The World Is Curved: Hidden Dangers to the Global Economy

By David M Smick
David Smick keeps a low profile, but experts consider him one of the most insightful financial market strategists in the world. For more than two decades, he has conferred with central bankers (such as Alan Greenspan and Ben Bernanke) and advised top Wall Street executives and investors, from George Soros to Michael Steinhardt to Stan Druckenmiller. Political leaders (from Bill Bradley to Jack Kemp) have regularly sought his policy advice.
"The World Is Curved" picks up where Thomas Friedman's "The World Is Flat" left off, taking readers on an insider's tour through the private offices of central bankers, finance ministers, even prime ministers. Smick reveals how today's risky environment came to be--and why the mortgage mess is a symptom of potentially far more devastating trouble. He wrestles with the two questions on everyone's mind: How bad could things really get in today's volatile economy? And what can we do about it?
Drawing on riveting anecdotes in language anyone can understand, Smick explains:
Why the churning cauldron we call China (the next great bubble to burst) represents a powerful threat to everyone's pocketbookHow Japanese housewives have taken control of their nation's savings, and why it matters to usHow greed-driven bankers and investment bankers have put everyone's pensions and 401(k)s at riskWhy today's "incredible shrinking central banks" may not be able to save us when the next crisis hitsWhy the big-money Russian, Chinese, Saudi, and Dubai sovereign wealth funds represent a tectonic shift in global financial power, away from the United States, Europe, and JapanWhy the world desperately needs a "big think" financial doctrine to guide today's dangerous ocean of money"The World Is Curved" is the rare book that speaks simultaneously to the Wall Street, Washington, and London elite, yet its apt storytelling shows Main Street readers how to survive in these turbulent times.


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We've been working very hard on producing In the Books, our annual review of business books, for many months now. Like the year itself, it wasn't an easy project, but it is always a labor of love and one we're extremely proud of. We've mentioned many times over the year that the downturn in the economy has hit us as it did everyone else out there, and along with focusing on the many books that address—and offer solutions to—the challenges we all face, it is something we go into a bit more personally in this year's annual. Read more




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ISBN: 9781591842903

About the Paperback

Publisher Portfolio
Publish date 09/14/2015
Pages 322
ISBN-13 9781591842903
ISBN-10 1591842905
Language English

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