By Colin Read (auth.)
Read Online or Download Global Financial Meltdown: How We Can Avoid the Next Economic Crisis PDF
Best managerial books
Protecting Clients from Fraud, Incompetence and Scams
Shield your consumers – and your self – from all types of economic chicanery and stupidity with this very important new bookIt does not topic if a monetary blunders was once made due to malice or lack of know-how – the result is that you just lose funds. fortunately, you do not have to sit down idly and take it. when you've got retaining consumers from Fraud, Incompetence and Scams, you could determine and steer clear of the dysfunctional sectors of the monetary undefined, stay away from the fallout from the Madoff period, and advisor your consumers to actual, fit, sustainable returns.
Restructuring the stability sheets of Western governments, banks and families is a crucial factor within the restoration after the hot difficulty. Chorafas' most modern booklet makes a speciality of sovereign debt, sovereign probability and the constructing financial and fiscal company weather and explains why the 12 months of the massive difficulty may well fall in the course of this decade.
Strategic Value Analysis: Organize Your Company for Strategic Success (Executive Briefings)
Worth research underlies the luck and competitiveness of best jap businesses equivalent to Toyota. First created as an engineering product layout technique within the States, it was once hence taken up by way of jap businesses who constructed and better the approach right into a significant managerial instrument incorporating accounting details, and used it to minimize product expense and enhance product performance and price for purchasers.
Risk and Return in Asian Emerging Markets: A Practitioner’s Guide
Threat and go back in Asian rising Markets deals readers a company perception into the chance and go back features of top Asian rising industry members via evaluating and contrasting behavioral version variables with predictive forecasting tools.
- Compensation Committee Handbook
- Environmental Management Accounting: Informational and Institutional Developments (Eco-Efficiency in Industry and Science)
- Essentials of Knowledge Management
- The Handbook of Fraud Deterrence
- The Power of Accounting: What the Numbers Mean and How to Use Them
Additional resources for Global Financial Meltdown: How We Can Avoid the Next Economic Crisis
Sample text
Indeed, the stock market gains on average over time, unlike the built-in loss from most forms of gambling. Instead, the example demonstrates that the stock market can tap the same emotional response that causes some to lose all they have in gambling binges. Is it safe out there? Is there a way to protect ourselves from our own animal spirits? Let’s get back to fundamentals, and at the same time understand what makes a winning baseball team. Baseball is a game of statistics. Lately the game has become the science of statistics, with one of the most winning teams in the last few years demonstrating a mastery of this science.
Remember that 50 cents of every dollar invested was often borrowed on margin from banks or lenders who were very willing to front to the Consumer-Investor some of these investment dollars. We will discuss margin accounts in just a moment. In short, though, if a Consumer-Investor put up 100 dollars for a stock, of which 50 dollars were borrowed, and this stock fell in value to 10 dollars, the ConsumerInvestor has lost all of his or her 50 dollar investment, and also owes the bank another 40 dollars.
Some of these Johnny-come-lately investment strategies are fueled by the margin accounts we mentioned earlier. In the next chapter, we will see how margin trading can back a trader into a hole, and force Consumer-Investors to lock in their losses as lenders protect themselves. 5 Get Your Money for Nothing and Your Kicks for Free Financial markets have become much more volatile of late because of one looming and growing factor – debt. More specifically, the debt that is used to finance Consumer-Investor securities purchases has created fantastic profits and spectacular failures.