First published 2008
David Smick has spent over twenty years advising central bankers like Alan Greenspan and Ben Bernanke, top Wall Street figures including George Soros and Michael Steinhardt, and political leaders from Bill Bradley to Jack Kemp. Now he takes readers inside the private offices where global financial decisions are made. Smick argues that the mortgage crisis signals far worse troubles ahead. He examines why China represents the next major bubble, how Japanese housewives control their nation's savings, and why greedy bankers have endangered everyone's retirement funds. He explores how shrinking central banks may lack power to prevent the next crisis and why sovereign wealth funds from Russia, China, Saudi Arabia, and Dubai are shifting financial power away from the United States, Europe, and Japan. Smick calls for new financial thinking to navigate today's dangerous money flows. The book speaks to Wall Street and Washington insiders while showing ordinary readers how to survive economic turbulence.
Genres: business, politics, economics, non-fiction, 21st-century, finance
Vibes: intimate, suspenseful, thought-provoking
Tropes: expert-advice, investigative-journalism
Setting: China, Dubai, Japan, Russia, Saudi Arabia, United States
Period: 21st Century
320 pages · Hardcover · Portfolio