Endgame details the Debt Supercycle and the sovereign debt crisis, and shows that, while there are no good choices, the worst choice would be to ignore the. I have been thinking a lot about how the credit crisis evolved into the sovereign debt crisis, and how it all ends. What will a world look like as a. Endgame – The End Of The Debt Supercycle And How It Changes Everything by John Mauldin and Jonathan Tepper was published earlier this.
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The reality is, the medicine may be worse than the disease, and no politician or the average voter they represent wants to hear this. I wanted an unbiased opinion, from some people with a sueprcycle and credible understanding, and although the authors are optimists I would say that they did give a fairly decent and unbiased opinion on what’s to come The Author’s sure do know what there talking about.
ENDGAME examines the effect and impact of the present financial crisis on the world and the USA economy and examine what may happen when all these countries can no longer borrow.
Amazon Advertising Find, attract, and engage customers. One thing to keep in mind is the amount of US public debt held by the Fed. Our current financial problems stand squarely on the shoulders of the politicians who passed unfunded earmarks, a 70 billion agribusiness bill,unfunded no bid contracts in Iraq, an unfunded Medicare plan D billion per year debtt an unfunded 3.
The authors go country by country and explain what is happening, what should have been lea If you think the global debt crisis doesn’t effect you, read this book and you’ll be as freaked about our global economy and political climate as I am.
However, the main author has an annoying habit of quoting things at great length, referring to supercyclf in the third person, and bragging that he has five adopted children. It will be like this for a period of six or seven years as the debt deleveraging process works itself out. The authors believe that deflation will precede inflation pp.
Muddle thru in that market returns would have a revision to the mean and not be that much, or what we starting to get used to. I have worked in cardiology for thirty-four years and the primary problem is people have been neglecting their healthcare for decades. The situation is very bad, and there doesn’t seem to be any painless way out of it.
Endgame: The End of the Debt Supercycle and How It Changes Everything
The author prefers the Friedman approach over Keynes Steps which were necessary to prevent another great depression, but the consequences of such actions are not fully known. Is there an example of a country making a better choice? The sort of economic summary that only anglophiles write. Australia has always encouraged home ownership, without engaging in the egregious practices of the GSE’s in the US.
However, their worst-case scenarios describe an economic apocalypse in more than one country. I must admit that most of my recommended reading is left-leaning.
Fourth, ask the Republicans to fund all their expenses from before writing another bill. That prognostication turned out to be very true. Withoutabox Submit to Film Festivals. Where in Australia are there the acres and acres of newly built unoccupied homes and useless public infrastructure projects eg: Some facts from this book are really shocking, and just shows the extent of the mess some countries are in.
Amazon Rapids Fun stories for kids on the go. The massive household deleveraging and historic shift of private debt onto government balance sheets now underway all over the world represents the end of a year global Debt Supercycle.
I’d dbet they have dealt Australia a very bad hand indeed! In summary, this was an enlightening read. Economics may seem like voodoo at times, but the authors start with the basic international accounting. Unlike some doomsayers, Mauldin and the co-author show optimism by offering solutions to seemingly unsolvable problems, but the medicine will be bitter. The Future of Public Debt, 7.
It’s amazing how much clearer things are when we look backward. Supwrcycle politically stable democracy, investor friendly, resource rich and relatively free of corruption how many expanding Asian countries can meet those criteria? Dec 07, David rated it liked it Recommends it for: Stiglitz, “End This Depression Now! The Future of Public Debt: We were paying off the national debt ten years ago.
I also thought that environmental degradation was really left out of the story, especially in the chapter about Australia. It also offers investors an abundance of useful analysis and expert advice on how to protect their assets during the worst of it and prosper from the many new opportunities that will emerge globally as they present themselves.
In summary, the book was a disappointment but at least it stimulated my critical faculties and showed yet again that with the right statistics one can prove almost any det
An interesting chapter, and one almost never touched upon, is Australia. While it does focus on the US economy, it provides a worldwide tour of similar debt crises, ranging from Japan, to UK, to Hungary, Greece an Endgame is ensgame politicians nightmare.
Endgame: The End of the Debt Supercycle and How It Changes Everything by Jonathan Tepper
The European Periphery, A decent relief is that Endgame is, unlike most other works, a US-centric book. Road to Perdition or Rejuvenation? The Elements of Deflation, 8.