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The New Great Depression

Winners and Losers in a Post-Pandemic World
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( 994 ratings, 119 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The New Great Depression by James Rickards explores the economic impacts of the COVID-19 pandemic, examining how different sectors were affected and the implications for the global economy. Rickards delves into the intersection of economics and behavioural psychology, offering insights on how individuals and businesses can navigate the challenges presented by this new economic landscape. The book provides a thought-provoking analysis of economic trends and potential future strategies.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book may appeal to you if you're interested in exploring the economic impacts of pandemics and how they relate to financial systems. James Rickards provides insights into the causes of economic downturns and offers perspectives on navigating future financial challenges. If you're looking for a blend of economic history, strategy, and forecasting, this read could be both informative and engaging.

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The New Great Depression

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

The New Great Depression by James Rickards is a Wall Street Journal and National Bestseller!

The man who predicted the worst economic crisis in US history shows you how to survive it.

The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in US history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt, and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos. The happy talk from Wall Street and the White House is an illusion. The worst is yet to come.

But for knowledgeable investors, all hope is not lost.

In The New Great Depression, James Rickards, New York Times bestselling author of Aftermath and The New Case for Gold, pulls back the curtain to reveal the true risks to our financial system and what savvy investors can do to survive β€” even prosper β€” during a time of unrivalled turbulence. Drawing on historical case studies, monetary theory, and behind-the-scenes access to the halls of power, Rickards shines a clarifying light on the events taking place, so investors understand what’s really happening and what they can do about it.

A must-read for any fans of Rickards and for investors everywhere who want to understand how to preserve their wealth during the worst economic crisis in US history.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

James Rickards offers a thought-provoking analysis, emphasising the psychological aspects of economic depressions alongside the numeric. The book provides intriguing policy recommendations and practical investing advice for dealing with deflation and inflation. Reviewers appreciate the genuine insights and find it intellectually stimulating, even as they challenge its more pessimistic forecasts.

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Book Details

INFORMATION

ISBN: 9780593330272

Publisher: Penguin Putnam Inc

Format: Hardback

Date Published: 12 January 2021

Country: United States

Imprint: Portfolio

Audience: General / adult

DIMENSIONS

Width: 160.0mm

Height: 236.0mm

Weight: 0g

Pages: 208

About the Author

James Rickards is the Editor of Strategic Intelligence a financial newsletter. He is The New York Times bestselling author of The New Great Depression (2020), Aftermath (2019), The Road to Ruin (2016), The New Case for Gold (2016), The Death of Money (2014), and Currency Wars (2011) from Penguin Random House. He is an investment advisor, lawyer, inventor, and economist, and has held senior positions at Citibank, Long-Term Capital Management, and Caxton Associates. In 1998, he was the principal negotiator of the rescue of LTCM sponsored by the Federal Reserve. His clients include institutional investors and government directorates. He is an op-ed contributor to the Financial Times, Evening Standard, The Telegraph, New York Times, and Washington Post, and has been interviewed by BBC, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. Mr. Rickards is a guest lecturer in globalization and finance at The Johns Hopkins University, Georgetown University, Trinity College Dublin, The Kellogg School at Northwestern, the U.S. Army War College and the School of Advanced International Studies. He has presented papers on risk at Singularity University, the Applied Physics Laboratory, and the Los Alamos National Laboratory. He is an advisor on capital markets to the U.S. intelligence community, and the Office of the Secretary of Defense, and is on the Advisory Board of the FDD Center on Economic and Financial Power in Washington DC. Mr. Rickards holds an LL.M. (Taxation) from the NYU School of Law; a J.D. from the University of Pennsylvania Law School; an M.A. in international economics from SAIS, and a B.A. (with honors) from Johns Hopkins. He lives in New Hampshire.

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