The Everything Bubble chronicles the creation and evolution of the US financial system, starting with the founding of the US Federal Reserve in 1913 and leading up to the present era of serial bubbles: the Tech Bubble of the '90s, the Housing Bubble of the early '00s and the current bubble in US sovereign bonds, which are also called Treasuries. Because these bonds serve as the foundation of our current financial system, when they are in a bubble, it means that all risk assets (truly EVERYTHING), are in a bubble, hence our title, The Everything Bubble. In this sense, the Everything Bubble represents the proverbial end game for central bank policy: the final speculative frenzy induced by Federal Reserve overreach. The Everything Bubble book is the result of over a decade of research and analysis of the financial markets and economy by noted investment analyst, Graham Summers, MBA. As such, this book is intended for anyone who wants to understand how the US financial system truly operates as well as those interested in the Federal Reserve's future policy responses when the Everything Bubble bursts. To that end, The Everything Bubble is divided into two sections: How We Got Here and What's to Come. Combined, these sections represent a blueprint for all things finance and money-related in the United States.This knowledge is now yours.
There are crashes and then there are Crashes. But what turns an ordinary downturn into an era-defining crisis? What makes the difference between an event like the Wall Street Crash of 1929 and a brief bear market? The answer lies in financial exuberance: speculative mania that appears to be making everyone rich, only to end up making everyone much, much worse off. Historian and professional investor Alasdair Nairn predicted both the dotcom and subprime collapses, and in this compelling new book shares the evidence that we are living through such a period of deadly excess right now. Markets appear to be going up and up, but they have got perilously ahead of themselves. Danger lies in every single investable asset class. What some have called the ‘Everything Bubble’ has inflated to unprecedented proportions. And now the bubble is about to burst. Nairn lays bare the level of danger with unprecedented detail and pieces together the steps that brought us to the precipice. Lastly, he points out options open to those willing to act now to avoid future harm to their wealth. As we near the end of the Everything Bubble, don’t be one of those caught out!
Why the global economy has become increasingly unstable, and how financial “de-carbonization” could break the pattern of bubble-driven wealth destruction. The global economy has become increasingly, perhaps chronically, unstable. Since 2008, we have heard about the housing bubble, subprime mortgages, banks “too big to fail,” financial regulation (or the lack of it), and the European debt crisis. Wall Street has discovered that it is more profitable to make money from other people's money than by investing in the real economy, which has limited access to capital—resulting in slow growth and rising inequality. What we haven't heard much about is the role of natural resources—energy in particular—as drivers of economic growth, or the connection of “global warming” to the economic crisis. In The Bubble Economy, Robert Ayres—an economist and physicist—connects economic instability to the economics of energy. Ayres describes, among other things, the roots of our bubble economy (including the divergent influences of Senator Carter Glass—of the Glass-Steagall Law—and Ayn Rand); the role of energy in the economy, from the “oil shocks” of 1971 and 1981 through the Iraq wars; the early history of bubbles and busts; the end of Glass-Steagall; climate change; and the failures of austerity. Finally, Ayres offers a new approach to trigger economic growth. The rising price of fossil fuels (notwithstanding “fracking”) suggests that renewable energy will become increasingly profitable. Ayres argues that government should redirect private savings and global finance away from home ownership and toward “de-carbonization”—investment in renewables and efficiency. Large-scale investment in sustainability will achieve a trifecta: lowering greenhouse gas emissions, stimulating innovation-based economic growth and employment, and offering long-term investment opportunities that do not depend on risky gambling strategies with derivatives.
Why do stock and housing markets sometimes experience amazing booms followed by massive busts and why is this happening more and more frequently? In order to answer these questions, William Quinn and John D. Turner take us on a riveting ride through the history of financial bubbles, visiting, among other places, Paris and London in 1720, Latin America in the 1820s, Melbourne in the 1880s, New York in the 1920s, Tokyo in the 1980s, Silicon Valley in the 1990s and Shanghai in the 2000s. As they do so, they help us understand why bubbles happen, and why some have catastrophic economic, social and political consequences whilst others have actually benefited society. They reveal that bubbles start when investors and speculators react to new technology or political initiatives, showing that our ability to predict future bubbles will ultimately come down to being able to predict these sparks.
