When Bubbles Burst: Surviving the Financial Fallout

By John P. Calverley

Book Overview

Surviving the financial fallout
John Calverley's new book is about understanding what's going on, how policy impinges on it, what investors can do and what is likely to happen. This extremely topical and timely new book from the well-known economist and Head of Research, Standard Chartered Bank is the first book to examine in depth the financial fallout of 2008 and explore the implications and solutions for individuals, companies and central banks.
His previous book, Bubbles and How to Survive Them predicted the current financial situation. He warned vigorously of the danger from the housing bubble and warned that stock prices might take off again and reach vulnerable levels (as indeed occurred in 2006-7.) This essential readable, non-technical guide is essential reading for everyone and particularly for investment professionals everywhere.
In this new book - an investor's survival kit - he:
* Outlines the crises we now face and reviews how we got here.
* Looks closely at the huge housing bubbles in UK and the US, as well as those in Australia, Spain, Japan and Hong Kong.
* Explores the anatomy of bubbles and presents a checklist for identifying them.
* Tells the story of how the housing bubble led to the current financial crisis and how far prices might fall, focusing on household debt as the value of household assets collapse.
* Examines strategies for investors, who must try to avoid bubbles or, more dangerously, seek them out and ride them.
* Reveals what will happen next.

• Format: Paperback
• Language: English
• ISBN: 1857885236
• ISBN13: 9781857885231
• Release Date: March 2009
• Publisher: Nicholas Brealey Publishing
• Length: 228 Pages
• Weight: 0.90 lbs.
• Dimensions: 0.8" x 6.0" x 9.1"

Customer Reviews

Not disappointed...

Just finished reading what I consider one of the best timely books on our current financial crisis. Having read several books on this topic... this one is a must read. Why? It is written for us, the layperson... not the professional. Check out the contents, the author writes with a simple, clear hand. You will not find the usual economic jargon that can bog down the ease of reading and understanding. This a major achievement in itself. He covers the first known bubble histories (1630's)up through 2008. This is the updated version from the original 2004 version. (covering through 2008) It interesting to read his comments what he thinks will happen in 2009-10. He pretty good at reading the "tea leaves" He does an excellent job of presenting different view points (his included) but leaving you to decide. A good read.

Very timeley... in 2010!

Despite being published in 2004, this book could have been published today as essential reading for anyone wanting to know why the financial crisis happened. In a nutshell, everything Calverley presents as "what could happen" did happen. The only reason I gave four stars rather than five is that this book is probably one for budding economists rather than budding investors or traders. Tony Loton, author -- Stop Orders: A practical guide to using stop orders for traders and investors