The Life in The Financial Markets: How They Really Work and Why They Matter to You - Hardcover

Daniel Lacalle

Hardcover

ISBN 10: 1118914872 ISBN 13: 9781118914878

Publisher: John Wiley & Sons, 2015

Synopsis

An accessible and thorough review of the international financial markets

Life in the Financial Markets―How They Really Work And Why They Matter To You offers the financial services professional, and anyone interested in knowing more about the profession, an entertaining and comprehensive analysis of the financial markets and the financial services industry. Written by Daniel Lacalle―a noted portfolio manager with EcoFin and well-known media personality―the book goes beyond a simple summary and offers solid advice on the future of the global financial markets. This great resource also includes a review of effective strategies and forecasts the trends that represent potential opportunities for investors.

The book reviews the recent history of the financial crisis and includes information on hot topics such as derivatives and high frequency trading. An in-depth section on investment banking is written from the perspective of a successful practitioner and provides clarity on several complex and overly politicized elements of the banking system. The author gives an expert's perspective on the debt markets, monetary policies, and quantitative easing, and helps explain the various issues surrounding sovereign debt, the Euro crisis, and austerity versus growth policies. Comprehensive in scope, this resource also offers an analysis of investment styles, from hedge funds to "long only" investments, as well as an in-depth look at corporate communication and its impact on markets and investments.

• Offers an engaging and comprehensive analysis of the financial services industry
• Includes information on the workings of the global financial system following the economic crisis
• Contains a review of complex banking systems

Analyzes the various investment styles and answers the most common questions pertaining to investing

About this title

About the Author

DANIEL LACALLE is an economist, fund manager and certified financial analyst overseeing equities, bonds and commodities. He holds a postgraduate degree in IESE and a master's degree in economy investigation. Mr Lacalle was voted Top 3 Generalist and Number 1 Pan-European Buyside Individual in Oil & Gas in Thomson Reuters' Extel Survey in 2011, the leading survey among companies and financial institutions. Author of two best-selling books Nosotros los Mercados and Viaje a la Libertad Económica, now in its fifth and third edition respectively, as well as The Energy World Is Flat (Wiley, 2015, with Diego Parrilla).

From the Back Cover

Most of the economic news that reaches market participants is reactive: it only explains what has happened. What's more, this information is belated, filtered, often massaged and sometimes tainted by politics and social relations. In times of crisis "speculators" all too often take the blame for economic downturns both in the media and in political discourse.

Life in the Financial Markets offers financial services professionals, as well as anyone interested in the topic, an accessible and provocative guide to the functioning of the financial system. Written by Daniel Lacalle a senior portfolio manager and contributor to the Wall Street Journal and CNBC Life in the Financial Markets passionately defends the honesty, seriousness and above all the essential and irreplaceable role that financial operators play in today's economy. Lacalle also includes a diagnosis of the economic crisis, that may be considered by some as controversial, but which offers a hopeful and honest way out of our current problems.

Lacalle explores the recent history of the market and the financial crisis and touches on hot topics such as derivatives, high frequency trading, and investment banking. Viewed from the perspective of a successful practitioner, Lacalle provides clarity on some complex and very politicised elements of the banking system including the debt market, monetary policies, and quantitative easing. In accessible terms, Life in the Financial Markets explains the impact of, as well as the different issues surrounding, sovereign debt, the European crisis, and austerity versus growth policies.

Based on his experience, Daniel Lacalle lambasts some of the myths surrounding the activity of hedge funds and financial operators, offers his take on the causes of the current crisis and includes ways to resolve them. Among other controversial ideas, Life in the Financial Markets argues persuasively that traders do not act outside the law; access to the investor's pocket is not anyone's right, not even that of a government; liquidity alone is not enough to tackle the current crisis; consensus assessment poses a danger to the investor; and the currency markets always impose the fundamentals.

This important resource provides ideas and recommendations for negotiating the financial sectors and offers suggestions to investors for making their own investment decisions.

From the Inside Flap

Most of the economic news that reaches market participants is reactive: it only explains what has happened. What's more, this information is belated, filtered, often massaged and sometimes tainted by politics and social relations. In times of crisis "speculators" all too often take the blame for economic downturns both in the media and in political discourse.

Life in the Financial Markets offers financial services professionals, as well as anyone interested in the topic, an accessible and provocative guide to the functioning of the financial system. Written by Daniel Lacalle a senior portfolio manager and contributor to the Wall Street Journal and CNBC Life in the Financial Markets passionately defends the honesty, seriousness and above all the essential and irreplaceable role that financial operators play in today's economy. Lacalle also includes a diagnosis of the economic crisis, that may be considered by some as controversial, but which offers a hopeful and honest way out of our current problems.

Lacalle explores the recent history of the market and the financial crisis and touches on hot topics such as derivatives, high frequency trading, and investment banking. Viewed from the perspective of a successful practitioner, Lacalle provides clarity on some complex and very politicised elements of the banking system including the debt market, monetary policies, and quantitative easing. In accessible terms, Life in the Financial Markets explains the impact of, as well as the different issues surrounding, sovereign debt, the European crisis, and austerity versus growth policies.

Based on his experience, Daniel Lacalle lambasts some of the myths surrounding the activity of hedge funds and financial operators, offers his take on the causes of the current crisis and includes ways to resolve them. Among other controversial ideas, Life in the Financial Markets argues persuasively that traders do not act outside the law; access to the investor's pocket is not anyone's right, not even that of a government; liquidity alone is not enough to tackle the current crisis; consensus assessment poses a danger to the investor; and the currency markets always impose the fundamentals.

This important resource provides ideas and recommendations for negotiating the financial sectors and offers suggestions to investors for making their own investment decisions.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2015
• Language: English
• ISBN 10: 1118914872
• ISBN 13: 9781118914878
• Binding: Hardcover
• Edition number: 1
• Number of pages: 298