Financial Reckoning Day

Condition: BRAND NEW ISBN: 9781394174669 Author(s): Addison Wiggin Format: Hardcover Year: 2023 Edition: 3rd Publisher: John Wiley & Sons Inc Pages: 288 Series: Agora Series

Description: An engaging and practical romp through contemporary financial and economic historyâand what it means for your financial future Economic booms and busts are happening with more frequency. Since the turn of the new millennium, fortunes have been made and lost at a blistering pace. Each boom is like the tension building up before an earthquake. Seismologists can detect the build-up, but they can't necessarily explain whyâor whenâthe next quake will hit. Economic busts can be equally devastatingâ¦and followed by numerous aftershocks. In this entertaining romp through recent economic and financial history, best-selling author, Addison Wiggin, traces the primary trends that have led up to rapid economic growth and innovation while keeping an eye on the inevitable downturn. The author practices 'literary economics,' telling stories about the characters behind the scenes and their motives, making this wide-ranging book easy-to-read. The current edition has been revised, adapted, and re-imagined, enlightening readers about what's happening behind today's top headlines: The rise of new financial innovations over the past decade, including cryptocurrencies, mobile trading platforms, and the democratization of financial marketsHow the policies of the Federal Reserve following the Panic of '08 led an entire generation to become unwitting speculators in stocks, bonds, real estate, and rare commoditiesWhat impact new political trendsâenvironmental, social, governance (ESG) and diversity equity and inclusion (DEI)âhave had on managing your own money Ultimately, the book helps place current events in the context of identifiable historical trends. The book proposes that when you understand what the primary trends are and follow them to their logical conclusion, it makes planning for your financia