Talbott, John R.

Contagion: The Financial Epidemic That is Sweeping the Global Economy... and How to Protect Yourself from It

Talbott, John R. - Contagion: The Financial Epidemic That is Sweeping the Global Economy... and How to Protect Yourself from It, ebook


Ebook, PDF with Adobe DRM
ISBN: 9780470466919
DRM Restrictions

Printing86 pages with an additional page accrued every 9 hours, capped at 86 pages
Copy to clipboard57 excerpts

Tough times are ahead and Talbott argues that the coming recession will be on a global scale, affecting economies across the world. We have had no real growth in GDP for the last ten years if purchases with government and personal debt are excluded. In effect, government borrowing and spending on the war and healthcare and Social Security and corporate give-aways combined with dramatic increases in personal spending funded by credit card and mortgage debt have funded unsustainable levels of personal and government consumption. The world's banks are threatened with insolvency due to bad mortgage loans and will not be making new loans for any purposes for a very long time. Consumption, by definition, has to decline. Our financial markets worldwide are in chaos with the inability of any financial house or big hedge fund going bankrupt without pulling down the whole $400 trillion derivatives market and the global financial markets at the same time. With this as a backdrop, Talbott offers practical suggestions as to how homeowners and investors can best weather the coming storm with specific advice on where to invest by type of investment and geographic location. Stocks, bonds, TIPS, commodities, real estate, housing and currencies will all be examined.

Keywords: credit card debit, global financial crisis, global recession, investing during a global economic crisis, investing during a global financial crisis, John Talbott, mortgage debt, overcoming troublesome economic times, strategies for tough economic times, strategies for troublesome economic times, surviving tough economic times, troublesome economic times, understanding the global economic crisis, understanding the global financial crisis, weathering an economic downturn, weathering a global economic downturn, weathering a global financial downturn

John Wiley and Sons, Inc.
Publication year
Page amount
288 pages

Similar titles