The Financial Domino Effect: How to Profit Now in the Volatile Global Economy

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9780071799584: The Financial Domino Effect: How to Profit Now in the Volatile Global Economy

Navigate the chain reactions of market turmoil
"If you care about the inner dynamics and investors' reactions to the emerging new financial world that will increasingly consist of 'path-dependent, multimodal, fat-tailed outcomes,' Ben Emons's new book is a must-read. In a coherent and clear framework, Ben shows how falling dominoes in a world of fast markets and uniquely new possibili¬ties creates a market landscape we might never have prepared for."
--Vineer Bhansali, Managing Director, Portfolio Manager, PIMCO

"At some point after getting your financial life in order, you may well have money to invest. Where should you put it, especially when worldwide markets are in flux? Ben Emons, a senior vice president at Pimco, the investment company that runs the world's largest bond fund, addresses that question in The Financial Domino Effect."
--Paul Braun--The New York Times

New York Times book review link: nytimes.com/2012/10/07/business/mutfund/new-books-look-at-basic-budgeting-and-investing-review.html?_r=0



"A great book; it's a very smart book. This is not general reading but it's something accessible to anyone."
--Tom Keene, Bloomberg Radio

"There are so many things going on around the world and your book addresses so much of it, "The Financial Domino Effect."
--Michael McKee, Bloomberg Radio


 April 25 2013 (Bloomberg) -- Ben Emons, Portfolio Manager at PIMCO, discusses his book 'The Financial Domino Effect: How to Profit  Now in the Volatile Global Economy'. Emons explains how chain  reactions of events work their way through global markets and  how to manage your portfolio in an era when contagion is commonplace.
--Emons speaks with Vonnie Quinn on Bloomberg Radio's"The Hays Advantage." 


TV Interview links

TheStreet.com interview with Greg Greenberg: thestreet.com/video/11745363/what-to-do-if-the-financial-dominos-fall.html

CNBC Europe interview:
video.cnbc.com/gallery/?video=3000127217

Bloomberg radio interviews:
Pimco's Emons on the 'Financial Domino Effect'              

IB Times TV
youtube.com/watch?v=LywOQhzkGmw

              

When a major political or financial event happens, the impact disseminates like a contagion across markets and sovereign boundaries. Like a row of toppling dominoes, the effect of the crisis accelerates along various paths. The Financial Domino Effect enables you to benefit from these moving catastrophes and helps you navigate current changes taking place in governmental and financial systems.

At the heart of this progressive book is a powerful framework for analyzing and interpreting the variety of connected influences in the three main domino effects categories--social-political, economic, and financial. By examining the aftermath of such recent milestone events as the collapse of Lehman Brothers, the Occupy Wall Street movement, and the Middle East protests, it shows you how to apply domino theory to become a more knowledgeable and astute portfolio manager. Written with the everyday inves¬tor in mind, this hands-on resource takes you to the next level by delving into such consequential topics as:

  • How easily complex domino effects can become and what it means to your portfolio
  • Six symptoms in the aftermath of a financial or sovereign crisis
  • Post-financial crisis responses, such as quantitative easing (QE), credit easing, and competitive quantitative easing (CQE)
  • How the dissemination and speed of domino effects relate to monetary transmission The second part of the book goes into great depth examining the euro zone debt crisis through the framework. This crisis is particularly unique because it is a domino effect of three kinds--social, economic, and financial--and it has not fully played out. This timely guide takes you step by step through the crisis to a final analysis. Financial crises will happen with high frequency. The Financial Domino Effect helps you stay on top during volatile times in markets.
  • "synopsis" may belong to another edition of this title.

    From the Author:

    Dear reader,

    The Financial Domino Effect is a real time book. Even that many examples are past crisis situations, the concept of a domino effect in financial markets is a "live event" that strikes portfolios negatively and positively every day.

    The framework is fairly straightforward. Identify three main categories of domino effects: social-political, economic and financial. Look at a specific occurance which category it most resembles. Then draw the likely path towards an outcome which then ties into an investment strategy.

