Protect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy―and the meteoric rise of carry.
The financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy―until now.
A groundbreaking book sure to leave its mark in the canon of investing literature, The Rise of Carry explains how carry trading has virtually shaped the global economic picture―one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work―particularly in the currency and stock markets―and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including:
• The active role stock prices play in causing recessions―as opposed to the common belief that recessions cause price crashes
• The real driving force behind financial asset prices
• The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle
• How positive returns to carry over time are related to market volatility―and how central bank policies have supercharged these returns
Simply put, carry trading is now the primary determinant of the global business cycle―a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises.
The Rise of Carry provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals―as well as the next major crisis.
0 有用 捡韭菜的小盒子 2022-05-15 16:32:01
21世纪金融资本论
0 有用 胡串 2023-04-11 03:31:45 美国
写作态度诚恳,推断和展开有些牵强
0 有用 霎誊 2023-03-01 08:56:52 美国
Definitely a 5-star if it's not so redundant. Using carry trade as a breakthrough point, it draws a very lucid insight into the current capital market and explains the financial regime in an intuitive... Definitely a 5-star if it's not so redundant. Using carry trade as a breakthrough point, it draws a very lucid insight into the current capital market and explains the financial regime in an intuitive way. Great book to build up a trading mindset and connect the dots of things happening daily. Think I would buy a physical copy to keep at home. (展开)
0 有用 Lin 2022-09-15 18:35:08 中国香港
GBPUSD马上平价了,和上游这些几万亿的fx carry trade & fed变相sell vol相比,一级二级根本算不上资本无序扩张。同样的老故事,有人兜底就会有人滥用,直到大家抱团完蛋。 未来几周看看BoE怎么用1000亿英镑来拯救sterling吧。
0 有用 米占米占 2024-04-14 07:19:42 新加坡
For the ones who don’t study history, things will repeat. Carry regime is based on the premium to provide liquidity, the capital to flow from weak to the strong.
0 有用 米占米占 2024-04-14 07:19:42 新加坡
For the ones who don’t study history, things will repeat. Carry regime is based on the premium to provide liquidity, the capital to flow from weak to the strong.
0 有用 小米汤牛排 2024-02-03 18:13:14 上海
Carry 角度的世界观。本质是当下的 fiat money 与 central bank 所构成的 monetary system。那么关键的问题是:接下来如何演绎?
0 有用 Z 2023-06-26 21:25:57 中国香港
Read this if you only read one book in finance this year. 讲的是carry但能看出来作者的野心远不止于此,说到最后问题又变成了老生常谈:fiat money才是原罪
0 有用 胡串 2023-04-11 03:31:45 美国
写作态度诚恳,推断和展开有些牵强
0 有用 霎誊 2023-03-01 08:56:52 美国
Definitely a 5-star if it's not so redundant. Using carry trade as a breakthrough point, it draws a very lucid insight into the current capital market and explains the financial regime in an intuitive... Definitely a 5-star if it's not so redundant. Using carry trade as a breakthrough point, it draws a very lucid insight into the current capital market and explains the financial regime in an intuitive way. Great book to build up a trading mindset and connect the dots of things happening daily. Think I would buy a physical copy to keep at home. (展开)