Mauldin / Tepper Endgame

The End of the Debt SuperCycle and How It Changes Everything
1. Auflage 2011
ISBN: 978-1-118-05806-0
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 336 Seiten, E-Book

Greece isn't the only country drowning in debt. The DebtSupercycle--when the easily managed, decades-long growth ofdebt results in a massive sovereign debt and credit crisis--isaffecting developed countries around the world, including theUnited States. For these countries, there are only two options, andneither is good--restructure the debt or reduce it throughausterity measures. Endgame details the Debt Supercycle andthe sovereign debt crisis, and shows that, while there are no goodchoices, the worst choice would be to ignore the deleveragingresulting from the credit crisis. The book:
* Reveals why the world economy is in for an extended period ofsluggish growth, high unemployment, and volatile markets punctuatedby persistent recessions
* Reviews global markets, trends in population, governmentpolicies, and currencies
Around the world, countries are faced with difficult choices.Endgame provides a framework for making those choices.

Autoren/Hrsg.

Mauldin, John

Tepper, Jonathan

Inhaltsverzeichnis

Acknowledgments xiii
Introduction: Endgame 1
Part One: The End of the Debt Supercycle 11
Chapter 1: The Beginning of the End 15
Chapter 2: Why Greece Matters 31
Chapter 3: Let's Look at the Rules 45
Chapter 4: The Burden of Lower Growth and More FrequentRecessions 73
Chapter 5: This Time Is Different 91
Chapter 6: The Future of Public Debt: An Unsustainable Path109
Chapter 7: The Elements of Deflation 133
Chapter 8: Inflation and Hyperinflation 157
Part Two: A World Tour: Who Will Face Endgame First?175
Chapter 9: The United States: The Mess We Find Ourselves In181
Chapter 10: The European Periphery: A Modern-Day Gold Standard215
Chapter 11: Eastern European Problems 233
Chapter 12: Japan: A Bug in Search of a Windshield 247
Chapter 13: The United Kingdom: How to Quietly Inflate Away YourDebt 261
Chapter 14: Australia: Could It Follow in Ireland's Footsteps?273
Chapter 15: Unintended Consequences: Loose Monetary Policies andEmerging Markets 283
Conclusion: Investing and Profiting from Endgame 293
Epilogue: Some Final Thoughts 297
Notes 301
About the Authors 309
Index 311

Über Autor(innen)

JOHN MAULDIN is a renowned financial expert, a multiple NewYork Times best-selling author, and a pioneering onlinecommentator. His weekly e-newsletter, Thoughts From The Frontline,was one of the first publications to provide investors with free,unbiased information and guidance. Today, it is one of the mostwidely distributed investment newsletters in the world, translatedinto Chinese, Spanish and Italian. He is regularly seen on TV andin national print media. President of Millennium Wave Investments,he is the father of seven children (five adopted) and lives inDallas, Texas.
JONATHAN TEPPER is the founder and Chief Editor ofVariant Perception, a macroeconomic research group catering tohedge funds and high-net-worth individuals.