Aftermath : seven secrets of wealth preservation in the coming chaos / James Rickards.

Format:

Book

Author/Creator:

Rickards, James, author.

Language:

English

Subjects (All):

Investments.

Financial crises.

Finance--Forecasting.

Finance.

Economic forecasting.

Physical Description:

326 pages ; 24 cm

Place of Publication:

[New York] : Portfolio/Penguin, [2019]

Summary:

"The evidence of the past ten years proves that the most devastating financial crisis since the Great Depression is right around the corner. The global elites are ready to protect their wealth. Are you? Since President Donald Trump enacted a series of tax cuts, the American economy appears to be on a solid growth path and fully recovered from 2008's devastating recession. But, as any student of financial history knows, the dizzying heights of the stock market can't continue indefinitely--and they won't. Investor optimism around the Trump administration has led to artificially inflated asset prices, ruinously low interest rates, the increased popularity of index funds, and the infiltration of behavioral economics into our financial lives. Evidence of systemic risk--market volatility, ballooning U.S. and global debt, and political instability--is everywhere for those who are paying attention. In [this book], bestselling financial expert James Rickards sketches the harrowing economic crisis that's right around the corner and identifies the asset classes that are most--and least--exposed. Drawing on his extensive knowledge of capital markets and unconventional insights, Rickards shows: why high-valuation, high-growth tech and media stocks like Facebook, Netflix, and Amazon are best avoided; why smart investors are steering clear of digital currencies like Bitcoin and Ethereum; how passively managed index funds are thwarting the corrective forces of the market--and creating opportunity for active investors; why cash will still be king when another financial panic inevitably drives asset values down by 50 percent or more; how the behavioral economists who advise 401(k) plans manipulate investors into overexposure in equity markets. In the same take-no-prisoners style that won him wide acclaim for books like Currency Wars, Rickards calls out the key players and capital flows underpinning the global economy."--Dust jacket.

Contents:

Scattergoods

Putting out fire with gasoline

Find the cost of freedom

The alpha trap

Free money

The Mar-a-Lago accord

Godzilla

Aftermath.

Notes:

Place of publication from publisher's website.

Includes bibliographical references (pages [309]-313) and index.

Other Format:

Online version: Rickards, James, author. Aftermath

ISBN:

9780735216952

0735216959

9780241304082

0241304083

OCLC:

1090279614