Financial Reckoning Day: Memes, Manias, Booms & Busts ... Investing In the 21st Century

Economic booms and busts are happening more frequently since the turn of the new millennium, with each boom being like the tension building up before an earthquake. Addison Wiggin's book "The Next Quake: How to Detect and Profit from the Economic Tsunamis That Threaten to Shake the World" traces the primary trends that have led to rapid economic growth and innovation while keeping an eye on the inevitable downturn. It explains how the policies of the Federal Reserve following the Panic of 08 led an entire generation to become unwitting speculators in stocks, bonds, real estate, and rare commodities, and how new political trends have impacted managing your own money. The book proposes that when you understand the primary trends and follow them to their logical conclusion, it makes planning for your financial future much easier. It also provides forecasts for what he sees coming next, including the role of the US economy in the future as policy makers try to grapple with new competition from Brazil, Russia, India, and China.

Format: Hardback
Length: 288 pages
Publication date: 17 October 2023
Publisher: John Wiley & Sons Inc

Economic booms and busts have become increasingly frequent since the turn of the new millennium, resulting in rapid changes in fortunes. Each economic boom resembles the buildup of tension before an earthquake, with experts detecting the signs but unable to predict when the next quake will strike. Similarly, economic busts can be devastating, followed by numerous aftershocks.

In his book, "The Financial Odyssey," bestselling author Addison Wiggin explores the primary trends that have driven rapid economic growth and innovation while also keeping a close eye on the inevitable downturn. Wiggin employs a literary approach, telling stories about the individuals and motives behind the scenes, making the book accessible and engaging for a wide audience. The current edition of the book has been revised, adapted, and re-imagined to provide readers with a deeper understanding of the current economic landscape.

One of the key topics covered in the book is the rise of new financial innovations over the past decade, including cryptocurrencies, mobile trading platforms, and the democratization of financial markets. Wiggin discusses how these innovations have transformed the way we invest, trade, and manage our money. He also explores how the policies of the Federal Reserve following the Panic of 2008 led an entire generation to become unwitting speculators in stocks, bonds, real estate, and rare commodities.

The book also examines the impact of new political trends, such as environmental, social, governance (ESG) and diversity, equity, and inclusion (DEI), on managing personal finances. Wiggin argues that understanding these trends and their implications can help individuals make more informed financial decisions.

Ultimately, "The Financial Odyssey" aims to place current events in the context of identifiable historical trends. Wiggin proposes that by understanding the primary trends and following them to their logical conclusion, individuals can better plan for their financial future. The book provides valuable insights and strategies for navigating the complex and ever-changing economic landscape.

In conclusion, "The Financial Odyssey" is a must-read for anyone interested in understanding the past, present, and future of economics and finance. By exploring the primary trends that have shaped the economic landscape, the book offers valuable insights and strategies for navigating the complex and ever-changing economic environment. Whether you are an investor, a financial professional, or simply someone looking to improve your financial literacy, this book is a valuable resource.

Weight: 454g
Dimension: 231 x 160 x 28 (mm)
ISBN-13: 9781394174669
Edition number: 3 ed