The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis by Tim Lee

The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis by Tim Lee

A first-of-its-kind primer on markets and the economy—providing the knowledge you need to protect yourself from the next financial meltdown. It’s well known that carry trading has been a driving force in financial markets for years. But carry is actually much more than this. In fact, it has become the primary determinant of the global business cycle.  The first book of its kind, The Rise of Carry explains how financial markets work today, how they relate to the overall economy, the increasingly important role of carry in the overall economy—and how it feeds the never-ending cycles of boom to bust and back again.  The Rise of Carry provides critical but often overlooked foundational knowledge, such as: •The active role stock prices play in causing recessions (as opposed to the common belief that recessions cause price crashes)•The true driving force behind financial asset prices•How carry, volatility-selling, leverage, liquidity, and profitability affect the business cycle•How positive returns to carry over time are related to market volatility—and how central bank policies have acted to supercharge these returns  Finally, you’ll gain important insight into how the rise of carry is part of a broader phenomenon that includes growing inequality in wealth and power and, by extension, other adverse political and social developments. While there has been an increasing amount of work in academia on carry trades, this groundbreaking book is a first for investors.

Lee, Jamie: -

Jamie Lee is a stand-up comedian, TV writer and actress, and one of the core cast members on the hit MTV show GirlCode, as well as the host of 10 Things on TruTV and the podcast Best of the Worst. Jamie has appeared on Conan, Chelsea Lately, The Late Late Show with James Corden, Comedy Central's @Midnight, MTV's Ridiculousness, John Oliver's Stand Up Show and was a semi-finalist on Last Comic Standing. She has also written for The Pete Holmes Show, E!, Lifetime, and the new Judd Apatow show on HBO, Crashing. She currently lives in Los Angeles with her husband and a labradoodle named Dennis.

SKU	Unavailable
ISBN 13	9781260458404
ISBN 10	1260458407
Title	The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis
Author	Tim Lee
Condition	Unavailable
Binding Type	Paperback
Publisher	McGraw-Hill Education
Year published	2020-01-18
Number of pages	240
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable