New Releases by Lawrence G McDonald

A New York Times bestselling author and leading expert on market risk argues that seismic shifts in the global economy will trigger a multi-trillion-dollar migration of wealth, outlining new rules of investing for the forward-thinking. “I can’t tell you how much I learned from How to Listen When Markets Speak. The historical perspectives and insights are something every investor needs to know. Buy this book.”—Mark Cuban From Wall Street to the White House, the fantasy of an eventual “return to normal” is still alive and well, nurtured by dangerously outdated theories.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. In the coming decade, we’ll witness sustained inflation, a series of sovereign and corporate debt crises, and a thundering of capital out of financial assets into hard assets. Few are prepared. Lawrence G. McDonald, founder of the economic research platform The Bear Traps Report, 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. His analysis led him to identify twenty-one indicators for gauging the health of an economy and detecting early signals of opportunity and danger. In How to Listen When Markets Speak, McDonald unveils his unique predictive models, connecting surprising dots between past, present, and future and outlining actionable trading ideas for staying a beat ahead of the markets. Readers will learn: • How disastrous Fed policy will collide with an increasingly fragmented geopolitical landscape to keep U.S. inflation near 3-5% for the next decade • How growing demand for oil and gas, underinvestment in urgently needed energy infrastructure, and cozy Russia–Saudi Arabia relations will lift the base price of energy to historic levels • Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks, U.S. treasuries, and overcrowded passive investment strategies—and how to detect bearish and bullish trends in advance • How passive investing and the vehicles intended to democratize finance have fueled bubbles and ideological skew by large market participants, leaving millions of 401(k)s and IRAs at risk • Why America will likely lose its position as a global superpower and holder of the world’s premier reserve currency, and may be forced to slash Social Security, Medicare, and military spending Rather 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 preserve their wealth in turbulent times. When markets speak, it pays to listen.

One of the biggest questions of the financial crisis has not been answered until now: What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast. In A Colossal Failure of Common Sense, Larry McDonald, a Wall Street insider, reveals, the culture and unspoken rules of the game like no book has ever done. The book is couched in the very human story of Larry McDonald’s Horatio Alger-like rise from a Massachusetts “gateway to nowhere” housing project to the New York headquarters of Lehman Brothers, home of one of the world’s toughest trading floors. We get a close-up view of the participants in the Lehman collapse, especially those who saw it coming with a helpless, angry certainty. We meet the Brahmins at the top, whose reckless, pedal-to-the-floor addiction to growth finally demolished the nation’ s oldest investment bank. The Wall Street we encounter here is a ruthless place, where brilliance, arrogance, ambition, greed, capacity for relentless toil, and other human traits combine in a potent mix that sometimes fuels prosperity but occasionally destroys it. The full significance of the dissolution of Lehman Brothers remains to be measured. But this much is certain: it was a devastating blow to America’s—and the world’s—financial system. And it need not have happened. This is the story of why it did.

What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers--right from the belly of the beast--arguing that this collapse need not have happened.

Ketika bank Lehman Brothers runtuh, tlunia terperangah. Sebagai ulah satu bank terbesar dan tersukses di dunia, kejatuhannya merupakan peristiwa yang menyebabkan ekonomi dunia terperosok ke dalam Depresi Besar II. Inilah kisah orang dalam yang memukau tentang tokoh-tokoh gelap yang menguasai Lehman. Mereka menolak untuk memperhatikan peringatan bahwa perusahaan itu sedang menuju gunung es. Sementara itu, orang-orang kelas dunia di jabatan menengah Lehman dengan gagah berani berjuang untuk menyelamatkan bank tersebut. Kehancuran itu seharusnya tidak pernah terjadi. Semua orang pun masih bertanya. Mengipa hal ini terjadi? Sebagai mantan wakil presiden Lehman Brothers yang bertanggung jawab atas perdagangan utang bermasalah dan surat berharga. Larry McDonald, berada di tengah-tengah kekacauan perusahaan itu. Larry memberikan pandangan mendalam tentang bagaimana Lehman telah menjadi rumah sakit jiwa. Buku ini menunjukkan betapa tidak diragukannya lagi bahwa Richard Fuld (CF.O yang lama menjabat di Lehman) dan para pejabat eksekutif puncaknya sudah kehilangan akal sehat. Mereka membiarkan risiko profil Lehman meraksasa. Sejak lebih dari dua tahun sebelumnya, para pedagang Lehman seperti Larry McDonald dengan jelas memperkirakan bahwa pasar untuk pergadaian subprimer borongan dan penukaran cedera kredit akan menguap. Tapi bos-bos Lehman vang sedang terbang di langit itu justru menginjak pedal gas dalam-dalam hingga saat terakhir, dan tidak tertolong lagi. Buku ini berbentuk kisah, dan dilengkapi oleh daftar istilah supaya pembaca awam pun dapat menikmatinya. “Sangat direkomendasikan. Buku ini memaparkan bagaimana kesombongan dan kerakusan meruntuhkan fondasi yang telah lama dibangun. Zaman telah berubah!" —Ihe Economitt "...menggiurkan dan kadang lucu." —Fortune "Saya baru membaca sampai bab lima, tetapi saya sudah bisa katakan kalau buku ini jauh lebih bermanfaat dan menarik daripada Age ofTurbulcncc karya Alan Greenspan." —Yuki, Amazon.com "Menguak aksi seorang CEO yang terlalu arogan dan lupa bahwa perusahaan raksasa pun bisa tumbang." — Wall Street Journal