Will the Euro survive? Where is the European financial crisis headed? What will it mean for global and US markets? In this short book, internationally respectedFinancial Timesjournalist John Authers illuminates today's European financial crisis and the massive forces increasingly buffeting world and US economies. Authers explains why a strong recovery remains far away, why the risk of a disastrous ""final"" crisis remains terrifyingly real, and how investors can best navigate today's brutally challenging markets.The European Financial Crisisreveals why the 2010/2011 market rallies were so fearful, and why their underlying assumptions -- continued Chinese growth, bailouts, progress towards bank solvency, more easy ""Fed"" money -- have proven so tenuous. Above all, Authers shows how the Eurozone crisis uncovers today's worst unaddressed risk: the markets' loss of confidence in governments. This brief discussion offersinsights into underlying flaws in the banking system and the Eurozone's structure that remain unaddressed; how cheap money and bailouts have bought time that is rapidly running out; and the increasingly frightening signs of ""perverse synchronization"": forex, equity, credit, and commodity markets massively moving in tandem.
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November 16, 2012
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