Code Red : How to Protect Your Savings From the Coming Crisis

Online-Ressource (366 p)

Description based upon print version of record

Code Red: How to Protect Your Savings from the Coming Crisis; Copyright; Contents; Acknowledgments; Introduction: Code Red; Part One; Chapter One: The Great Experiment; How I Learned to Stop Worrying and Love Inflation; Alphabet Soup: ZIRP, QE, LSAP; Quantitative Easing, a.k.a. Money Printing; Debasing Your Currency; Navigating a Code Red World; Key Lessons from the Chapter; Chapter Two: Twentieth-Century Currency Wars: The Barbarous Relic and Bretton Woods; The 1930s: First Mover Wins; The Euro: Today's Gold Standard; The 1970s: Weaker Currencies, Higher Inflation

Today versus the 1930s and 1970sCurrency Wars and Japan; Key Lessons from the Chapter; Chapter Three: The Japanese Tsunami: Starting a Currency War; The Quake and the Sandpile; Banzai! Banzai!; Three Arrows; Let's Export Our Deflation; Reform and the Demographics of Doom; The Hard Part: Structural Reform; Six Impossible Things; A Modern Currency War; Gentlemen, They Offer Us Their Flank; Key Lessons from the Chapter; Chapter Four: A World of Financial Repression; Inflation and Interest Rates; Financial Repression: Back to the Future; Taxes by Another Means

Will Real Inflation Please Stand Up?Inflation Is Your Friend; Repression Hurts Retirees; Everything Is Overpriced; Key Lessons from the Chapter; Chapter Five: Arsonists Running the Fire Brigade; The Cult of Central Bankers; Promoting Failure; No Apologies, Only Promotions; Key Lessons from the Chapter; Chapter Six: Economists Are Clueless; Assume a Perfect World; Objects in the Rearview Mirror Are Larger than They Appear; The Definition of Insanity; Using Leading Indicators; Making Decisions in Real Time; Too Loose for Too Long; The Return of the 1970s; Key Lessons from the Chapter

Chapter Seven: Escape VelocityStuck in a Liquidity Trap; The Economic Singularity; The Minsky Moment; The Event Horizon; The Glide Path; Where's the High Inflation?; Escaping the Liquidity Trap; Overstaying One's Welcome; Key Lessons from the Chapter; Chapter Eight: What Will Happen When It All Goes Wrong; How Are Your Navigation Skills?; A Red Balloon Full of Nitroglycerin; The Mechanics of Exit; QE = Hotel California; When Deleveraging Gives Way to Credit Expansion, Watch Out for Inflation; Key Lessons from the Chapter

Chapter Nine: Easy Money Will Lead to Bubbles and How to Profit from ThemExcess Liquidity Creating Bubbles; Humans Never Learn; Anatomy of Bubbles and Crashes; Stage 1: Displacement; Stage 2: Boom; Stage 3: Euphoria; Stage 4: Crisis; Stage 5: Revulsion; Anatomy of Bubbles and Crashes; Keep Moving, There's Nothing to See; Carry Trades and Bubbles; What You Can Do in Bubbles; Key Lessons from the Chapter; Part Two: Managing Your Money; Chapter Ten: Protection through Diversification; A Portfolio for All Seasons; Avoid Making Mistakes; 1. Trying to Time the Market; 2. Home Bias in Investing

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