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by Graham Summers Mba (Author)
In this sequel to the 2017 best-seller, The Everything Bubble, Graham Summers, MBA presents and analyzes the major macroeconomic developments that have occurred since that time, focusing specifically on global policymakers' responses to the 2020 pandemic.Building on the framework initially presented in The Everything Bubble, Graham outlines what policymakers got wrong regarding the shutdowns as well as how the US Federal Reserve and Federal Government unleashed inflation via outrageous amounts of stimulus/ money printing between 2020 and 2022. After examining the implications of these developments for the financial system, Graham presents what he sees as the future of monetary policy, specifically, what policies the US Federal Reserve and Federal Government will be forced to implement when the next crisis or recession hits. The second half of the book is devoted to providing guidelines for investing in this new climate from two perspectives: avoiding the most common mistakes investors typically make and how to employ proper risk management to maximize returns. Building on the strategies Graham has developed over 20 years as a market strategist, Into the Abyss gives readers a new framework for thinking about the markets and investing in the post-pandemic era.
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