Endgame: The End of the Debt SuperCycle and How It Changes Everything
Greece isn't the only country drowning in debt. The Debt Supercycle-when the easily managed, decades-long growth of debt results in a massive sovereign debt and credit crisis-is affecting developed countries around the world, including the United States. For these countries, there are only two options, and neither is good-restructure the debt or reduce it through austerity measures. "Endgame" details the Debt Supercycle and the sovereign debt crisis, and shows that, while there are no good choices, the worst choice would be to ignore the deleveraging resulting from the credit crisis. The book: Reveals why the world economy is in for an extended period of sluggish growth, high unemployment, and volatile markets punctuated by persistent recessions Reviews global markets, trends in population, government policies, and currencies
Around the world, countries are faced with difficult choices. "Endgame" provides a framework for making those choices.
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LibraryThing ReviewUser Review - Miro - LibraryThing
John Mauldin publishes an excellent newsletter and runs financial conferences that include the biggest names. The book explores at greater length what they have to say and is a good "state of the art ... Read full review
Review: Endgame: The End of the Debt Supercycle and How It Changes EverythingUser Review - Goodreads
Mauldin & Tepper make a complex subject fairly readable. A shocking realization of how serious the debit situation is for the entire world. Read full review