{"product_id":"code-red-isbn-9781118783726","title":"Code Red","description":"\u003cp\u003e\u003cb\u003e\u003ci\u003eWall Street Journal\u003c\/i\u003e Bestseller\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eValuable insights on monetary policies, their impact on your financial future, and how to protect against them\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWritten by the \u003ci\u003eNew York Times\u003c\/i\u003e bestselling author team of John Mauldin and Jonathan Tepper, \u003ci\u003eCode Red\u003c\/i\u003e spills the beans on the central banks in the U.S., U.K., E.U., and Japan and how they've rigged the game against the average saver and investor. More importantly, it shows you how to protect your hard-earned cash from the bankers' disastrous monetary policies and how to come out a winner in the irresponsible game of chicken they're playing with the global financial system.\u003c\/p\u003e \u003cp\u003eFrom quantitative easing to zero interest rate policies, ZIRP to the impending currency wars, runaway inflation to GDP targeting, authors Mauldin and Tepper achieve the impossible by not only explaining global monetary policy and its consequences in plain English, but also making it compelling reading.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eOutlines time-tested strategies for surviving and thriving in these tumultuous times\u003c\/li\u003e \u003cli\u003eAddresses how issues such as quantitative easing, financial repression, currency wars, bubble economies, and inflation impact our everyday lives as well as our financial future\u003c\/li\u003e \u003cli\u003eWritten by a team of bestselling authors and experts in this dynamic field\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eHow did we get here and where are we headed? What can you do to insulate yourself against, and profit from, economic upheaval and secure your financial future? Find out in \u003ci\u003eCode Red\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eAcknowledgments ix\u003c\/p\u003e \u003cp\u003eIntroduction: Code Red 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I\u003c\/b\u003e 11\u003c\/p\u003e \u003cp\u003eChapter One: The Great Experiment 13\u003c\/p\u003e \u003cp\u003eChapter Two: Twentieth-Century Currency Wars: The Barbarous Relic and Bretton Woods 33\u003c\/p\u003e \u003cp\u003eChapter Three: The Japanese Tsunami: Starting a Currency War 57\u003c\/p\u003e \u003cp\u003eChapter Four: A World of Financial Repression 91\u003c\/p\u003e \u003cp\u003eChapter Five: Arsonists Running the Fire Brigade 117\u003c\/p\u003e \u003cp\u003eChapter Six: Economists Are Clueless 133\u003c\/p\u003e \u003cp\u003eChapter Seven: Escape Velocity 171\u003c\/p\u003e \u003cp\u003eChapter Eight: What Will Happen When It All Goes Wrong 201\u003c\/p\u003e \u003cp\u003eChapter Nine: Easy Money Will Lead to Bubbles and How to Profit from Them 221\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II\u003c\/b\u003e: Managing Your Money 251\u003c\/p\u003e \u003cp\u003eChapter Ten: Protection through Diversification 253\u003c\/p\u003e \u003cp\u003eChapter Eleven: How to Protect Yourself against Inflation 271\u003c\/p\u003e \u003cp\u003eChapter Twelve: A Look at Commodities, Gold, and Other Real Assets 301\u003c\/p\u003e \u003cp\u003eConclusion 319\u003c\/p\u003e \u003cp\u003eAfterword 325\u003c\/p\u003e \u003cp\u003eNotes 341\u003c\/p\u003e \u003cp\u003eAbout the Authors 343\u003c\/p\u003e \u003cp\u003eIndex 345\u003c\/p\u003e  \u003cp\u003e“If you read only one book on finance this year, make it \u003ci\u003eCode Red: How to Protect Your Savings from the Coming Crisis\u003c\/i\u003e, by John Mauldin and Jonathan Tepper, authors of the bestseller \u003ci\u003eEndgame\u003c\/i\u003e, which delved into the 2008 collapse.”—\u003ci\u003eForbes\u003c\/i\u003e magazine\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJOHN MAULDIN\u003c\/b\u003e is Chairman of Mauldin Economics (www.MauldinEconomics.com), an economic and investment strategy research firm, and President of Millennium Wave Investments, a U.S. registered investment advisor and FINRA registered broker-dealer. John is a renowned financial expert, a \u003ci\u003eNew York Times\u003c\/i\u003e bestselling author, a pioneering online commentator, and the publisher of \u003ci\u003eThoughts from the Frontline\u003c\/i\u003e, one of the first publications to provide investors with free, unbiased information and guidance and one of the most widely read investment newsletters in the world. Each week a million readers turn to John Mauldin to gain a better understanding of Wall Street, global markets, and the drivers of the world economy. John is a regular contributor to several financial publications and is a frequent guest on CNBC, Bloomberg TV, and Yahoo's Daily Ticker. He is a keynote speaker at conferences around the world. John is the father of seven children (five adopted) and lives in a high rise in Dallas, Texas.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJONATHAN TEPPER\u003c\/b\u003e is the Chief Investment Officer of Prevatt Capital. He is the founder of Variant Perception. Formerly, he was an analyst at SAC Capital and a Vice President on the proprietary trading desk at Bank of America. Jonathan is the author of \u003ci\u003eEndgame\u003c\/i\u003e, \u003ci\u003eCode Red\u003c\/i\u003e, and \u003ci\u003eThe Myth of Capitalism: Monopolies and the Death of Competition\u003c\/i\u003e. He is a Rhodes Scholar and graduated with highest honors in history and honors in economics from the University of North Carolina at Chapel Hill and has an MLitt in modern history from the University of Oxford.\u003c\/p\u003e  \u003cp\u003eWe're all guinea pigs in a grand monetary experiment being performed by the world's central banks. Quantitative easing, zero-percent interest rates, nominal GDP targeting, and other \"Code Red\" policies introduced by central bankers to pull the global economy back from the brink of collapse have remained in place long past their expiration date, setting the stage for potential disasters ahead.