The Shadow Market: How a Group of Wealthy Nations and Powerful Investors Secretly Dominate the World

The Shadow Market: How a Group of Wealthy Nations and Powerful Investors Secretly Dominate the World

by Eric J. Weiner, John Allen Nelson
     
 

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Eric J. Weiner's critically acclaimed first book, What Goes Up: The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen, was selected as one of the year's best books by Barron's magazine and one of the year's Most Enriching Reads by Kiplinger's. Weiner has demonstrated a deep knowledge of Wall Street

Overview

Eric J. Weiner's critically acclaimed first book, What Goes Up: The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen, was selected as one of the year's best books by Barron's magazine and one of the year's Most Enriching Reads by Kiplinger's. Weiner has demonstrated a deep knowledge of Wall Street and how the international financial world operates. Now, in The Shadow Market, he reveals that an enormous reshuffling of global fiscal power is taking place-and that Americans are powerless to stop it. Most of us are unaware of the multitrillion-dollar network of super-rich, secretive, and largely unregulated investment vehicles-foreign sovereign wealth funds, private equity funds, and hedge funds-that are quietly buying up the world, piece by piece. The Shadow Market tells the definitive story behind this side of high finance, the side most people rarely get to see. It doesn't have a physical headquarters, like Wall Street or the New York Stock Exchange, or an index to track. But it's there, pulling the levers behind the curtain. Weiner investigates the evolution of the international market that now dominates the global financial world-where money mixes with geopolitical power, sometimes invisibly, and other times quite publicly. Highly informative and sometimes startling, The Shadow Market is an urgent warning to the worldwide community and a must-listen for anyone interested in the future of the global economy, America's position in the world, or how and where to invest money.

Editorial Reviews

Publishers Weekly
For Weiner (What Goes Up), the “shadow market”--an invisible nexus of wealthy nations, hedge funds, and private equity funds--controls access to capital and natural resources, and by extension, the global economy. The author attributes this shadow market’s rising influence to the secrecy surrounding its participants’ actions: since investing and business decisions are made behind closed doors, they are impossible to regulate. The book’s lengthiest discussion is devoted to the ascendancy of China, whose current account surplus is fueling extraordinary growth in its exchange reserves and whose financial policies “were a major contributor to the expansion of the U.S. lending bubble.” Weiner is equally concerned with the losers in the world’s new economic order, devoting significant space to the U.S. and “Old Europe,” both of which he considers to be poorly positioned to protect their interests in the next century. This informative, admirably lucid book is less concerned with exposing the shadow market’s influence than with placing its emergence in the context of a larger geopolitical shift in power from the West to the East. (Oct.)
From the Publisher
"Informative, admirably lucid." —Publishers Weekly

Product Details

ISBN-13:
9781400118939
Publisher:
Tantor Media, Inc.
Publication date:
09/29/2010
Edition description:
Unabridged CD
Product dimensions:
6.44(w) x 5.60(h) x 1.13(d)

What People are saying about this

From the Publisher
"Informative, admirably lucid." —-Publishers Weekly

Meet the Author

Eric J. Weiner has covered business and economics issues for fifteen years as a writer and editor. He is the author of the critically acclaimed What Goes Up: The Uncensored History of Modern Wall Street as Told by the Bankers, Brokers, CEOs, and Scoundrels Who Made It Happen and a former columnist and reporter for Dow Jones Newswires. He has written for the Wall Street Journal, the Los Angeles Times, the Boston Globe, the Village Voice, and countless other major publications. Eric lives in Great Barrington, Massachusetts, with his wife, Paige. John Allen Nelson's critically acclaimed roles on television's 24 and Vanished are among the highlights of his twenty-five-plus years as an actor, screenwriter, and film producer. As a narrator, he won an AudioFile Earphones Award for his reading of Zoo Story by Thomas French.

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