A former vice president of Lehman Brothers explains the financial collapse of the securities giant in 2008, what led to the financial crisis, and who had been responsible for its downfall.
Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy
Seismic shifts in the global economy are poised to trigger a multi-trillion-dollar migration of wealth, as outlined by a leading expert on market risk. The author critiques outdated economic theories and predicts sustained inflation and debt crises, urging a departure from the illusion of a return to normalcy. Drawing from his experience at Lehman Brothers, he identifies twenty-one indicators for assessing economic health and presents unique predictive models. This book offers actionable trading ideas to navigate the evolving financial landscape and seize investment opportunities.
'Any investor with skin in the game needs to buy this book.' Niall Ferguson From the Stock Exchange to Westminster, the fantasy of an eventual 'return to normal' is still alive and well. But the economic world as we know it - and the rules that govern it - are over. And few are prepared. Here, market risk expert Lawrence McDonald unveils the predictive model he developed in the aftermath of Lehman Brothers' collapse, outlining actionable trading ideas for a radically reshaped economy. Readers will discover- Why inflation will stay near 3-5% for the next decade Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks and passive investment strategies Why America will likely lose its position as a global superpower and holder of the world's premier reserve currency Rather than merely doomsaying, How to Listen When Markets Speakequips readers to make sense of our current moment, resist reactionary narratives and baseless analysis and pounce on a new investing playbook.
Does one young thief have what it takes to stop an evil corporation from taking over the world?