J. V. Bruni and Company
1528 North Tejon Street
Colorado Springs, Colorado 80907
(719) 575-9880 or (800) 748-3409
J. V. Bruni and Company1528 North Tejon Street Colorado Springs, Colorado 80907 (719) 575-9880 or (800) 748-3409
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The Fearful Rise of Markets,
by John Authers. 
This is a
book with wide appeal. In 27 brief and concise chapters, Authers
describes how a wide range of financial evolutions have taken place over
time and how they have likely made global financial markets more fragile
today. From indexing, money market funds, emerging market assets, bank
deregulation, hedge funds and more, the book makes the case for multiple
root causes of modern financial crises. This is a unique take on the
subject of financial crises, since most explanations tend to
oversimplify and focus more on a single “triggering event” rather than
on the implications of the structure of today’s global financial
marketplace. As a result, readers are left with a much clearer
understanding of the risks embedded in today’s tightly coupled, highly
complex investment world. Despite its detail and broad range of topics,
the book remains highly readable. Part history lesson, part cautionary
tale, Authers’ book is not to be missed. |
"This enjoyable, fast-moving book is concise, relevant, and perceptive. This book...should be read by all those interested in the way markets operate..." Mohamed A. El-Erian, CEO and Co-CIO of PIMCO
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