From the Back Cover
That’s where we are. In the United States and worldwide, debt-fueled spending programs devised to cure the global financial crisis have morphed into poison. Exhausted national balance sheets have left policy makers with few viable options to bolster economic growth, pointing leaders and citizens toward brutal choices that were previously unimaginable.
In Beyond the Keynesian Endpoint , PIMCO Executive Vice President, portfolio manager, and market strategist Tony Crescenzi illuminates the frightening new world we now inhabit. Crescenzi dissects each scenario swirling around the mounting global debt crisis and reveals its profound implications for governments, investors, and the global economy.
Surviving the world’s greatest hangover
Welcome to the morning after America’s 30-year consumption binge
The dangerous use of fiscal illusions by politicians
How politicians hoodwinked the public and ballooned our debts
The investment implications of the Keynesian Endpoint
How to keep your portfolio afloat while other investors flounder
From endpoint to new beginning
How the Endpoint is leading to the transformation of a century
About the Author
Tony Crescenzi is Executive Vice President, Market Strategist, and Portfolio Manager for PIMCO, a leading global investment management firm. He was previously Chief Bond Market Strategist at Miller Tabak, where he worked for 23 years.
Crescenzi appears regularly on CNBC and Bloomberg, has guest-hosted Squawk Box, and has taught at Baruch College’s executive MBA program for 10 years. He has 28 years of investment experience and holds an MBA from St. John’s University and an undergraduate degree from the City University of New York.
His books include Investing from the Top Down, the recent Fourth Edition of Marcia Stigum’s 1,200-page classic The Money Market, and The Strategic Bond Investor, Second Edition.