Beyond the Keynesian Endpoint: Crushed by Credit and Deceived by Debt -- How to Revive the Global Economy by Tony Crescenzi | Hardcover | Barnes & Noble
Beyond the Keynesian Endpoint: Crushed by Credit and Deceived by Debt -- How to Revive the Global Economy

Beyond the Keynesian Endpoint: Crushed by Credit and Deceived by Debt -- How to Revive the Global Economy

by Tony Crescenzi
     
 

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During the Great Depression, legendary British economist Keynes advocated using government money to fill the economic void until consumer spending and business investment recovered. But what happens when governments can't do that anymore? You've arrived at "The Keynesian Endpoint": when the money has run out before the economy has been rescued. That'

Overview

During the Great Depression, legendary British economist Keynes advocated using government money to fill the economic void until consumer spending and business investment recovered. But what happens when governments can't do that anymore? You've arrived at "The Keynesian Endpoint": when the money has run out before the economy has been rescued. That's where we are. Exhausted balance sheets leave policy makers with few viable options to bolster economic growth; increasingly, they point leaders and citizens towards brutal choices that were previously unimaginable. Meanwhile, investors struggle to navigate volatile markets overwhelmed by sovereign debt—and, as they do, they lose tolerance for fiscal recklessness.

In the U.S. and around the world, debt-fueled spending programs devised to cure the global financial crisis are now morphing into poison. In Beyond The Keynesian Endpoint, PIMCO Executive Vice President and market strategist Tony Crescenzi illuminates the mounting sovereign debt crisis, dissects each of the many scenarios now swirling around it, and reveals the profound implications for governments, investors, and the world economy.

Product Details

ISBN-13:
9780132595216
Publisher:
FT Press
Publication date:
11/07/2011
Pages:
304
Product dimensions:
6.00(w) x 9.10(h) x 1.10(d)

Meet the Author

Tony Crescenzi is Executive Vice President, Market Strategist, and Portfolio Manager for PIMCO, a leading global investment management firm. He was previously Chief Bond Market Strategist at Miller Tabak, where he worked for 23 years.

Crescenzi appears regularly on CNBC and Bloomberg, has guest-hosted Squawk Box, and has taught at Baruch College’s executive MBA program for 10 years. He has 28 years of investment experience and holds an MBA from St. John’s University and an undergraduate degree from the City University of New York.

His books include Investing from the Top Down, the recent Fourth Edition of Marcia Stigum’s 1,200-page classic The Money Market, and The Strategic Bond Investor, Second Edition.

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