{"product_id":"9781260458404","title":"The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis","description":"\u003cb\u003eAuthor(s): Lee, Tim, Lee, Jamie, Coldiron, Kevin\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cdiv\u003e\u003cb\u003eA first-of-its-kind primer on markets and the economy—providing the knowledge you need to protect yourself from the next financial meltdown.\u003c\/b\u003e\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003eIt’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. \u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003eThe first book of its kind, The \u003ci\u003eRise of Carry\u003c\/i\u003e 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. \u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003eThe \u003ci\u003eRise of Carry\u003c\/i\u003e provides critical but often overlooked foundational knowledge, such as:\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003e•\u003cspan style=\"white-space:pre\"\u003e\u003c\/span\u003eThe active role stock prices play in causing recessions (as opposed to the common belief that recessions cause price \u003cspan style=\"white-space:pre\"\u003e\u003c\/span\u003ecrashes)\u003c\/div\u003e\u003cdiv\u003e•\u003cspan style=\"white-space:pre\"\u003e\u003c\/span\u003eThe true driving force behind financial asset prices\u003c\/div\u003e\u003cdiv\u003e•\u003cspan style=\"white-space:pre\"\u003e\u003c\/span\u003eHow carry, volatility-selling, leverage, liquidity, and profitability affect the business cycle\u003c\/div\u003e\u003cdiv\u003e•\u003cspan style=\"white-space:pre\"\u003e\u003c\/span\u003eHow positive returns to carry over time are related to market volatility—and how central bank policies have acted to \u003cspan style=\"white-space:pre\"\u003e\u003c\/span\u003esupercharge these returns \u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\u003cdiv\u003eFinally, you’ll gain important insight into how the rise of carry is part of a broader phenomenon that includes growing inequality in wealth and power and, by extension, other adverse political and social developments. While there has been an increasing amount of work in academia on carry trades, this groundbreaking book is a first for investors.\u003c\/div\u003e\u003cdiv\u003e\u003cbr\u003e\u003c\/div\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9781260458404\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 240\u003cbr\u003e\u003cbr\u003eWeight: 446.8 gr\u003cbr\u003e\u003cbr\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845963186414,"sku":"9781260458404","price":49.72,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/9781260458404_154a07cd-f9b8-4e82-8952-169355f07a79.jpg?v=1671249348","url":"https:\/\/bookland.com.au\/products\/9781260458404","provider":"Book Land AU","version":"1.0","type":"link"}