How to Listen When Markets Speak
How to Listen When Markets Speak is an investing playbook that helps you make sense of our radically reshaped global economy. Author Larry McDonald, a New York Times bestselling author and leading expert on market risk, not only traces the fateful events that led to our current crisis but also unveils his unique predictive models, outlining counterintuitive investing strategies for the years ahead. Rather than merely doomsaying, How to Listen When Markets Speak equips readers to make sense of our current moment, resist reactionary narratives, and preserve their wealth in turbulent times.
READERS WILL LEARN:
How disastrous Fed policy will collide with an increasingly fragmented geopolitical landscape to keep U.S. inflation near 3-5% for the next decade
How growing demand for oil and gas, underinvestment in urgently needed energy infrastructure, and cozy Russia–Saudi Arabia relations will lift the base price of energy to historic levels
Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks, U.S. treasuries, and overcrowded passive investment strategies—and how to detect bearish and bullish trends in advance
How passive investing and the vehicles intended to democratize finance have fueled bubbles and ideological skew by large market participants, leaving millions of 401(k)s and IRAs at risk
Why America will likely lose its position as a global superpower and holder of the world’s premier reserve currency, and may be forced to slash Social Security, Medicare, and military spending
PRAISE FOR THE BOOK
“I can’t tell you how much I learned from How to Listen When Markets Speak. The historical perspectives and insights are something every investor needs to know. Buy this book.”
—Mark Cuban, Founder of Cost Plus Drugs and longtime Shark Tank investor
“Larry McDonald’s deep knowledge, experience, and insights have been invaluable in shaping my investment strategies, and How to Listen When Markets Speak is no different... I highly recommend it to anyone keen to protect their wealth in tumultuous times.”
—Raoul Pal, CEO and Co-founder of Real Vision
“ His latest book offers strong riposte to the tech hype, bull-market euphoria, and wishful thinking about a soft landing—it is thought-provoking work, particularly at a time when the global zeitgeist and order are changing in profound ways.”
—Gillian Tett, Columnist and Editorial Board at Financial Times, Provost at King’s College, Cambridge, and author of Anthro-Visio
“As soon as I finished How to Listen When Markets Speak, I took a long, hard look at my portfolio. Any investor with skin in the game needs to buy this book.”
—Niall Ferguson, Stanford historian and author of The Ascent of Money and Doom
“Larry McDonald’s, How to Listen When Markets Speak is a consistently compelling contribution to today’s debate on the future of financial markets and a challenge to assumptions that have outlived their value.”
—Ian Bremmer, Political Scientist and President of the Eurasia Group
ABOUT THE AUTHOR
Larry McDonald is a noted economist, political risk expert, and New York Times bestselling author.
He is the Founder of The Bear Traps Report, an economic research platform with clients across 23 countries.
He is one of Wall Street's most respected financial experts and leading political policy risk consultants and strategists.
Previously, he was Vice President of Distressed Debt and Convertible Securities Trading at Lehman Brothers.