Tuesday, 29 July 2014
Endgame: The End of the Debt Supercycle and How It Changes Everything (John Mauldin and Jonathan Tepper)
Endgame is written by Mauldin and Tepper, both financial writers who are involved in the markets. This book is their analysis and commentary of the global market situation as of 2011 and of the outlook from thence.
Although published in 2011, I find the analysis insightful of the situation leading up to the crash and post the Great Financial Crisis as well, which could provide a good background for readers who are keen to understand the current market situation (as of 2014, time of writing of this review). The book does not cover so much of the actual events leading up to the crash and of the crash itself, but there is good explanation of the various policies and scenarios post-crash for different parts of the world, both east and west. The book draws heavily from other research material, but it does not feel too numbers-heavy and the explanations are simple even for beginners. An economic background is not necessary, although it may help in certain parts. The authors have also covered concepts of deflation, inflation, and hyperinflation in the current markets with copious explanations illustrated with examples drawn from modern world history. Various government policies are covered, spanning developed nations to emerging markets (although emerging markets do not get individual analysis). This book would be very helpful for those who seek to understand the current macro view (though some parts may be outdated) and want to extrapolate future trends. Suitable for all levels of readers interested in the current macro trend.
Found in NLB: Yes