Endgame: The End of the Debt SuperCycle and How It Changes Everything

( 22 )

Overview

"We all know we have seen the end of an era, and now we havecourtside seats to watch the Endgame unfold. We are watching theend of Act I: The Debt Supercycle. Now we will get to see how ActII: The Endgame plays out."—John Mauldin & Jonathan Tepper(Chapter 1, page 4)

Hundreds of books have been written about the financial crisisthat engulfed the world after Lehman Brothers went bankrupt. Butwhat if the bigger financial crisis is ahead of us, not behindus?

As John Mauldin and ...

See more details below
Other sellers (Paperback)
  • All (9) from $8.77   
  • New (7) from $9.74   
  • Used (2) from $8.77   

Overview

"We all know we have seen the end of an era, and now we havecourtside seats to watch the Endgame unfold. We are watching theend of Act I: The Debt Supercycle. Now we will get to see how ActII: The Endgame plays out."—John Mauldin & Jonathan Tepper(Chapter 1, page 4)

Hundreds of books have been written about the financial crisisthat engulfed the world after Lehman Brothers went bankrupt. Butwhat if the bigger financial crisis is ahead of us, not behindus?

As John Mauldin and Jonathan Tepper deftly illustrate in thiscontroversial book, the crisis was more than a half-century in themaking. The Great Financial Crisis, however, was merely Act I. ActII has now begun.

The massive household deleveraging and historic shift of privatedebt onto government balance sheets now underway all over the worldrepresents the end of a sixty-year global Debt Supercycle. We havenow entered the Endgame, a time when bankruptcies and defaults(disguised as "restructuring") will not be of households andcompanies but of governments. The stakes are now higher. The comingcrises will offer policymakers few good choices and many bad ones.It will require extraordinary clarity and courage from leaders,courage that so far is largely completely lacking.

Yet, despite the authors' dark forecast, the message in Endgameis not all gloom and doom. The book lays out positive stepsgovernments can take to weather the worst of the stormy days ahead,minimize the inevitable pain and discomfort most of us can expectto experience, and chart a bold new course to sustained economicgrowth and prosperity.

It also offers investors an abundance of useful analysis andexpert advice on how to protect their assets during the worst of itand prosper from the many new opportunities that will emergeglobally as they present themselves.

In Part 2, the authors take readers on a country-by-countrytour—including the United States, UK, European countries, andJapan—clearly explaining the problems each country faces, aswell as the good and bad policy options open to each, and theinvestment pitfalls and opportunities likely to be found in eachnational economy.

Whether you call it the Great Recession, the Great FinancialCrisis, or the Global Debt Crisis, what we are experiencing isunlike anything seen in eighty years. Now is not the time tosuccumb to panic and superstition. It is a time for courage andintelligent decision making informed by the brand of rationalanalysis and wisdom you'll find in Endgame.

Read More Show Less

Editorial Reviews

From the Publisher
In Endgame: The End of the Debt Supercycle and How It ChangesEverything, Mauldin and Tepper pull no punches and get directlythe point. ...Endgame is a veritable trip around the world,as Mauldin lays out the uncomfortable choices facing nearly everymajor country. While Mauldin’s analysis of the American debtproblem is sobering, his comments on Europe are downrightfrightening…Given the noise dominating the newswires, it isrefreshing to find clear, coherent thinking. Our compliments toMessrs. Mauldin and Tepper on a job well done.”
Charles Sizemore, HS Dent Research Analyst and Editorof the Sizemore Investment Letter
Read More Show Less

Product Details

  • ISBN-13: 9781118800027
  • Publisher: Wiley
  • Publication date: 10/28/2013
  • Edition number: 1
  • Pages: 336
  • Sales rank: 495,863
  • Product dimensions: 6.00 (w) x 8.90 (h) x 1.00 (d)

Meet the Author

JOHN MAULDIN is a renowned financial expert, a multiple New York Times best-selling author, and a pioneering online commentator. His weekly e-newsletter, Thoughts From The Frontline, was one of the first publications to provide investors with free, unbiased information and guidance. Today, it is one of the most widely distributed investment newsletters in the world, translated into Chinese, Spanish and Italian. He is regularly seen on TV and in national print media. President of Millennium Wave Investments, he is the father of seven children (five adopted) and lives in Dallas, Texas.

JONATHAN TEPPER is the founder and Chief Editor of Variant Perception, a macroeconomic research group catering to hedge funds and high-net-worth individuals.

