| Description |
1 online resource (xxii, 231 pages) : illustrations |
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text file |
| Bibliography |
Includes bibliographical references (pages 201-221) and index. |
| Contents |
The fearful rise of markets -- Investment becomes an industry -- Indexes and efficient markets -- Money markets supplant banks -- From gold standard to oil standard -- Emerging markets -- Junk bonds -- The carry trade -- Foreign exchange -- Irrational exuberance -- Banks too big to fail -- Hedge funds -- Dot coms and cheap money -- BRICs -- Commodities -- Credit -- Ending the great moderation -- Quant funds -- Trust -- Bank runs -- Bastille Day : reflexive markets -- Lessons from Lehman -- Politics and institutions -- The paradox of diversification -- Decoupling -- Banks bounce -- A new bubble? -- Conclusion : 2010 and after. |
| Summary |
Are we barreling toward another massive global financial catastrophe? How can so many bubbles form all at once? Why are so many "disconnected" markets now capable of collapsing in unison? In this remarkably readable book, award-winning Financial Times columnist John Authers takes on these critical questions and offers deeply sobering answers. Authers reveals how the first truly global super bubble was inflated--and might now be inflating again. He illuminates the multiple roots of repeated financial crises: a massive shift in investing power from individuals to big institutions; the migration of key decisions from banks to capital markets; the wholesale financialization of many asset classes; and fundamental failures of both theory and policy. The Fearful Rise of Markets presents a truly global view, avoiding oversimplifications and ideology as it outlines how we got here and where we stand. Even more valuable, it offers realistic solutions--for decision-makers who want to prevent disaster and investors who want to survive it. The herd grows ever larger--and more dangerous. How institutional investing, indexing, and efficient markets theory promote herding. Cheap money and irrational exuberance. Super fuel for super bubbles. Too big to fail: the whole story of moral hazard Banks, hedge funds, and beyond. Danger signs of the next bubble Forex, equity, credit, and commodity markets move once more in alignment. |
| Language |
English. |
| Subject |
International economic integration.
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Globalization -- Economic aspects.
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Financial crises.
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Economic stabilization.
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Mondialisation. |
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Intégration économique internationale. |
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Stabilisation économique. |
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globalism. |
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Economic stabilization |
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Financial crises |
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Globalization -- Economic aspects |
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International economic integration |
| Other Form: |
Print version: Authers, John, 1966- Fearful rise of markets. Upper Saddle River, N.J. : FT Press, ©2010 9780137072996 (DLC) 2010001943 (OCoLC)496950395 |
| ISBN |
9780131388147 (electronic bk.) |
|
0131388142 (electronic bk.) |
|
8131744132 |
|
9788131744130 |
|
9786612552410 |
|
6612552417 |
|
1282552414 |
|
9781282552418 |
|
0131388134 |
|
9780131388130 |
| Standard No. |
9786612664113 |
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