"Wall Street newsletters come and go, but Grant's Interest Rate Observer has gone on and on. It has enlightened, enriched and provoked Wall Streets most successful investors every two weeks for the past 25 years. Its thousands of readers treasure it not only for its insights and analysis, but also for its clarity and wit." "This special anniversary collection of Grant's articles traces the tumultuous events of Americas bubble era: from the dot-com boom of the late 1990s to the house-price levitation of the early 2000s to the subsequent worldwide mortgage collapse. The essays contained herein make up no armchair history, but a living record comprised in the heat of events. They chronicle what happened and why - and what, in editor Grant's best judgment, was likely to happen down the road."--BOOK JACKET.
In this sequel to the 2017 best-seller, The Everything Bubble, Graham Summers, MBA presents and analyzes the major macroeconomic developments that have occurred since that time, focusing specifically on global policymakers' responses to the 2020 pandemic.Building on the framework initially presented in The Everything Bubble, Graham outlines what policymakers got wrong regarding the shutdowns as well as how the US Federal Reserve and Federal Government unleashed inflation via outrageous amounts of stimulus/ money printing between 2020 and 2022. After examining the implications of these developments for the financial system, Graham presents what he sees as the future of monetary policy, specifically, what policies the US Federal Reserve and Federal Government will be forced to implement when the next crisis or recession hits. The second half of the book is devoted to providing guidelines for investing in this new climate from two perspectives: avoiding the most common mistakes investors typically make and how to employ proper risk management to maximize returns. Building on the strategies Graham has developed over 20 years as a market strategist, Into the Abyss gives readers a new framework for thinking about the markets and investing in the post-pandemic era.
THE DOWNTURN IS HERE! Harry Dent has been predicting for some time that we are about to enter a prolonged downturn, one that will be looked at by historians as a classic economic depression, due to demographic factors: one of the largest generations in history - the baby boomers - are leaving the workplace, either due to planned retirement or involuntarily (due to layoffs or not being able to find work), which will have a profound impact on all sectors of our economy. This economic downturn could have been swifter and the pain much less had the Fed allowed it to happen naturally. However, due to several rounds of quantitative easing, essentially pumping "free money" into the economy, the Fed has not only delayed the inevitable, but they have ensured that the downturn will be much longer and much more severe than it could have been. Harry Dent believes that the Fed cannot keep the bubble from popping much longer - and when it does pop, every individual will need to be prepared for a period he calls an "economic winter". In this book, you'll learn the personal and business strategies that will be essential to protect and preserve your assets and the few areas of the economy that will still do well during this winter period. This is essential reading for everyone, especially during a crisis.
Retirement planning is difficult enough without having to contend with misinformation. Unfortunately, much of the advice that is dispensed is either unsubstantiated or betrays a strong vested interest. In The Essential Retirement Guide, Frederick Vettese analyses the most fundamental questions of retirement planning and offers some startling insights. The book finds, for example that: Saving 10 percent a year is not a bad rule of thumb if you could follow it, but there will be times when you cannot do so and it might not even be advisable to try. Most people never spend more than 50 percent of their gross income on themselves before retirement; hence their retirement income target is usually much less than 70 percent. Interest rates will almost certainly stay low for the next 20 years, which will affect how much you need to save. Even in this low-interest environment, you can withdraw 5 percent or more of your retirement savings each year in retirement without running out of money. Your spending in retirement will almost certainly decline at a certain age so you may not need to save quite as much as you think. As people reach the later stages of retirement, they become less capable of managing their finances, even though they grow more confident of their ability to do so! Plan for this before it is too late. Annuities have become very expensive, but they still make sense for a host of reasons. In addition, The Essential Retirement Guide shows how you can estimate your own lifespan and helps you to understand the financial implications of long-term care. Most importantly, it reveals how you can calculate your personal wealth target - the amount of money you will need by the time you retire to live comfortably. The author uses his actuarial expertise to substantiate his findings but does so in a jargon-free way.