Read More Show Less

Table of Contents

Acknowledgments xiii

Introduction: Endgame 1

Part One: The End of the Debt Supercycle 11

Chapter 1: The Beginning of the End 15

Chapter 2: Why Greece Matters 31

Chapter 3: Let’s Look at the Rules 45

Chapter 4: The Burden of Lower Growth and More FrequentRecessions 73

Chapter 5: This Time Is Different 91

Chapter 6: The Future of Public Debt: An Unsustainable Path109

Chapter 7: The Elements of Deflation 133

Chapter 8: Inflation and Hyperinflation 157

Part Two: A World Tour: Who Will Face Endgame First75

Chapter 9: The United States: The Mess We Find Ourselves In181

Chapter 10: The European Periphery: A Modern-Day Gold Standard215

Chapter 11: Eastern European Problems 233

Chapter 12: Japan: A Bug in Search of a Windshield 247

Chapter 13: The United Kingdom: How to Quietly Inflate Away YourDebt 261

Chapter 14: Australia: Could It Follow in Ireland's Footsteps-273

Chapter 15: Unintended Consequences: Loose Monetary Policies andEmerging Markets 283

Conclusion: Investing and Profiting from Endgame 293

Epilogue: Some Final Thoughts 297

Notes 301

About the Authors 309

Index 311

Read More Show Less

Customer Reviews

Average Rating 4
( 22 )
Rating Distribution

5 Star

(8)

4 Star

(7)

3 Star

(6)

2 Star

(0)

1 Star

(1)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
See All Sort by: Showing 1 – 20 of 22 Customer Reviews
  • Anonymous

    Posted May 18, 2011

    This is a sample?

    I sure can't decide anything about this book based on the 1 line "sample." 23 pages. Supposedly. But when that includes a table of contents, an acknowledgement, etc, etc, there is no sampling. Based on this I can't buy the book.

    3 out of 11 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted March 24, 2011

    One of the most important books about money you'll ever read. Buy this book for everyone you care about.

    John Mauldin is neither a pessimist nor a market/political cheerleader. "Endgame" simply explains the political and sociological processes that have led America and the world to the difficult economic place that we find ourselves in. It is becoming evident to almost everyone that difficult fincancial decisons must be made at every level; from federal, state and local governments to businesses, individuals and families. "Endgame" makes it clear that there are no easy, pain-free choices remaining but that the worst course of action would be to try to continue "business as usual".

    Far from being just another expose of failed policies, "Endgame" provides both educational insight into economics and policy and potential courses of action that politicians and individuals may choose and possible results of these actions.

    If you care about your financial future, you'll want to read "Endgame" more than once!

    3 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted June 1, 2012

    more from this reviewer

    Amid all the postmortems of the 2008 recession, this might be th

    Amid all the postmortems of the 2008 recession, this might be the bleakest. Financial gurus John Mauldin and Jonathan Tepper argue persuasively that no quick recovery is on the horizon. Instead, the world’s economies face years, perhaps decades, of tepid growth, roller-coaster markets and high unemployment. The authors combine their analysis with research from a variety of economists to reach the conclusion that deficits will continue to grow and politicians will continue to avoid making hard decisions. While their rambling reasoning is sometimes disjointed and their analysis presents nothing startlingly new, Mauldin and Tepper make an informed case that investors, consumers, managers and policy makers need to prepare for a rocky future that’s nothing like the comparatively easy years of the recent past. getAbstract recommends this sobering look at the future as important reading for those who want to follow the full spectrum of analysis.

    Was this review helpful? Yes  No   Report this review
  • Posted May 29, 2012

    "Takes a very complex subject & makes it reasonably un

    "Takes a very complex subject & makes it reasonably understandable. Bottom line: There is no way the world economy (or the US economy) can possibly get better for any significant amount of time, without first getting worse. The only question is how much worse. Will we make the tough decisions to immediately accept and minimize the pain? Or will we make the politically easier decisions to procrastinate and thereby increase the ultimate pain?"

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted April 23, 2012

    WAVRNS HOUSE

    0 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted February 14, 2012

    not recommended

    The text is fine bur due to the nature of the book (finance) there are
    quite a few charts & graphs that are almost impossible to read. I will
    probably have to buy the hard copy so I can get the information.

    Was this review helpful? Yes  No   Report this review
  • Posted September 25, 2011

    Must Read For Investors

    J. Mauldin clearly describes how and why the current world-wide economic challenges with debt are different from the business recessions endured over the past 60 years, and what you can do to protect your portfolios.

    0 out of 1 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted April 28, 2011

    No text was provided for this review.

  • Anonymous

    Posted April 21, 2011

    No text was provided for this review.

  • Anonymous

    Posted August 12, 2011

    No text was provided for this review.

  • Anonymous

    Posted August 3, 2011

    No text was provided for this review.

  • Anonymous

    Posted May 6, 2012

    No text was provided for this review.

  • Anonymous

    Posted June 26, 2011

    No text was provided for this review.

  • Anonymous

    Posted February 4, 2012

    No text was provided for this review.

  • Anonymous

    Posted March 26, 2012

    No text was provided for this review.

  • Anonymous

    Posted December 6, 2011

    No text was provided for this review.

  • Anonymous

    Posted December 4, 2011

    No text was provided for this review.

  • Anonymous

    Posted April 12, 2011

    No text was provided for this review.

  • Anonymous

    Posted May 7, 2011

    No text was provided for this review.

  • Anonymous

    Posted August 27, 2011

    No text was provided for this review.

See All Sort by: Showing 1 – 20 of 22 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)