When Markets Collide is a timely alert to the fundamental changes taking place in todays global economic and financial systems--and a call to action for investors who may fall victim to misinterpreting important signals. While some have tended to view asset class mispricings as mere noise this compelling book shows why they are important signals of opportunities and risks that will shape the market for years to come. One of todays most respected names in finance Mohamed El-Erian puts recent events in their proper context giving you the tools that can help you interpret the markets benefit from global economic change and navigate the risks.
The world economy is in the midst of a series of hand-offs. Global growth is now being heavily influenced by nations that previously had little or no systemic influence. Former debtor nations are building unforeseen wealth and thus enjoying unprecedented influence and facing unusual challenges. And new derivative products have changed the behavior of many market segments and players. Yet despite all these changes the systems infrastructure is yet to be upgraded to reflect the realities of todays and tomorrows world. El-Erian investigates the underlying drivers of global change to shed light on how you should: Think about the new opportunities and risks Construct an appropriately diversified and internationalized portfolio Protect your portfolio against new sources of systemic risk Best think about the impact of central banks and financial policies around the world
Offering up predictions of future developments El-Erian directs his focus to help you capitalize on the new financial landscape while limiting exposure to new risk configurations.
When Markets Collide is a unique collection of books for investors and policy makers around the world. In addition to providing a thorough analysis and clear perspective of recent events it lays down a detailed map for navigating your way through an otherwise perplexing new economic landscape.
SELECTED AS A 2008 BEST BUSINESS BOOK OF THE YEAR BY THE ECONOMIST
Winner of the 2008 Financial Times and Goldman Sachs Business Book of the Year Award
