The Great Reflation
“The financial crisis, the speculative bubble leading up to it, and the aftermath have proven once again just how true the old saying is that if you want to know what’s going on in the financial system, watch the banks. The banking system has always been the centerpiece of liquidity flows, and financial markets are driven principally by changes in liquidity. This is best assessed through indicators that monitor the flow of money and credit.”
J. Anthony Boeckh’s new book, The Great Reflation, provides a look at the current financial crisis, with insight into how we got here, how we will get into the next one, and what investors should know in order to survive in these troubled, high-risk times.
“The Great Reflation is the term we use to describe the government’s massive monetary and fiscal stimulus program. Initially, its purpose was to stop the possible death spiral of the economy in 2008 and 2009. Now its purpose is to prevent a relapse. The program has triggered an avalanche of new money. It will create a world that will be nothing like anything any of us have seen before.” Get it here.
The Great Reflation: How Investors Can Profit From the New World of Money
J. Anthony Boeckh
John Wiley and Sons, Inc., Hoboken, New Jersey, 2010.
