The Only Game in Town

Central Banks, Instability, and Avoiding the Next Collapse

Author: Mohamed A. El-Erian

Publisher: Random House

ISBN: 0812997638

Category: Business & Economics

Page: 336

View: 7301

DOWNLOAD NOW »

NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide • With a new introduction by the author Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder. In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future. Praise for The Only Game in Town “The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”–Time “A grand tour of the challenges we face, along with ideal solutions and more likely outcomes . . . We desperately need a system in which the central banks are no longer the only game in town.”—Steven Rattner, The New York Times Book Review “A must-read from one of the most astute financial analysts of our time.”—Walter Isaacson, author of Steve Jobs “El-Erian’s gift for clarity and his use of compelling examples make important economic issues accessible.”—Anne-Marie Slaughter, president and CEO, New America “[A] highly intelligent analysis.”—Fareed Zakaria, CNN (book of the week)
Release

Review and Analysis of

Mohamed A. El-erian the Only Game in Town; Central Banks, Instability, and Avoiding the Next Collapse

Author: Summary Shorts

Publisher: Createspace Independent Publishing Platform

ISBN: 9781976503597

Category:

Page: 28

View: 3059

DOWNLOAD NOW »

Most would agree that the great recession of 2008 was unprecedented. Although it wasn't quite like the depression of 1929, it was worse in other ways. It took most government politicians and central banks off guard and so they had to scramble to find a solution to the underlying causes. They took the onus completely on themselves to solve the issue. They have effectively become the only game in town when it comes to growing the economy. Mohamed A. El-Erian, in his wonderful book "The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse" He goes into some depth as to how the central banks tried to stave off complete collapse and what we can be done to avoid the next collapse. In this Review, we will analyze, discuss and summaries the key points in "The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse" Enjoy!
Release

Summary of The Only Game in Town

By Mohamed A. El-Erian | Includes Analysis

Author: Instaread Summaries

Publisher: Idreambooks

ISBN: 9781945272462

Category: Business & Economics

Page: 32

View: 7356

DOWNLOAD NOW »

Summary of The Only Game in Town by Mohamed A. El Erian | Includes AnalysisPreview:Mohamed A. El-Erian's The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse is a discussion of the role of central banks in confronting the current financial and economic dangers facing the world. Following the financial collapse of 2008, central banks pursued aggressive and innovative policies in an effort to stabilize the world economy. Policy makers have failed to enact the measures necessary to ensure growth, and so central banks have had to continue to innovate and stabilize. In the long term, however, central banks cannot sustain growth on their own. If governments do not take steps to create growth and regulate financial markets, there will be another financial crisis...PLEASE NOTE: This is summary and analysis of the book and NOT the original book.Inside this Instaread Summary of The Only Game in Town:Overview of the bookImportant PeopleKey TakeawaysAnalysis of Key TakeawaysAbout the AuthorWith Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Release

The Only Game in Town

by Mohamed A. El Erian | Summary of Analysis

Author: Instaread

Publisher: Instaread

ISBN: 1945048395

Category: Business & Economics

Page: 35

View: 5735

DOWNLOAD NOW »

The Only Game in Town by Mohamed A. El Erian | Summary & Analysis Preview: Mohamed A. El-Erian’s The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse is a discussion of the role of central banks in confronting the current financial and economic dangers facing the world. Following the financial collapse of 2008, central banks pursued aggressive and innovative policies in an effort to stabilize the world economy. Policy makers have failed to enact the measures necessary to ensure growth, and so central banks have had to continue to innovate and stabilize. In the long term, however, central banks cannot sustain growth on their own. If governments do not take steps to create growth and regulate financial markets, there will be another financial crisis... PLEASE NOTE: This is summary and analysis of the book and NOT the original book. Inside this Instaread Summary of The Only Game in Town: Overview of the book Important People Key Takeaways Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways, summary and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
Release

Missing the Tide

Global Governments in Retreat

Author: Donald J. Johnston

Publisher: McGill-Queen's Press - MQUP

ISBN: 0773549730

Category: Political Science

Page: N.A

View: 5833

DOWNLOAD NOW »

