Overview
- Broken Markets explains how global finance drove 40 years of prosperity before missteps harmed the system, how governments are helping perpetuate problems in capital markets, how financial-services firms lost their way and how they can restore the values that once made them great, and what all this means for society and your wallet.
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Table of contents (7 chapters)
About this book
--Eric Grover, in his review of
Broken Markets in The American Banker
Broken Markets allows the intelligent non-specialist to understand and navigate the ongoing worldwide aftermath of the 2008 financial market meltdown. The key theme of the book is how the leading financial institutions and the political leadership of the U.S. and European Union have failed us and set the stage for continued market turmoil. It explains what this means for investors, borrowers, society in general, and the financial-services industry. Former banker Kevin Mellyn focuses on providing readers with clear and simple explanations of the forces at work and the potential consequences for their future prosperity.
As this book makes clear, what’s coming is a world in which high structural unemployment and flat or declining real income is likely—not to mention a diminished retirement financial safety net. The book therefore provides actionable information for protecting wealth and making prudent investment decisions in an economy that is nothing like the one that has sustained us for decades.
As a forward-looking narrative about rapidly changing events and volatile markets and politics, Broken Markets will provide no single prediction about the future but rather describe alternative scenarios and provide the reader with signposts to watch out for in deciding which reality is actually unfolding. Unlike most books written by journalists on global finance, the scenarios and signposts described willbe largely based on the lessons of financial and political history rather than breaking news. This book:
- Tells you in plain language how today’s financial system threatens your livelihood and wealth
- Tells you why and how governments worldwide, with some notable exceptions, are taking actions likely to make things worse instead of better
- Explains how the leading financial institutions lost their way during the bubble years and how they can find the path back to prosperity and value to society
- Tells you what life will be like in a “post-finance” economy and how you can protect your wealth
About the author
Bibliographic Information
Book Title: Broken Markets
Book Subtitle: A User's Guide to the Post-Finance Economy
Authors: Kevin Mellyn
DOI: https://doi.org/10.1007/978-1-4302-4222-2
Publisher: Apress Berkeley, CA
eBook Packages: Business and Economics, Apress Access Books, Business and Management (R0)
Copyright Information: Kevin Mellyn 2012
Softcover ISBN: 978-1-4302-4221-5Published: 14 June 2012
eBook ISBN: 978-1-4302-4222-2Published: 08 August 2012
Edition Number: 1
Number of Pages: XV, 188
Topics: Business and Management, general