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  • Format: ePub

This Element is an excerpt from The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future (9780137072996) by John Authers. Available in print and digital formats.
Are we headed for another global market bubble and economic collapse that will dwarf what's come before?
The global stock market rally that started in March 2009 was the most impressive in more than a century. But it appears that the rally rested on exactly the same pathologies of herding behavior, moral hazard, and a simplistic faith in models, combined with synchronized and
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Produktbeschreibung
This Element is an excerpt from The Fearful Rise of Markets: Global Bubbles, Synchronized Meltdowns, and How To Prevent Them in the Future (9780137072996) by John Authers. Available in print and digital formats.

Are we headed for another global market bubble and economic collapse that will dwarf what's come before?

The global stock market rally that started in March 2009 was the most impressive in more than a century. But it appears that the rally rested on exactly the same pathologies of herding behavior, moral hazard, and a simplistic faith in models, combined with synchronized and self-reinforcing trading, that created the super-bubble in the first place.


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Autorenporträt
John Authers, investment editor for The Financial Times, serves as its main commentator on international markets. In this role, he has become one of the world's most influential financial journalists, with bylined columns on display pages of The FT five days each week. Authers speaks worldwide and appears frequently on major U.S. and global media, including the BBC, CNN, MSNBC, NPR, and PBS. He was recently honored as the UK's Investment Journalist of the Year for his ft.com coverage of the early days of the financial crisis. The Victim's Fortune, coauthored with Richard Wolffe, earned the prestigious Best of Knight-Bagehot Award.