An up-close look at the fixed income market and what lies
ahead
Interweaving compelling, and often amusing, anecdotes from
author Simon Lack's distinguished thirty-year career as a
professional investor with hard economic data, this engaging book
skillfully reveals why Bonds Are Not Forever. Along the way,
it provides investors with a coherent framework for understanding
the future of the fixed income markets and, more importantly,
answering the question, "Where should I invest tomorrow?"
Bonds Are Not Forever chronicles the steady decline in
interest rates from their peak in the 1980s and the concurrent drop
in inflation during that period. Lack explains how those two
factors spurred a dramatic growth in borrowing among both
governments and individuals. Along the way, Lack describes how a
financial industry meant to provide capital needed to drive
productivity and economic growth became disconnected from Main
Street and explores the grave economic, social, and political
consequences of that disconnect.
Provides practical solutions for avoiding the risk of falling
bond markets and guaranteed negative real returns on savings
Explains how the bursting of the real estate bubble in
2007?2008 led to massive borrowing by governments as they
attempted to offset a sharp fall in economic activity
Details how the trends of exploding debt and a financial sector
that has grown much bigger than it needs to be have dramatically
changed the game for savers
Offering a uniquely intimate, yet analytically thorough look at
the coming fixed income crisis, Bonds Are Not Forever is
must reading for investment professionals, as well as retail
investors and their advisors.
ahead
Interweaving compelling, and often amusing, anecdotes from
author Simon Lack's distinguished thirty-year career as a
professional investor with hard economic data, this engaging book
skillfully reveals why Bonds Are Not Forever. Along the way,
it provides investors with a coherent framework for understanding
the future of the fixed income markets and, more importantly,
answering the question, "Where should I invest tomorrow?"
Bonds Are Not Forever chronicles the steady decline in
interest rates from their peak in the 1980s and the concurrent drop
in inflation during that period. Lack explains how those two
factors spurred a dramatic growth in borrowing among both
governments and individuals. Along the way, Lack describes how a
financial industry meant to provide capital needed to drive
productivity and economic growth became disconnected from Main
Street and explores the grave economic, social, and political
consequences of that disconnect.
Provides practical solutions for avoiding the risk of falling
bond markets and guaranteed negative real returns on savings
Explains how the bursting of the real estate bubble in
2007?2008 led to massive borrowing by governments as they
attempted to offset a sharp fall in economic activity
Details how the trends of exploding debt and a financial sector
that has grown much bigger than it needs to be have dramatically
changed the game for savers
Offering a uniquely intimate, yet analytically thorough look at
the coming fixed income crisis, Bonds Are Not Forever is
must reading for investment professionals, as well as retail
investors and their advisors.
