{"product_id":"the-rise-of-carry-the-dangerous-consequences-of-volatility-suppression-and-the-new-financial-order-of-decaying-growth-and-recurring-crisis-hardcover","title":"The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis - Hardcover","description":"\u003cp\u003eby \u003cb\u003eTim Lee\u003c\/b\u003e (Author), \u003cb\u003eJamie Lee\u003c\/b\u003e (Author), \u003cb\u003eKevin Coldiron\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eProtect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy--and the meteoric rise of carry.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThe financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy--until now. \u003cp\u003e\u003c\/p\u003eA groundbreaking book sure to leave its mark in the canon of investing literature, \u003ci\u003eThe Rise of Carry\u003c\/i\u003e explains how carry trading has virtually shaped the global economic picture--one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work--particularly in the currency and stock markets--and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including: \u003cp\u003e\u003c\/p\u003e- The active role stock prices play in causing recessions--as opposed to the common belief that recessions cause price crashes\u003cbr\u003e- The real driving force behind financial asset prices\u003cbr\u003e- The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle\u003cbr\u003e- How positive returns to carry over time are related to market volatility--and how central bank policies have supercharged these returns \u003cp\u003e\u003c\/p\u003eSimply put, carry trading is now the primary determinant of the global business cycle--a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eRise of Carry\u003c\/i\u003e provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals--as well as the next major crisis. \u003cp\u003e\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eTim Lee \u003c\/b\u003eis the founder of the independent economics consultancy pi Economics, serving financial institutions from hedge funds to traditional asset managers. Previously he worked for global asset managers including GT Management and Invesco in Hong Kong and London. He is the author of the highly regarded Economics for Professional Investors (2nd edition, 1998) and his commentaries and analysis have been widely quoted in the media. Tim was educated at Magdalene College, Cambridge University.\u003cbr\u003e\u003cb\u003e\u003cbr\u003e\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eJamie Lee \u003c\/b\u003eworks for investment guru and philanthropist Jeremy Grantham, focusing on environmental research and volatility trading. He previously worked as economist and analyst for asset management companies in Boston and London. Jamie holds a B.A. in Mathematics and English from Dartmouth College.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eKevin Coldiron \u003c\/b\u003eteaches the Masters in Financial Engineering course at Berkeley (Haas Business School), having previously had a very successful career in asset management with Barclays Global Investors and the hedge fund Algert Coldiron, which he co-founded.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 240\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.1 x 9.1 x 6.3 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e December 17, 2019\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51772555952416,"sku":"9781260458404","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/add8aed6440a08daf6a7a63d74077356.webp?v=1780408403","url":"https:\/\/ebocreations.com\/products\/the-rise-of-carry-the-dangerous-consequences-of-volatility-suppression-and-the-new-financial-order-of-decaying-growth-and-recurring-crisis-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}