What do you know about the future of cryptocurrency? Whether you are a seasoned investor or you are just at the beginning of your crypto journey, Ethan Turer is here to guide you in The Next Gold Rush: The Future of Investing in People. This book takes a look at the past and present of the cryptocurrency market to explore the future possibilities of this exciting technology. Ultimately, Turer seeks to address the idea that individuals are much more than cogs in the machine; each and every person has their own intrinsic value that can’t be expressed through purely financial means. Take a trip with Turer as he approaches these ideas with a fresh and thought provoking mindset! Some of the questions explored in this book are: What does the future of the cryptocurrency space look like? How can we make sure this technology benefits all of humanity and not just a select few? How can one create a crypto based around human value? What lessons can we learn from the past to direct the future of cryptocurrency? Join Ethan Turer as he delves into these questions in a well-researched analysis of how cryptocurrency has and will continue to transform the world as we know it.
Why does nothing make sense? How can there be a “climate emergency” when the climate has not changed noticeably during my lifetime? How can we fight a “War on Drugs” for fifty years and the drug problem gets worse? How can we fight a “War on Terror” for two decades yet there’s more terror than ever? How could there be a worldwide “pandemic” when there were no excess deaths anywhere in 2020? Why is the answer to every problem more power and control for governments yet they never solve the problems? Why is it that the real power doesn’t seem to be in elected governments at all? Every government in the world seems to be taking its marching orders from the World Economic Forum? What the Hell Is Going On? What’s the connection between all these things? Is it all just an accident? These events seem to be planned, but even if they aren’t, it doesn’t matter. Like pregnancy, planned or unplanned, the result is the same. Whether by accident or conspiracy, we are on the road to totalitarian slavery. It’s not hard to understand. But it’s hard to believe. It is unbelievable. You have to see the evidence to believe it. That what this book is about—evidence. Donald Lee pulls together evidence from a dozen disciplines to “connect the dots” on a web of fraud that is leading inexorably to a one-world totalitarian tyranny. That’s the path we’re on. But we can still get on a different path. We’re in World War III. It’s a 5th generation war so it doesn’t even seem like war. At its root it is a spiritual war—and spiritual wars are fought within. “My favorite line from the book is: ‘In this spiritual war, our strategy is love, our tactic is forgiveness, our weapon is non-violent, non-cooperation.’ I couldn’t agree more.” Karen Kan, M.D. In What the Hell Is Going On?, spiritual author Donald Lee takes you on a journey of unfolding enlightenment. He shows you how: To perceive differently so you can perceive what is really going on. The Marxist “Philosophy of Death” has slowly marched through the institutions and culture of the Western world. The tactics of communist subversion have overwhelmed our society and nobody noticed. Mass formation psychosis has blinded people to reality, making them immune to reason and common sense in every fraud. We still have the structure of democracy in the Western world, but all governance is really functioning as a dictatorship—the Policy Hierarchy. The central bank digital currencies about to be unleashed on the world will trap everyone in the iron grip of a greater slavery than the world has ever known—and from which there will be no escape. The time to escape is NOW. It is already late. If we delay much longer, all hope will be lost. YOU must act NOW. To turn back the totalitarianism and bring a new rebirth of freedom. Turning back to democracy means turning back to God, means exposing the lies and uncovering the truth, particularly the truth of who you really are—an eternal child of God, a being of Light and Love. “You will be surprised, maybe horrified, but you won't emerge with the same set of conclusions you went in with.” Christopher A. Shaw, Ph.D. This might be the most important book you read this decade! Buy it now.
