The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis

Author: Tim Lee
Publisher: McGraw Hill Professional
ISBN: 1260458415
Category : Business & Economics
Languages : en
Pages : 241

Book Description
Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy—and the meteoric rise of carry. The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy—until now. A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture—one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work—particularly in the currency and stock markets—and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including: •The active role stock prices play in causing recessions—as opposed to the common belief that recessions cause price crashes •The real driving force behind financial asset prices •The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle •How positive returns to carry over time are related to market volatility—and how central bank policies have supercharged these returns Simply put, carry trading is now the primary determinant of the global business cycle—a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises. The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals—as well as the next major crisis.

The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis

Author: Tim Lee
Publisher: McGraw-Hill Education
ISBN: 9781260458404
Category : Business & Economics
Languages : en
Pages : 288

Book Description
A first-of-its-kind primer on markets and the economy—providing the knowledge you need to protect yourself from the next financial meltdown. It’s well known that carry trading has been a driving force in financial markets for years. But carry is actually much more than this. In fact, it has become the primary determinant of the global business cycle. The first book of its kind, The Rise of Carry explains how financial markets work today, how they relate to the overall economy, the increasingly important role of carry in the overall economy—and how it feeds the never-ending cycles of boom to bust and back again. The Rise of Carry provides critical but often overlooked foundational knowledge, such as: •The active role stock prices play in causing recessions (as opposed to the common belief that recessions cause price crashes)•The true driving force behind financial asset prices•How carry, volatility-selling, leverage, liquidity, and profitability affect the business cycle•How positive returns to carry over time are related to market volatility—and how central bank policies have acted to supercharge these returns Finally, you’ll gain important insight into how the rise of carry is part of a broader phenomenon that includes growing inequality in wealth and power and, by extension, other adverse political and social developments. While there has been an increasing amount of work in academia on carry trades, this groundbreaking book is a first for investors.

Realeconomik

Author: Grigoriĭ I︠A︡vlinskiĭ
Publisher: Yale University Press
ISBN: 0300161263
Category : Business & Economics
Languages : en
Pages : 256

Book Description
This book directly confronts uncomfortable questions that many prefer to brush aside: if economists and other scholars, politicians, and business professionals understand the causes of economic crises, as they claim, then why do such damaging crises continue to occur? Can we trust business and intellectual elites who advocate the principles of Realpolitik and claim the "public good" as their priority, yet consistently favor maximization of profit over ethical issues?Former deputy prime minister of Russia Grigory Yavlinsky, an internationally respected free-market economist, makes a powerful case that the often-cited causes of global economic instability--institutional failings, wrong decisions by regulators, insufficient or incorrect information, and the like--are only secondary to a far more significant underlying cause: the failure to understand that universal social norms are essential to thriving businesses and social and economic progress. Yavlinsky explores the widespread disregard for moral values in business decisions and calls for restoration of principled behavior in politics and economic practices. The unwelcome alternative, he warns, will be a twenty-first-century global economy in the grip of unending crises.

Covid-19, Gangs, and Conflict

Author: John P. Sullivan
Publisher: Xlibris Corporation
ISBN: 1664124330
Category : Political Science
Languages : en
Pages : 321

Book Description
The Coronavirus pandemic is fueling conflict and fostering extremism while concurrently empowering gangs, cartels, and mafias in their quest for power and profit. In COVID-19, Gangs, and Conflict, Editors John P. Sullivan and Robert J. Bunker bring together a curated collection of both new and previously published material to explore the trends and potentials of the global pandemic emergency. Topics include an exploration of proto-statemaking by criminal groups, the interaction of pandemics and conflict, as well as a comparison of gangs, criminal cartels, and mafias exploiting the crisis and exerting criminal governance in Brazil, El Salvador, Mexico, Colombia, and South Africa. Implications for national security, biosecurity, slums, transnational organized crime, and threats and opportunities in the contested pandemic space are assessed. SWJ

Geopolitical Alpha

Author: Marko Papic
Publisher: John Wiley & Sons
ISBN: 1119740223
Category : Business & Economics
Languages : en
Pages : 304

Book Description
Forecast geopolitics and markets with this clear and insightful resource Geopolitical Alpha – An Investment Framework for Predicting the Future provides readers with an original and compelling approach to forecasting the future and beating the markets while doing so. Persuasively written by author, investment strategist, and geopolitical analyst Marko Papic, the book applies a novel framework for making sense of the cacophony of geopolitical risks with the eye towards generating investment-relevant insights. Geopolitical Alpha posits that investors should ignore the media-hyped narratives, insights from "smoke-filled rooms," and most of their political consultants and, instead, focus exclusively on the measurable, material constraints facing policymakers. In the tug-of-war between policymaker preferences and their constraints, the latter always win out in the end. Papic uses a wealth of examples from the past decade to illustrate how one can use his constraint-framework to generate Geopolitical Alpha. In the process, the book discusses: What paradigm shifts will drive investment returns over the next decade Why investment and corporate professionals can no longer treat geopolitics as an exogenous risk How to ignore the media and focus on what drives market narratives that generate returns Perfect for investors, C-suite executives, and investment professionals, Geopolitical Alpha belongs on the shelf of anyone interested in the intersection of geopolitics, economics, and finance.

Deadly Choices

Author: Paul A. Offit
Publisher: Basic Books (AZ)
ISBN: 0465057969
Category : Science
Languages : en
Pages : 298

Book Description
A renowned researcher vigorously challenges the anti-vaccine movement in this powerful defense of science in the face of fear.

Chirality in Liquid Crystals

Author: Heinz Kitzerow
Publisher: Springer Science & Business Media
ISBN: 0387986790
Category : Science
Languages : en
Pages : 513

Book Description
Describes the main aspects of chirality in liquid crystals, and points out some of the open questions of current research. The chapters review the highlights of the important topics and questions.

The Capital Markets

Author: Gary Strumeyer
Publisher: John Wiley & Sons
ISBN: 1119220548
Category : Business & Economics
Languages : en
Pages : 661

Book Description
The Capital Markets: evolution of the financial ecosystem is the new standard providing practical text book style coverage of this dynamic market and its products. Written by the former President of BNY Mellon Capital Markets, LLC for both financial professionals and novices, The Capital Markets provides a comprehensive macro view of the marketplace and how its products operate. The subject matter offers an authoritative discussion of the fundamentals of both, the fixed income and equity markets, underwriting, securitizations, derivatives, currency among other products through the lens of leading industry practitioners. Key Learning Concepts Understand the impact of both global and domestic regulatory changes Learn about the products that holistically make up the capital markets Explore the components of the infrastructure that underpins these markets Examine the tools used for trading and managing risk Review new product innovations

Crisis in Autocratic Regimes

Author: Johannes Gerschewski
Publisher: Lynne Rienner Publishers
ISBN: 9781626376731
Category : Authoritarianism
Languages : en
Pages : 269

Book Description

At the Nuclear Precipice

Author: D. Krieger
Publisher: Palgrave Macmillan
ISBN: 9780230609044
Category : Political Science
Languages : en
Pages : 0

Book Description
This book examines the intersections between international law and national policies, and nuclear proliferation and disarmament, offering a way out if policy makers of leading countries can summon the vision and political will to move away from the nuclear precipice and ensure humanity's future.