A New York Times bestselling author and leading expert on market risk outlines new rules of investing for the forward-thinking.From Wall Street to Downing Street, the fantasy of an eventual 'return to normal' is still alive and well, nurtured by dangerously outdated theories. But the economic world as we know it - and the rules that govern it - are over. And few are prepared.Lawrence McDonald got a real-world education in market risk when, as a Lehman Brothers VP, he watched the firm ignore flashing warning signs before its collapse. Now, he unveils the predictive model he developed in the aftermath, outlining actionable trading ideas for a radically reshaped economy. Readers will
Why inflation will stay near 3-5% for the next decadeWhy oil prices will remain at historic highs for the foreseeable futureWhy hard assets and rare minerals like lithium and cobalt will outperform growth stocks and passive investment strategiesWhy America will likely lose its position as a global superpower and holder of the world's premier reserve currencyRather than merely doomsaying, How to Listen When Markets Speak equips readers to make sense of our current moment, resist reactionary narratives and baseless analysis, and pounce on a new investing playbook.
Lawrence G. McDonald is a New York Times bestselling author and the founder of the advisory platform The Bear Traps Report, which has clients across twenty-three countries. One of Wall Street’s most respected financial experts, McDonald has made more than 1,400 media appearances. Previously, he was a vice president of distressed debt and convertible securities trading at Lehman Brothers.