    For example, the US faces another potential debt ceiling crisis this summer while the economy softens due to the sequester and the Federal Reserve is considering tapering its purchase program. What domino effects does an investor face?

    Social-political: debt ceiling negotation between Democrats and Republicans. Effect: uncertainty in Washington that affects markets and the economy.

    Economic: sequester (automatic spending cuts) slows the economy but housing remains strong.

    Financial: despite the sequester and debt ceiling, the Fed goes ahead and tapers asset purchases to avoid market distortions. The slowdown of the economy, the uncertainty of the debt ceiling and the Federal Reserve scaling back can adjust growth expectations lower. 
    This hypothetical example shows that a domino effect is complex and intertwined, connected. Moreover it is important to categorize the different effects and layout a potential outcome with a logical investment conclusion.

    The Financial Domino Effect uses a basic framework and straddles it accross different complex market situations. Each time a crisis happens, investors can hopefully use the basic framework to evaluate a path that leads to the most likely outcome. In addition, the book shows that such path comes along with symptoms like financial repression but also positive domino effects like quantitative easing.

    I hope you will enjoy my book.

    Sincerely,

    Ben Emons
    Author of The Financial Domino Effect

    About the Author:

    Ben Emons is a portfolio manager at Pacific Investment Management Company (PIMCO). He has 18 years of investment experience and regularly writes about a range of central bank and macroeconomic topics on the PIMCO website (pimco.com).

    "About this title" may belong to another edition of this title.

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    Book Description Book Condition: New. Publisher/Verlag: McGraw-Hill Professional | How to Profit Now in the Volatile Global Economy. Forew. by Anthony Crescenzi | Predict and profit from the chain reactions of market turmoil"If you care about the inner dynamics and investors' reactions to the emerging new financial world that will increasingly consist of 'path-dependent, multimodal, fat-tailed outcomes,' Ben Emons's new book is a must-read. In a coherent and clear framework, Ben shows how falling dominoes in a world of fast markets and uniquely new possibili ties creates a market landscape we might never have prepared for."-Vineer Bhansali, Managing Director, Portfolio Manager, PIMCO"At some point after getting your financial life in order, you may well have money to invest. Where should you put it, especially when worldwide markets are in flux? Ben Emons, a senior vice president at Pimco, the investment company that runs the world's largest bond fund, addresses that question in The Financial Domino Effect ."- The New York Times "A great book; it's a very smart book. This is not general reading but it's something accessible to anyone."-Tom Keene, Bloommberg RadioWhen a major political or financial event happens, the impact disseminates like a contagion across markets and sovereign boundaries. Like a row of toppling dominoes, the effect of the crisis accelerates along various paths. The Financial Domino Effect enables you to benefit from these moving catastrophes and helps you navigate current changes taking place in governmental and financial systems.At the heart of this progressive book is a powerful framework for analyzing and interpreting the variety of connected influences in the three main domino effects categories-social-political, economic, and financial. By examining the aftermath of such recent milestone events as the collapse of Lehman Brothers, the Occupy Wall Street movement, and the Middle East protests, it shows you how to apply domino theory to become a more knowledgeable and astute portfolio manager. Written with the everyday inves tor in mind, this hands-on resource takes you to the next level by delving into such consequential topics as:How easily complex domino effects can become and what it means to your portfolioSix symptoms in the aftermath of a financial or sovereign crisisPost-financial crisis responses, such as quantitative easing (QE), credit easing, and competitive quantitative easing (CQE)How the dissemination and speed of domino effects relate to monetary transmissionThe second part of the book goes into great depth examining the euro zone debt crisis through the framework. This crisis is particularly unique because it is a domino effect of three kinds-social, economic, and financial-and it has not fully played out. This timely guide takes you step by step through the crisis to a final analysis. In the end, you will be prepared to plan for the myriad of far-reaching consequences and balance your portfolio.Financial crises will happen with high frequency. The Financial Domino Effect helps you stay on top when it all goes down. | Format: Hardback | Language/Sprache: english | 530 gr | 245x164x25 mm | 208 pp. Bookseller Inventory # K9780071799584

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