A major sovereign default crisis is looming for the developed economies of the world. The result will be a major redistribution of wealth and an overhaul of the international financial system, the likes of which have never been seen.
Written by investment expert Peter T. Treadway, with contributions from Michael C. S. Wong, Investing in the Age of Sovereign Defaults offers essential insights on what it will take to protect your investments and even profit during the coming sovereign default crisis. Page by page, Treadway skillfully explains what lies ahead and offers invaluable suggestions to help avoid massive losses.
Engaging and accessible, this timely book includes a review of the perilous fiscal state of Western Europe, the United States, and Japan, and provides an important examination of the financial woes of other countries such as China, India, and Brazil as well. Along the way, it addresses how the informed investor may want to turn to long–run investing strategies, which include major U.S. and non–U.S. (non–financial) corporations, which are driven by technology and globalization. Jets, computers, fiber optic cables the list goes on make globalization unstoppable. In addition, improvements in health and the quality of life are on the horizon, and investors will want to be in on those trends. As Treadway explains, the continued acceleration of technology will be an immense force for good. And with gold considered a timeless “safe haven,” you′ll discover how to maximize its upside potential.
To achieve real financial reform means dismantling the welfare state and its overbearing taxes and regulations and reducing unpayable obligations by defaults. As far as global banks go, there will be problems. Unless the “too big to fail” approach is dropped, these banks will become more like utilities. With this in mind, global finance will have to be done in part by non–banks that don′t show up on the regulatory radar.
The days of the economic status quo are coming to an end. Investing in the Age of Sovereign Defaults shows investors what′s coming and what must be done, if you intend on escaping unscathed.
Praise for Investing in the Age of Sovereign Defaults
“Peter T. Treadway presents a comprehensive, but disturbing reality: rich nations are not immune to fiscal disaster. In fact, they are vulnerable and past Black Swans may easily repeat in a future built on fiat money and excessive spending. For investors, the prospects of deflation, inflation, and worthless paper money raise troubling questions. But in the likely future of default by so–called rich nations, Treadway lays out strategies to preserve assets and survive the worst of an otherwise bleak financial trend. This is a must–read for any thoughtful investor.”
MICHAEL C. THOMSETT, author, educator, and financial expert
“Dr. Treadway′s series of Dismal Optimist commentaries have been a mainstay for global financial professionals and high–level decision makers for years. One of the chief reasons for its popularity is his observations on financial affairs and global markets have largely been proven correct, despite the fact his views tend to be outside the mainstream. The publication of Investing in the Age of Sovereign Defaults gives everyone the opportunity to benefit from his insight supported by his financial expertise and his exceptional knowledge of history. This book is a great read and will become a valuable tool for investors, decision makers, and financial professionals. I urgently recommend it to all.”
ROBERT HARDY, Principal, The Geostrat (www.thegeostrat.com)
“While there is no lack of individual intelligence among global policymakers, economists, and market observers on the public stage, the continuing malaise in the global economy does seem to be confounding popular understanding. In Investing in the Age of Sovereign Defaults, Peter Treadway brings decades of practical economic and financial wisdom to the current conundrum.
Treadway asks and answers the tough questions directly and with sound logic. His historical economic perspectives, worldview, and hands–on strategic market experience make this book a must–read for anyone looking to better understand economies and reflexive government policies. The book will open many eyes.”
PAUL BRODSKY, co–founder and co–managing member, QB Asset Management Company, LLC
About the Author
DR. PETER T. TREADWAY is an independent consultant and money manager. He is currently principal of Historical Analytics LLC, a consulting/investment management firm dedicated to global portfolio management. From 1965 2000, Treadway had a distinguished career on Wall Street and with major American financial institutions. He was ranked as an “all star” analyst eleven times by Institutional Investor. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University, and a BA in English from Fordham University in New York.
DR. MICHAEL C. S. WONG is the founding President of CTRISKS, a credit rating agency and risk–consulting firm based in the Greater China region, and an Associate Professor of Finance at the City University of Hong Kong. Dr. Wong is the Hong Kong Regional Director of the Global Association of Risk Professionals and was a founding member of the FRM Committee of the association from 1998 2002. Prior to his career in academia and consulting, he was involved in investment banking. Dr. Wong graduated from the University of Cambridge, University of Essex, and the Chinese University of Hong Kong.
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