How To Listen When Markets Speak

How to Listen When Markets Speak: Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy is a book written by Lawrence McDonald, a former Wall Street trader and risk management expert, and James Robinson.

The book argues that the global economy is undergoing a radical transformation and that the old rules of investing no longer apply. McDonald believes that investors need to develop a new understanding of how markets work in order to succeed in this new environment.

Here are some of the key takeaways from the book:

• The global economy is undergoing a major shift, with inflation expected to stay near 3-5% for the next decade. This is due to a number of factors, including rising geopolitical tensions, supply chain disruptions, and quantitative easing by central banks.
• Traditional asset classes, such as stocks and bonds, are likely to underperform in this environment. McDonald recommends that investors focus on hard assets, such as commodities and real estate, as well as alternative investments, such as cryptocurrencies.
• The United States is likely to lose its position as the world's leading economic power. This is due to a number of factors, including its high debt levels, its declining manufacturing base, and its political dysfunction. McDonald believes that investors should look to invest in emerging markets, such as China and India.

The book has been praised for its insightful analysis of the current economic climate and its actionable advice for investors. However, some critics have argued that McDonald's views are too pessimistic and that he overestimates the risks of investing in traditional asset classes.

Overall, How to Listen When Markets Speak is a thought-provoking book that is sure to challenge your investment assumptions. If you are looking for a new perspective on the markets, then this book is definitely worth reading.