First published 2024
Lawrence McDonald witnessed the collapse of Lehman Brothers from inside as a vice president who saw the warning signs everyone else ignored. That experience taught him to read market signals that others miss. McDonald argues that decades of easy money policies have created conditions for massive economic upheaval. He predicts sustained inflation will replace the era of cheap credit, triggering sovereign debt crises and a multitrillion dollar shift in global wealth. Most investors remain unprepared for this transition. McDonald presents twenty-one economic indicators he developed to spot danger and opportunity early. He explains why commodities will enter a new bull market driven by energy infrastructure gaps and geopolitical alliances between Russia and Saudi Arabia. The dollar will weaken as the world's primary reserve currency. Hard assets and value stocks will outperform growth investments and Treasury bonds. Rather than simply predicting doom, McDonald provides specific investment strategies for navigating the turbulent period ahead.
Genres: business, economics, non-fiction, finance
Vibes: intimate, suspenseful, thought-provoking
Tropes: investment-strategies, prediction
272 pages · Hardcover · Crown Currency