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Hidden Dangers To The Global Economy
Portfolio Hardcover
September 2008
On Sale: September 4, 2008
272 pages ISBN: 1591842182 EAN: 9781591842187 Hardcover
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Non-Fiction
David Smick keeps a low profile, but experts consider
him one of the most insightful financial market strategists
in the world. For more than two decades, he has conferred
with central bankers (such as Alan Greenspan and Ben
Bernanke) and advised top Wall Street executives and
investors, from George Soros to Michael Steinhardt to Stan
Druckenmiller. Political leaders (from Bill Bradley to Jack
Kemp) have regularly sought his policy advice.
The World Is Curved picks up where Thomas Friedman’s
The World Is Flat left off, taking readers on an
insider’s tour through the private offices of central
bankers, finance ministers, even prime ministers. Smick
reveals how today’s risky environment came to be—and why the
mortgage mess is a symptom of potentially far more
devastating trouble. He wrestles with the two questions on
everyone’s mind: How bad could things really get in today’s
volatile economy? And what can we do about it?
Drawing on riveting anecdotes in language anyone can
understand, Smick explains:
• Why the churning
cauldron we call China (the next great bubble to burst)
represents a powerful threat to everyone’s pocketbook •
How Japanese housewives have taken control of their nation’s
savings, and why it matters to us • How greed-driven
bankers and investment bankers have put everyone’s pensions
and 401(k)s at risk • Why today’s “incredible shrinking
central banks” may not be able to save us when the next
crisis hits • Why the big-money Russian, Chinese, Saudi,
and Dubai sovereign wealth funds represent a tectonic shift
in global financial power, away from the United States,
Europe, and Japan • Why the world desperately needs a
“big think” financial doctrine to guide today’s dangerous
ocean of money
The World Is Curved is the
rare book that speaks simultaneously to the Wall Street,
Washington, and London elite, yet its apt storytelling shows
Main Street readers how to survive in these turbulent times.
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