mobile trading platforms, and the democratization of financial markets How the policies of the Federal Reserve following the Panic of '08 led an entire generation to become unwitting speculators in stocks, bonds, real estate, and rare commodities What impact new political trends—environmental, social, governance (ESG) and diversity equity and inclusion (DEI)—have had on managing your own money Ultimately, the book helps place current events in the context of identifiable historical trends. The book proposes that when you understand what the primary trends are and follow them to their logical conclusion, it makes planning for your financial future much easier. What will be the role of the US economy in the future as policy makers try to grapple with new competition, economic and political, from Brazil, Russia, India, China - the so-called BRICs? The author follows the facts, the trends, and the stories that make up history and parlays them into forecasts for what he sees coming next. Ultimately, you'll get a review of previous trades and a new Trade of the Decade.

Spis treści

DedicationForeword from Jim Rogers--appendixNew Foreword from George GilderOld preface--appendix by Bill BonnerIntroduction: Hell in a BucketPart One: Wildness Lies in WaitChapter 1: The Old "New Economy"Chapter 2: Homo Digitalis, or If You Know, You KnowChapter 3: Dreamers and SchemersPart Two: The Fabulous Destiny of Alan GreenspanChapter 4: In the Bath Blowing BubblesChapter 5: "Free Money" and Other New Era HallucinationsChapter 6: A Theory of Moral HazardsChapter 7: First It Giveth...Part Three: Extraordinary Popular DelusionsChapter 8: John Law and the Origins of a Bad IdeaChapter 9: The Digital Age of CrowdsChapter 10: The Crack-Up BoomChapter 11: The Party at the End of the WorldNotesIndex

O autorze

ADDISON WIGGIN is a best selling writer, publisher, and filmmaker, with over two decades of experience. An acclaimed New York Times best selling author, his books also include: Demise of the Dollar, Empire of Debt, and The Little Book of the Shrinking Dollar. Addison is the writer and executive producer of the documentary I.O.U.S.A., an exposé on the national debt, shortlisted for an Academy Award. Addison started his latest project, a podcast called The Wiggin Sessions, during the pandemic in a tornado warning. He films from a homegrown studio in Baltimore, Maryland where he lives with his family. Addison has interviewed, at length, many of the world's most accomplished financiers, investors, politicians and executives.JAMES BEELAND ROGERS JR. is an American investor and financial commentator based in Singapore. Rogers is the chairman of Beeland Interests, Inc. He was the co-founder of the Quantum Fund and Soros Fund Management. He was also the creator of the Rogers International Commodities Index (RICI).