Bubbles and How to Survive Them

by JohnCalverley (Author)

• Used

  Hardcover
  2004

  $5.25

  We now live in an asset-backed economy . Our spending decisions are dependent on asset values like house and share prices. In turn these are inextricably linked to burgeoning debt. But asset prices are now subject to fiercely volatile boom and bust cycles, which threaten serious recession, thus putting more downward pressure on prices and more damage to the financial system, leading to the danger of deflation. Since 1991 Japanese land prices have fallen 90 per cent. In a readable, non-technical guide the author explores the implications (e.g. bad for real assets, possibly good for some financial assets) and the solutions for individuals, companies and central banks now that asset prices dominate the economic system. Underlying all of this is the question of where asset prices should be, for example what is the right price earnings ratio for stocks or house prices? This is a highly controversial area but the author argues, if there are not exact levels, there are ranges or averages for these assets in which individuals can invest accordingly.

• Used

  Paperback
  2009

  $3.19

  This is an extremely topical and timely new book from the well known economist and Head of Research, Standard Chartered Bank. When Bubbles Burst is the first book to examine in-depth the financial fallout of 2008 and explore the implications and solutions for individuals, companies and central banks. His previous book, Bubbles and How to Survive Them predicted the current financial situation. This readable, Enon-technical guide is essential reading for everyone and particularly for investment professionals everywhere. In this new book - an investor's survival kit - he outlines the crises we now face and reviews how we got here. He looks closely at the huge housing bubbles in UK and the US, as well as those in Australia, Spain, Japan and Hong Kong. He explores the anatomy of bubbles and presents a checklist for identifying them. He tells the story of how the housing bubble led to the current financial crisis and how far prices might fall, focusing on household debt as the value of household assets collapse. He examines strategies for investors, who must try to avoid bubbles or, more dangerously, seek them out and ride them. He reveals what will happen next. In his original book, Bubbles and How to Survive Them (9781857883480, 2004), John Calverley warned vigorously of the danger from the housing bubble and warned that stock prices might take off again and reach vulnerable levels (as indeed occurred in 2006-7.) 'Indispensable for everyone, investors and students alike, who wants to understand how bubbles arise - and avoid being caught out by the next one' - Roger Bootle, Capital Economics. 'Provides a very thoughtful and incisive look at 'bubbles and busts'...the analysis and content is extremely helpful to understanding the developments over the past few decades and the risks in the current situation' - Dr. Henry Kaufman, President, Henry Kaufman and Company Inc.

• New

  Paperback
  2009

  $17.72

  This is an extremely topical and timely new book from the well known economist and Head of Research, Standard Chartered Bank. When Bubbles Burst is the first book to examine in-depth the financial fallout of 2008 and explore the implications and solutions for individuals, companies and central banks. His previous book, Bubbles and How to Survive Them predicted the current financial situation. This readable, Enon-technical guide is essential reading for everyone and particularly for investment professionals everywhere. In this new book - an investor's survival kit - he outlines the crises we now face and reviews how we got here. He looks closely at the huge housing bubbles in UK and the US, as well as those in Australia, Spain, Japan and Hong Kong. He explores the anatomy of bubbles and presents a checklist for identifying them. He tells the story of how the housing bubble led to the current financial crisis and how far prices might fall, focusing on household debt as the value of household assets collapse. He examines strategies for investors, who must try to avoid bubbles or, more dangerously, seek them out and ride them. He reveals what will happen next. In his original book, Bubbles and How to Survive Them (9781857883480, 2004), John Calverley warned vigorously of the danger from the housing bubble and warned that stock prices might take off again and reach vulnerable levels (as indeed occurred in 2006-7.) 'Indispensable for everyone, investors and students alike, who wants to understand how bubbles arise - and avoid being caught out by the next one' - Roger Bootle, Capital Economics. 'Provides a very thoughtful and incisive look at 'bubbles and busts'...the analysis and content is extremely helpful to understanding the developments over the past few decades and the risks in the current situation' - Dr. Henry Kaufman, President, Henry Kaufman and Company Inc.