ISBN 9780071592819
'ONE OF THE SMARTEST INVESTORS ON THE PLANET.'--MONEYMAGAZINE'This book is an essential read for those whowish to understand the modern world of investing.' Alan GreenspanThe #1New York Timesand #1Wall Street JournalBestsellerWhen Markets Collideis a timely alert to the fundamental changes taking place in today's 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 today's 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 system's infrastructure is yet to be upgraded to reflect the realities of today's and tomorrow's 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 worldOffering 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 Collideis 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.
Condition: Good
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Booksellers use standard terms to describe the condition of the used books that they sell. The set of terms below are widely adopted by the bookselling community.
As New is self-explanatory. It means that the book is in the state that it should have been in when it left the publisher.
Fine (F or FN) is As New but allowing for the normal effects of time on an unused book that has been protected. A fine book shows no damage.
Very Good (VG) describes a book that is worn but untorn. For many collectors this is the minimum acceptable condition for all but the rarest items.
Good (G) describes the condition of an average used worn book that is complete.
Fair shows wear and tear but all the text pages and illustrations or maps are present. It may lack endpapers, half-title, and even the title page.
Poor describes a book that has the complete text but is so damaged that it is only of interest to a buyer who seeks a reading copy. If the damage renders the text illegible then the book is not even poor.
