The Only Game in Town
The Only Game in Town
Mohamed A. El-Erian
Walter Isaacson
A must-read from one of the most astute financial analysts of our time. - Walter Isaacson
Mark Cuban
One of the 7 books Mark Cuban credits his success to.
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The Only Game in Town

The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

Mohamed A. El-Erian
By
Mohamed A. El-Erian
3.6
109
ratings on Goodreads

In "The Only Game in Town," Mohamed A. El-Erian, one of the world's preeminent economic thinkers, delivers a crucial analysis of our global economic trajectory and the pivotal choices that lie ahead. With the precision of a seasoned economist and the clarity of a gifted communicator, El-Erian navigates the reader through the complex web of contemporary economic challenges—from the stifling grip of slow growth and the widening chasm of inequality to the uneasy calm of volatile financial markets. This book not only diagnoses the symptoms of our ailing global economy but also prescribes a course of action that veers away from impending crisis and steers towards regeneration and stability. El-Erian's masterpiece is both an urgent warning and a beacon of hope. He argues compellingly that the era of central banks acting as the linchpins of financial salvation must end, advocating instead for a strategic realignment of policy that squarely addresses the root causes of economic malaise. By weaving together insights from economics, finance, and behavioral science, "The Only Game in Town" equips readers with the understanding necessary to navigate the uncertainties of the current economic landscape. It's a book that challenges its audience to not only anticipate what the future holds but to actively shape it, making it essential reading for investors, policymakers, and indeed anyone who has a stake in the future of our global economy.

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Released
2016
26 Jan
Length
320
Pages

2

recommendations

recommendation

A must-read from one of the most astute financial analysts of our time. - Walter Isaacson
One of the 7 books Mark Cuban credits his success to.
Ever since the 2008 global financial crisis, central banks had ventured, not by choice but by necessity, ever deeper into the unfamiliar and tricky terrain of “unconventional monetary policies.” They floored interest rates, heavily intervened in the functioning of markets, and pursued large-scale programs that outcompeted one another in purchasing securities in the marketplace; to top it all off, they aggressively sought to manipulate investor expectations and portfolio decisions.
— Mohamed A. El-Erian, The Only Game in Town

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