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The fearful rise of markets : global bubbles, synchronized meltdowns, and how to prevent them in the future /
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...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Upper Saddle River, New Jersey :
FT Press,
©2010.
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| Temas: | |
| Acceso en línea: | Texto completo (Requiere registro previo con correo institucional) |
| Sumario: | 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. |
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| Descripción Física: | 1 online resource (xxii, 231 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 201-221) and index. |
| ISBN: | 9780131388147 0131388142 8131744132 9788131744130 9786612552410 6612552417 1282552414 9781282552418 0131388134 9780131388130 |