Whether Trump or Biden (or someone else) wins, the Future is already programmed for the next decade. In his Foreword, Niall Ferguson summarizes Larry McDonald’s prophesies: “a new era of persistent inflation, an escalation in global conflict, a multipolar world teaming up against the United States, the horror of a weakening dollar, a series of sovereign debt crises, and a thundering of capital out of fiscal assets into hard assets, not to mention catastrophic shortages of natural resources.” (p. xiii)
Sure, scary finance books are a dime a dozen, but McDonald’s book provides examples and statistics to back up his positions. McDonald has a long history in financial markets. He was a Lehman Brothers VP when the firm ignored warning signs and collapsed. Since then, McDonald founded the economic research platform,The Bear Traps Report, that tracks all this alarming economic activity.
Inflation is back. The world will soon be facing catastrophic shortages in natural resources. The U.S. dollar will lose its status as the world’s reserve currency as China, Saudi Arabia and Russia lead a move away from the American-led financial system. And rising government deficits are increasing the risk of a U.S. default especially if Trump and his MAGA are in control. Things look bleak! How to Listen When Markets Speak: RISKS, MYTHS, AND INVESTMENT OPPORTUNITIES IN A RADICALLY RESHAPED ECONOMY provides a roadmap to the monetary disasters ahead so you can prepare for the worst! GRADE: A
TABLE OF CONTENTS:
Author’s Note — xi
Foreword by Niall Ferguson — xiii
Introduction — xvii
- The End of an Era — 3
- America Crosses the Rubicon — 22
- The Dazzling Obamas–and the Dying of the Light — 43
- The New Washington Consensus — 59
- Fossil Fuels Paving the Way to the Green Meadow — 84
- The Dark Side of Passive Investing — 117
- The Psychology of Bubbles and the Mania of Crypto — 140
- The Decline of the U.S. Dollar — 166
- Cold, Hard Assets–the Portfolio for the Next Decade — 197
Acknowledgements — 227
Notes — 231
Index — 235
I’ve said it before and I’ll say it again: I’m glad I’m old.
Deb, Lawrence G. McDonald presents the economic facts for the next 10 years…and the prospects are grim. Inflation, wars, climate disasters, and macroeconomic upheaval. I feel sorry for my kids (and yours) who will have to deal with the most dire aspects of these problems in the years ahead.
What Deb said (and we are way older). Pass.
*fingers in ears*
La lalalalalalalalalalalalala
Jeff, forewarned is forearmed. The impacts of all the problems we face in the decade ahead can be mitigated by making Smart Decisions now.
Well, no amount of investment advice will help if you’re living hand to mouth like most people. The rich get richer by gaming the system so that no one else will get ahead.
Fred, I blame a lot of the “living hand-to-mouth” problem on our terrible Education system. Many of my students showed up in my classrooms knowing nothing about how the Economy works, no idea of how to invest in the Stock Market, no clue about saving money for a Rainy Day. Too many American families operate on economic thin-ice. The Rich get their political minions to “fix” the Tax Code and provide safe investments to preserve their generational Wealth.
Doesn’t bother me a bit, as I lay cowering in bed with the covers pulled firmly up over my head.
Jerry, fear is healthy. Fortunately, there are money moves that can be made to protect your financial assets. Lawrence G. McDonald lays it all out.
Ah, buncombe! Doom and gloom prophets pop up everywhere and yet we’re still here!
Bob, but if you read Lawrence G. McDonald you’ll be ready for the rough ride ahead!
Yikes. Wouldn’t be surprised by any of this, if not even worse, with all the fascists running wild.
Todd, the English managed to turn back the Conservative Party after 14 years in power. But the Right is on the rise in Europe.
Yes, we are in a difficult situation in Europe – but not all is lost!
The Poles also got rid of their extreme conservative regimen last year and right now a clear majority of the French voted against their fascists, sorry right wingers.
And here in Hungary we’re also seeing some resistance against the far right which btw reminds me very much of the US Repugs like de Santis.
In Germany we have the usual 10 to 15% of extreme right – interestingly enough the percentage is much higher in the former “communist” East, in my hometown with its university they are below 5%.
Wolf, the rise of the Right in many countries is worrisome…