The 1990s were a decade characterized by optimism about a great future that lay ahead for generations to follow. Major challenges were approached with a realization that the world leadership had the capacity not only to meet them, but to turn them into unprecedented opportunities for global social and economic progress. In Missing the Tide, Donald Johnston demonstrates that none of these opportunities achieved their objectives, and in some cases failed completely. Scrutinizing some of the most significant unfulfilled hopes, he looks at the failure of the West to engage effectively with a democratic Russia after the fall of the Berlin Wall, the European Union’s fractious path to intending to become history’s largest and most competitive economy, the expansion of the Marshall Plan concept to regions fractured by division and conflict, the diminishing prospect of global free trade and investment to stimulate economic growth and increase prosperity in the developing world, the absence of coordinated international actions to combat climate change, the pervasive corruption in corporate governance undermining healthy capitalism, and the growing threats to democracy. Sifting through the economic, social, and environmental wreckage of the past twenty years, Johnston reflects on the failures and frustrations of international public policy. Can this rapid decline be arrested and reversed? In assessing the impotency of the international community to meet these challenges, Missing the Tide extracts some lessons to be learned and looks with cautious optimism to the future.
Release

When Markets Collide, Chapter 6 - Benefiting from Global Economic and Financial Change: An Action Plan for Investors

Author: Mohamed El-Erian

Publisher: McGraw Hill Professional

ISBN: 0071716130

Category: Business & Economics

Page: 45

View: 3065

DOWNLOAD NOW »

This chapter comes from the #1 New York Times and #1 Wall Street Journal bestseller When Markets Collide, in which Mohamed A. El-Erian--the man who Fortune magazine refers to as a "Global Guru"-- offers a cogent picture of the rapidly changing world financial system. A book that is sure to become an overnight investment classic, it gets you up to speed on the new economic and investing landscape and provides a detailed blueprint for capitalizing on the phenomenal opportunities now available in that new investment landscape, while minimizing the new and challenging set of risks.
Release

When Markets Collide, Chapter 2 - How Traditional Resources Failed Us

Author: Mohamed El-Erian

Publisher: McGraw Hill Professional

ISBN: 0071716092

Category: Business & Economics

Page: 27

View: 9600

DOWNLOAD NOW »

This chapter comes from the #1 New York Times and #1 Wall Street Journal bestseller When Markets Collide, in which Mohamed A. El-Erian--the man who Fortune magazine refers to as a "Global Guru"-- offers a cogent picture of the rapidly changing world financial system. A book that is sure to become an overnight investment classic, it gets you up to speed on the new economic and investing landscape and provides a detailed blueprint for capitalizing on the phenomenal opportunities now available in that new investment landscape, while minimizing the new and challenging set of risks.
Release

When Markets Collide, Chapter 4 - Understanding the New Destination

Author: Mohamed El-Erian

Publisher: McGraw Hill Professional

ISBN: 0071716114

Category: Business & Economics

Page: 54

View: 7294

DOWNLOAD NOW »

This chapter comes from the #1 New York Times and #1 Wall Street Journal bestseller When Markets Collide, in which Mohamed A. El-Erian--the man who Fortune magazine refers to as a "Global Guru"-- offers a cogent picture of the rapidly changing world financial system. A book that is sure to become an overnight investment classic, it gets you up to speed on the new economic and investing landscape and provides a detailed blueprint for capitalizing on the phenomenal opportunities now available in that new investment landscape, while minimizing the new and challenging set of risks.
Release

When Markets Collide, Conclusion

Author: Mohamed El-Erian

Publisher: McGraw Hill Professional

ISBN: 0071716165

Category: Business & Economics

Page: 13

View: 9089

DOWNLOAD NOW »

This chapter comes from the #1 New York Times and #1 Wall Street Journal bestseller When Markets Collide, in which Mohamed A. El-Erian--the man who Fortune magazine refers to as a "Global Guru"-- offers a cogent picture of the rapidly changing world financial system. A book that is sure to become an overnight investment classic, it gets you up to speed on the new economic and investing landscape and provides a detailed blueprint for capitalizing on the phenomenal opportunities now available in that new investment landscape, while minimizing the new and challenging set of risks.
Release

When Markets Collide, Chapter 5 - Prospects for the Journey

Author: Mohamed El-Erian

Publisher: McGraw Hill Professional

ISBN: 0071716122

Category: Business & Economics

Page: 45

View: 1325

DOWNLOAD NOW »

This chapter comes from the #1 New York Times and #1 Wall Street Journal bestseller When Markets Collide, in which Mohamed A. El-Erian--the man who Fortune magazine refers to as a "Global Guru"-- offers a cogent picture of the rapidly changing world financial system. A book that is sure to become an overnight investment classic, it gets you up to speed on the new economic and investing landscape and provides a detailed blueprint for capitalizing on the phenomenal opportunities now available in that new investment landscape, while minimizing the new and challenging set of risks.
Release