The End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy
There are crashes and then there are Crashes. But what turns an ordinary downturn into an era-defining crisis? What makes the difference between an event like the Wall Street Crash of 1929 and a brief bear market?

The answer lies in financial exuberance: speculative mania that appears to be making everyone rich, only to end up making everyone much, much worse off.

Historian and professional investor Alasdair Nairn predicted both the dotcom and subprime collapses, and in this compelling new book shares the evidence that we are living through such a period of deadly excess right now.

Markets appear to be going up and up, but they have got perilously ahead of themselves. Danger lies in every single investable asset class. What some have called the ‘Everything Bubble’ has inflated to unprecedented proportions.

And now the bubble is about to burst.

Nairn lays bare the level of danger with unprecedented detail and pieces together the steps that brought us to the precipice. Lastly, he points out options open to those willing to act now to avoid future harm to their wealth.

As we near the end of the Everything Bubble, don’t be one of those caught out!

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The End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy
There are crashes and then there are Crashes. But what turns an ordinary downturn into an era-defining crisis? What makes the difference between an event like the Wall Street Crash of 1929 and a brief bear market?

The answer lies in financial exuberance: speculative mania that appears to be making everyone rich, only to end up making everyone much, much worse off.

Historian and professional investor Alasdair Nairn predicted both the dotcom and subprime collapses, and in this compelling new book shares the evidence that we are living through such a period of deadly excess right now.

Markets appear to be going up and up, but they have got perilously ahead of themselves. Danger lies in every single investable asset class. What some have called the ‘Everything Bubble’ has inflated to unprecedented proportions.

And now the bubble is about to burst.

Nairn lays bare the level of danger with unprecedented detail and pieces together the steps that brought us to the precipice. Lastly, he points out options open to those willing to act now to avoid future harm to their wealth.

As we near the end of the Everything Bubble, don’t be one of those caught out!

22.95 Out Of Stock
The End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy

The End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy

by Alasdair Nairn
The End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy

The End of the Everything Bubble: Why $75 trillion of investor wealth is in mortal jeopardy

by Alasdair Nairn

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Overview

There are crashes and then there are Crashes. But what turns an ordinary downturn into an era-defining crisis? What makes the difference between an event like the Wall Street Crash of 1929 and a brief bear market?

The answer lies in financial exuberance: speculative mania that appears to be making everyone rich, only to end up making everyone much, much worse off.

Historian and professional investor Alasdair Nairn predicted both the dotcom and subprime collapses, and in this compelling new book shares the evidence that we are living through such a period of deadly excess right now.

Markets appear to be going up and up, but they have got perilously ahead of themselves. Danger lies in every single investable asset class. What some have called the ‘Everything Bubble’ has inflated to unprecedented proportions.

And now the bubble is about to burst.

Nairn lays bare the level of danger with unprecedented detail and pieces together the steps that brought us to the precipice. Lastly, he points out options open to those willing to act now to avoid future harm to their wealth.

As we near the end of the Everything Bubble, don’t be one of those caught out!


Product Details

ISBN-13: 9780857199645
Publisher: Harriman House
Publication date: 10/26/2021
Pages: 196
Product dimensions: 5.50(w) x 8.45(h) x 0.65(d)

About the Author

Alasdair (Sandy) Nairn is Investment Partner and CEO of Edinburgh Partners, an independent fund management company which was acquired by Franklin Templeton in 2018. He is Chairman of the Templeton Global Equity Group and one of the founders of Edinburgh Partners.

He has won multiple perfiormance awards for the management of global equity portfolios.

He is the author of Engines That Move Markets (ISBN: 9780857195999) and co-authored Templeton’s Way With Money (ISBN: 9781118149614).

Sandy lives in Scotland, Edinburgh.

Table of Contents

About the Author xiii

Preface xv

1 Exceptional Times 1

Not a new phenomenon 5

The heart of the problem 9

Wider systemic factors 14

2 Richly Valued Markets 17

Markets don't know or don't care 19

The future for bonds 31

3 Risks and Speculation 35

A misguided policy response 37

Negative consequences 43

The risks in asset prices 47

Leverage and risk-taking 50

Meme stocks 60

Special Purpose Acquisition Vehicles (SPACs) 66

Cryptocurrencies 70

Non-fungible tokens (NFTs) 74

Nothing new under the sun 75

4 Why Change is Coming 79

Is this a new era? 85

Official forecasts not reliable 88

Too rosy a picture? 95

Government intervention moving centre stage 99

Politically viable taxes 102

5 Is Economic Growth the Answer? 107

Demographics 111

Trade 116

Migration 118

Productivity 123

The future for growth 131

6 Future Market Scenarios 135

Lessons from history 137

7 The Past as a Guide to the Future 149

Bonds: how the frog was boiled 156

Equities: the cult of the equity is born 158

A Rocky Road Ahead 161

Be prepared! 170

Acknowledgements 175

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