\u003c\/p\u003e \u003cp\u003eWhile the outcome remains unclear, the fallout from the grand experiment is already affecting our quality of life and future prospects. While the wealthy continue to see their wealth soar to all new heights, real economic growth remains elusive and the standard of living is in decline for the majority of us. Savers now receive close to zero-percent interest on their savings, while the price of gasoline, rent, and groceries climb steadily. With government bond yields now trading well below the level of inflation, those who rely on pension funds and bonds for their retirement are being forced to seek whatever jobs they can find to help make ends meet. At the same time uncertainty is now the rule in the financial markets—especially in the emerging markets—and in a process authors John Mauldin and Jonathan Tepper liken to \"picking up dimes in front of a steamroller,\" investors are chasing after riskier and riskier investments in pursuit of some small return on their investments.\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eCode Red\u003c\/i\u003e, John Mauldin and Jonathan Tepper perform an amazing feat: not only do they bring monetary policy down to earth for the average saver and investor, they make subjects such as quantitative easing, financial repression, currency wars, bubble economies and inflation, and their impact on our everyday lives and financial futures, compelling reading.\u003c\/p\u003e \u003cp\u003eJust as importantly, they arm you with time-tested strategies for surviving and thriving in these tumultuous times. You'll discover how to spot and capitalize on market bubbles. And you'll learn proven money management techniques for insulating yourself against inflation, reducing risk through diversification, profiting from precious metals, commodities, and other real assets through managed futures funds, and more.\u003c\/p\u003e \u003cp\u003eAt this point it's anybody's guess if current monetary policies will succeed in creating sustained growth or if they will fail miserably leading the world into high levels of inflation. What is certain though is that those policies are producing all sorts of unintended consequences—most of them bad for the average saver and investor. Read \u003ci\u003eCode Red\u003c\/i\u003e and find out what the central bankers would rather you didn't know and how to protect your savings from the coming crisis.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003ePraise for \u003ci\u003eCode Red\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eCode Red\u003c\/i\u003e brilliantly exposes the myth that the unconventional policies that global central banks have pursued since the financial crisis ended will ultimately be successful in generating the holy grail of escape velocity they so desperately seek. With history on their side, Mauldin and Tepper provide layers of evidence proving that the Code Red monetary policies will more than likely end up creating a cycle of inflation that few are braced for. The economic and financial sands are shifting under our feet as a result of the unprecedented global monetary experiment aimed at bailing out debtors at the expense of savers. The good news is that Mauldin and Tepper don't merely identify the symptom; they also have come up with solutions for retail investors, portfolio managers, and professional traders as to how to prepare for this transition, from the prior years of deflation to the current reflation to what comes next, which is inflation.\"\u003cbr\u003e \u003cb\u003e—David Rosenberg,\u003c\/b\u003e Chief Economist and Strategist, Gluskin Sheff + Associates Inc.\u003c\/p\u003e \u003cp\u003e\"Central bank policies impact many aspects of our economic life. Mauldin and Tepper pull back the curtain and explain in clear and simple language what central bankers are actually doing and why.\"\u003cbr\u003e \u003cb\u003e—Mohamed A. El-Erian,\u003c\/b\u003e CEO, PIMCO\u003c\/p\u003e \u003cp\u003e\"After reading the highly entertaining and informative \u003ci\u003eCode Red\u003c\/i\u003e, I can assure you that neither Jonathan Tepper nor John Mauldin will ever be appointed to be Federal Reserve Board of Governors. This is why this book is so valuable and why you should read it.\"\u003cbr\u003e \u003cb\u003e—Marc Faber,\u003c\/b\u003e Marc Faber Ltd.\u003c\/p\u003e \u003cp\u003e\"John Mauldin has a golden Rolodex, and he uses it to share insights from the investing greats of our time.\"\u003cbr\u003e \u003cb\u003e—Barry L. Ritholtz,\u003c\/b\u003e Chief Investment Officer, Ritholtz Wealth Management\u003c\/p\u003e \u003cp\u003e\"A thought-provoking and enjoyable read. Cheap money may not be the root of all evil, but it certainly has responsibility for a considerable part of our current ills. This book offers a timely warning on the 'no way back' dimension of much of the activity central bankers are promoting. We passed the last exit to Brooklyn long ago, especially in Japan, where, as the authors make clear, a most dangerous experiment is being conducted with likely consequences that most policymakers are not able even to comprehend, let alone foresee. In a world where getting through to tomorrow is the watchword, this book may not help the reader sleep better at night, but it will prepare him or her better for the world that is to come the day after tomorrow.\"\u003cbr\u003e \u003cb\u003e—Edward Hugh,\u003c\/b\u003e independent economist, blogger, and contributor of \u003ci\u003eA Fistful of Euros\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"When you seek strength, you read the Holy Bible. When you want entertainment, you go to Broadway. When you want to learn about the economic big picture, you read John Mauldin—one of the most connected, important, informed, and intelligent market mavens on the Street today. And, he's genuinely a nice guy.\"\u003cbr\u003e \u003cb\u003e—Rich Yamarone,\u003c\/b\u003e Chief Economist, Bloomberg\u003c\/p\u003e \u003cp\u003e\"Jonathan Tepper and John Mauldin analyze the current 'monetary arms race' and its likely disastrous conclusion.\"\u003cbr\u003e \u003cb\u003e—Christopher Wood,\u003c\/b\u003e Chief Equity Strategist, CLSA\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988940275941,"sku":"NP9781118783726","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118783726.jpg?v=1761782136","url":"https:\/\/k12savings.com\/es\/products\/code-red-isbn-9781118783726","provider":"K12savings","version":"1.0","type":"link"}