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In a World of Debt and Bubbles, Learn Important Lessons to Navigate These Turbulent Times
“Dickson and Shenkar do a masterful job of wrapping context around the current crisis and mapping the territory ahead. But where others are satisfied to merely describe, the authors provide a clear strategic context for investors seeking long-term opportunities amidst today’s uncertainty and confusion. The Great Deleveraging is a compelling, insightful read that at once informs and guides the reader through the financial turbulence that has become the new normal.”
--Paul Saffo, Managing Director, Foresight, DISCERN, and Distinguished Visiting Scholar, Stanford Media-X Research Network
“In The Great Deleveraging , Chip Dickson and Oded Shenkar place the bewildering events of recent years into historical context and map out the changes they see for the investment landscape of the future.”
--Warren Hatch, PhD, CFA, Catalpa Capital Advisors
“This invaluable one-of-a-kind book tackles the number-one economic issue of the early 21st century (excessive systemic financial leverage) and even provides a framework for investment success. Capital market students and investors alike will greatly benefit from a close study of the details, methods, and analyses incorporated in this timely treatise at such a critical junction in financial market history.”
--Jack Malvey, CFA, Global Capital Markets Consultant, Former Chief Global Fixed-Income Strategist, Lehman Brothers
“ The Great Deleveraging is packed with important financial clues and warning signals from a well-respected pro and a leading academic, to help you recognize the signs of a future financial calamity.”
--A. Michael Lipper, CFA, President, Lipper Advisory Services, Inc.
In the past decade, the United States experienced two periods of excessive growth followed by two massive financial collapses: the technology and housing bubbles. Both were caused by illusions of growth and wealth creation: Much of the foundation was not real. As an investor, how can you distinguish between “fake” growth and the real thing? What disciplines help you find solid returns and provide warning signs about bubbles?
Former Wall Street analyst, strategist, and Associate Director of Equity Research Chip Dickson and leading global business scholar Oded Shenkar first identify the policies and characteristics of societies most likely to generate real economic growth and investor wealth. Next, they outline specific lessons learned about bubbles and growth from nearly a century of investment returns. Finally, they identify global markets and sectors that appear well poised for sustainable growth.
In the wake of massive debt creation, history’s greatest deleveraging is now underway. For many investors, the next decade will be brutal. This book’s messages are designed to help achieve real profits and create real wealth. They are meant to help you navigate a challenging environment--and, hopefully, thrive.
There is no doubt that asset bubbles create a false sense of wealth and prosperity. It is much like individuals who use credit cards to live beyond their means. Read morePublished on July 19, 2012 by Judah Levi
I enjoyed reading the retroactive historical view of the US economy and its stock market cycles, but hoped that the book would venture into hypothetical future scenarios with... Read morePublished on July 2, 2012 by Lillian M. Matthews
I am not sure what was the intention of this book. I thought I was going to learn about the debt problem of the country and how it could fall apart and strategies to prepare for... Read morePublished on January 31, 2012 by Mathew A. Shember
It is a very informative resource on the state of economy, the various factors which are affecting it currently and also those which are likely to affect in near future. Read morePublished on November 22, 2011 by Kanishk Rastogi
"Capital preservation should be goal number one" is the final line in The Great Deleveraging by Chip Dickson and Oded Shenkar. Read morePublished on February 17, 2011 by John Forman
This book is mainly trying to inform you on a macro level by putting the current crisis into historical context and charting the territory ahead. Read morePublished on December 26, 2010 by Maria Poole
This book has no thesis and makes no useful predictions. The organization seems random. We get an introduction to the danger of letting the government squeeze out private sector... Read morePublished on December 14, 2010 by Neurasthenic
This is the latest in a series of books attempting to place the recent financial crises into context and to provide a glimpse of the possible future of the world economy. Read morePublished on September 27, 2010 by Befragt
As with Sergeant Friday, the authors search for the facts, present them and interpret them. That makes this book a useful compendium -- and a useful primer -- for any investor. Read morePublished on September 2, 2010 by C. Schwartz