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When Markets Collide: Investment Strategies for the Age of Global Economic ChangeSnagging.org In association with Amazon.co.ukOnline Shop | Property Guides | Kitchen & Home | Garden Tools | Power Tools | Consumer Electronics Get the Snagging Checklist Here! When Markets Collide: Investment Strategies for the Age of Global Economic Change by: Mohamed El-Erian  List Price: £15.99 Amazon.co.uk's Price: £7.99 You Save: £8.00 (50%)Prices subject to change. Availability: Usually dispatched within 24 hours
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Binding: HardcoverDewey Decimal Number: 381.101 EAN: 9780071592819 ISBN: 0071592814 Label: McGraw-Hill Professional Manufacturer: McGraw-Hill Professional Number Of Items: 1 Number Of Pages: 304 Publication Date: July 01, 2008 Publisher: McGraw-Hill Professional Studio: McGraw-Hill Professional Related Items:
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 Rating:  - badly written, poorly edited..No doubt Mohamed El-Erian have learned the slang of the City and Wall Street. He punishes the reader with a dense, and many times unfocused, book written perhaps too early and with the intention to explain the dynamics that are changing the global economy. He was the first to get a book out so good for him, but it is not the best and definitely you can summarise his message in less than 20 pages. The other 280 pages are full of the same annoying words used by Investment bankers trying to look smart. Overall, the book is a collection of his contributions to Financial Times, WSJ as well as conferences, and Mohamed has been adding comments here and there to make this look like a book. Again and again we read about the "secular" destination and every chapter gets introduced as he did in the preface. Mohamed is extremelly inteligent and and one of the true intense minds in the market, but his book is awful. I hope he and his editor make an effort in the second edition as they will need to update it with the more juicy events that happened after he wrote this "finished-in-a-rush" book in January 2008. In any case, he won the award of "book of the year" by FT and Goldman Sachs so I guess it is no longer necesary to have writing skills but just telling people how to distinguish "noise" from true signals. Analysts and associates will enjoy this book, but serious professionals will put it down after few pages. Rating:  - A valuable insight into the rapidly changing economyWhen Markets Collide: Investment Strategies for the Age of Global Economic Change Mohamed El Erian has spent many years involved in the emerging markets and this book gives a very valuable insight into the impact that these markets are having on the financial landscape and how to capitalize on it. In future the emerging markets will be much more important drivers of the world economy than the US, UK, Europe or Japan. The book talks about the crisis caused by the undervaluation of risk combined with the under-assessment of the quantity of risk outstanding and the consequential fundamental changes taking place. The sheer complexity of the structure of financial products and the inability of the regulatory system to keep on top of these developments has been a catalyst in the resulting financial chaos as has the advance in technology. Technology has undermined the role of the sell side in price discovery which has caused the sell side to extend their activities into new and unfamiliar areas at greater risk of market accidents. Derivative based products significantly reduced barriers to entry in a range of markets and the complexity stemmed from the ground upwards. Domestic mortgages are taken as a good example. Gone were the days of plain vanilla fixed or floating loans. Instead a plethora of structures were offered, many so complex that household borrowers didn't understand them. The author emphasises the importance of interpreting signals and differentiating between what is noise and what are real structural changes. He focuses on China as being the most important contributor to world growth. Emerging economies which have greatly benefited from the US and parts of Europe by sustaining consumer demand way beyond income growth are now building up massive amounts of wealth. Time and time again the Sovereign Wealth Funds are mentioned. This book gives us food for thought about how to assess the new financial landscape given that many of the emerging markets have shifted from debtors to creditors and are now extremely important drivers of the world economy. It encourages the reader to keep a close eye on the SWFs and their allocation of capital. It gives us some ideas as to construct an international portfolio. It also talks about changes that will be required in organisations such as the IMF.  Try searching the Internet for "When Markets Collide: Investment Strategies for the Age of Global Economic Change" or Ebay for "When Markets Collide: Investment Strategies for the Age of Global Economic Change". You might also be interested in the following great products:
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