Your macroeconomic edge : investing strategies for executives in the post-recession world /

Romero, Philip J,

Your macroeconomic edge : investing strategies for executives in the post-recession world / Philip J. Romero. - 1st ed. - 1 electronic text (xvii, 242 pages) : digital file. - Economics collection, 2163-7628 . - Economics collection. .



Preface: to the reader: Why this book? -- Acknowledgments -- Prologue -- Part I. Why the great moderation, and its bull market, won't return -- 1. Introduction: avoiding Californication -- 2. The fall, rise, and slow crash of California, 1981-2010 -- 3. Your country is getting older, and your government is bankrupt -- 4. Cutting up America's credit card: international demographic trends -- 5. The devil's bargain: inflation for stimulus -- 6. Surprise bailouts: what if I'm wrong? -- 7. Will immigration rescue us? -- Part II. Swimming upstream against the strengthening current -- 8. Hedging against stagflation with commodities, MLPs, REITs, and preferred and high-yield stocks -- 9. Stiffing the tax man with Roth IRAs -- 10. Corporate strategy applications -- Coda. Your money, your future, your vote -- Appendix A. Why the Yuan affects you: a primer on how international economics shapes investment valuations -- Appendix B. Retirement investing 101: an introduction -- Glossary -- Resources -- Business teaching cases related to book chapters -- Notes -- References -- Index.

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Businesspersons and investors have been conditioned to anticipate that after a period of turbulence following the "Great Recession," conditions will return to "normal." For the preceding generation (from 1982 to 2007), "normal" was the economic "Great Moderation": a period of low inflation and low unemployment that brought on high growth in asset values. Those days are gone. This book reviews the major, and largely inescapable, trends that will make the next generation a more challenging investment environment in all developed economies: an aging population and an overextended government. California today captures the challenges that will be faced by the American economy over the next decades. After summarizing these trends, the book outlines investing strategies for individuals and companies can use this new environment. It provides an extended case study in how greater economic literacy can offer readers an advantage for understanding the opportunities, and threats, presented by long- term trends.




Mode of access: World Wide Web.
System requirements: Adobe Acrobat reader.

9781606493212

10.4128/9781606493212 doi

2 BEP


Investments--United States.
Macroeconomics.


United States--Economic conditions--2009-

Aging bonds BDC Brazil budget California China currency debt deficit demographics devaluation dollar economics emerging economies entitlements ETF fertility fiat money finance fiscal Greece India inflation investing long term macroeconomics MLP monetary money PIIGS REIT Roth stagflation stocks tax utility


[genre]

HC106.84