The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and R
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…
Specifikacia The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and R
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