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 Friedmanβs The World Is Flat left off, taking readers on an insiderβs tour through the private offices of central bankers, finance ministers, even prime ministers. Smick reveals how todayβs risky environment came to beβand why the mortgage mess is a symptom of potentially far more devastating trouble. He wrestles with the two questions on everyoneβs mind: How bad could things really get in todayβs volatile economy? And what can we do about it?
Drawing on riveting anecdotes in language anyone can understand, Smick explains:
β’ Why the churning cauldron we call China (the next great bubble to burst) represents a powerful threat to everyoneβs pocketbook β’ How Japanese housewives have taken control of their nationβs savings, and why it matters to us β’ How greed-driven bankers and investment bankers have put everyoneβs pensions and 401(k)s at risk β’ Why todayβs βincredible shrinking central banksβ may not be able to save us when the next crisis hits β’ 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 β’ Why the world desperately needs a βbig thinkβ financial doctrine to guide todayβs 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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