Contagion: the financial epidemic that is sweeping the global economy and how to protect yourself from it

Tough times are ahead and Talbott argues that the coming recession will be ona global scale, affecting economies across the world. We have had no real growth in GDP for the last ten years if purchases with government and personal debt are excluded. In effect, government borrowing and spending on the war and healthcare and Social Security and corporate give-aways combined with dramatic increases in personal spending funded by credit card and mortgage debt have funded unsustainable levels of personal and government consumption. The world's banks are threatened with insolvency due to bad mortgage loans and will not bemaking new loans for any purposes for a very long time. Consumption, by definition, has to decline. Our financial markets worldwide are in chaos with the inability of any financial house or big hedge fund going bankrupt without pulling down the whole $400 trillion derivatives market and the global financial markets at the same time. With this as a backdrop, Talbott offers practical suggestions as to how homeowners and investors can best weather the coming storm with specific advice on where to invest by type of investment and geographic location. Stocks, bonds, TIPS, commodities, real estate, housing and currencies will all be examined.John R. Talbott (Bardstown, KY) is a former investment banker for Goldman Sachs in New York City and recently was a Visiting Scholar at UCLAs Anderson School of Management in Los Angeles. He has published five popular books in the field of economics and politics, numerous research papers on subjects as varied as global poverty, AIDS, the importance of democracy and a free press for global development and improving inequality in the world, and many newspaper and magazine articles. Talbott is regarded as the first person to warn the public about the current housing and mortgage mess in his 2003 book, The Coming Crash of the Housing Market. His January 2006 book, Sell Now! The End of the HousingBubble, accurately predicted the absolute peak in the housing and mortgage markets. His new book, Obamanomics, published in August 2008. Talbott has appeared on CNN, Fox News, CNNfn, CNBC, CBS Marketwatch and in print in the Wall Street Journal, the Financial Times, the Economic Times of India and the Boston Globe. His previous books were reviewed in the Wall Street Journal and the Los Angeles Times and he has spoken live on numerous nationally syndicated radio programs across the U.S. and Canada. Talbott graduated with a BS in Civil Engineering from Cornell University and holds an MBA in finance from UCLAs AndersonSchool.

• ISBN: 978-0-470-59367-7
• Editorial: John Wiley & Sons
• Encuadernacion: Rústica
• Páginas: 272
• Fecha Publicación: 02/06/2010
• Nº Volúmenes: 1
• Idioma: Inglés