The Rise of Carry: The Dangerous Consequences of Volatility

The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis

Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economyâ€•and the meteoric rise of carry.

The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economyâ€•until now.Â Â

A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic pictureâ€•one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades workâ€•particularly in the currency and stock marketsâ€•and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including:
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â€¢ The active role stock prices play in causing recessionsâ€•as opposed to the common belief that recessions cause price crashes
â€¢ The real driving force behind financial asset prices
â€¢ The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle
â€¢ How positive returns to carry over time are related to market volatilityâ€•and how central bank policies have supercharged these returnsÂ
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Simply put, carry trading is now the primary determinant of the global business cycleâ€•a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises.

The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavalsâ€•as well as the next major crisis.
Country USA
Brand McGraw-Hill Education
Manufacturer McGraw Hill
Binding Hardcover
ItemPartNumber 9781260458404
ReleaseDate 2019-12-17
UnitCount 1
Format Illustrated
EANs 9781260458404

Country	USA
Brand	McGraw-Hill Education
Manufacturer	McGraw Hill
Binding	Hardcover
ItemPartNumber	9781260458404
ReleaseDate	2019-12-17
UnitCount	1
Format	Illustrated
EANs	9781260458404

The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Crisis