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New Monetarism |  | Authors: David Roche, Bob McKee
Publisher: Lulu Enterprises, UK Ltd
List Price: $10.50
Buy New: $7.47
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Rating:  6 reviews
Sales Rank: 618901
Media: Paperback
Pages: 96
Number Of Items: 1
Shipping Weight (lbs): 0.2
Dimensions (in): 8.9 x 5.9 x 0.4
ISBN: 1435700880
Dewey Decimal Number: 650
EAN: 9781435700888
ASIN: 1435700880
Publication Date: October 26, 2007
Availability: Usually ships in 1-2 business days
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Product Description
How new forms of financial liquidity are creating unsustainable asset price bubbles that eventually could burst with dire consequences for investors in stocks and bonds around the world.
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| Customer Reviews:
Showing reviews 1-5 of 6
Money Matters March 7, 2009
Steve Hunton (Flagstaff, AZ)
This little book provides an excellent quick education into our current financial dilemma . It should be read first and followed by "When Markets Collide" by El-Erian. This one-two combination will make you the most knowledgeable economist in your social circle.
A "Must Read"
New Monetarism December 19, 2008
Timothy J. Reynolds (Houston)
0 out of 2 found this review helpful
This is an interesting book and certainly different from the standard interpretation of monetary policy.
NOW I get it! November 30, 2008
Dr. J. W. Budzynski (Indianapolis, IN United States)
1 out of 1 found this review helpful
If you are like most Americans you have been inundated in recent months with TARP, CDOs, RMBS, SIVs and an amazing alphabet soup of financial engineering products and their subsequent government rescue programs. It can all be quite confusing and difficult to understand. Over this weekend I think I finally figured it out with the help of this excellent book.
This book cleanly lays outs in ~100 pages how much of the "growth" over the past 20 years in our global (and particularly US) economy has been disproportionately an asset bubble driven by a tide of liquidity. This massive dose of liquidity was itself driven by the decline of inflation, greedy banks, investors, hedge funds, and homeowners, private equity leverage, "creative" new financial products, incompetent regulators, Japanese deflation fighting, and globalization itself. I never would have believed a small book like this could tie all this together.
That said, I think people with a rudimentary but not detailed knowledge of economics and finance will benefit most from this book, as it covers a lot of ground pretty fast and if you are total neophyte in financial matters you will be drinking from a fire hose. (Hint: If you have never heard the term "off balance sheet liability" this might not be the book for you.)
I only wish his next-to-last chapter had been written more recently because while his predictions have been largely accurate the amount of write-downs from this disaster appears likely to far exceed even his most dire estimates. This makes his prediction of a very long, very painful US deleveraging even more believable. I also really appreciated his outline of where the winners and losers will be going forward from both an asset class and a geographic standpoint since at the end of the day we all want to know what to do NOW.
Very well worth the time!
Brilliant March 10, 2008
B. Coulter (Detroit)
4 out of 4 found this review helpful
This is one of the best books I've read explaining the current financial crisis and the risks to our financial system. Other books gloss over the nuts and bolts of the financial workings in the economy, this book spells it out in detail and walks the reader to a greater understanding of the issues.
Documents what I have long believed December 30, 2007
Johnny & Riza (Lafayette. Colorado)
5 out of 7 found this review helpful
I purchased this based on a WSJ Editorial Roche wrote a few weeks ago. It made a lot of sense to me and I wanted to read more. Though it's a short book, it speaks to something I have long believed: the existence of "disinflation" and the creation of money supra-central-banks. Though a quick read, it is well documented
At the risk of taking all their cheery predictions without the bad, but I think that they discount the fundamental point of derivatives, namely, getting risk into the hands of those that can best accept it. Roche and McKee advise (and let me be clear, this book is positioned more toward investment advice than economics) you to go long volatility. I wonder if they are ignoring the effect of instruments that would allow you to do so.
Showing reviews 1-5 of 6
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