BOOKS
In this sequel to the 2017 best-seller, The Everything Bubble, Graham Summers presents and analyzes the major macroeconomic developments that occurred since that time, focusing specifically on global policymakers' responses to the 2020 pandemic. Building on the framework initially presented in The Everything Bubble, Graham outlines what policymakers got wrong regarding the shutdowns as well as how the US Federal Reserve and Federal Government unleashed inflation via outrageous amounts of stimulus/ money printing between 2020 and 2022. After examining the implications of these developments for the financial system, Graham presents what he sees as the future of monetary policy, specifically, what policies the US Federal Reserve and Federal Government will be forced to implement when the next crisis or recession hits. The second half of the book is devoted to providing guidelines for investing in this new climate from two perspectives: avoiding the most common mistakes investors typically make and how to employ proper risk management to maximize returns. Building on the strategies Graham has developed over 20 years as a market strategist, Into the Abyss gives readers a new framework for thinking about the markets and investing in the post-pandemic era.
In 2014, our Chief Market Strategist, Graham Summers, MBA coined the term “the Everything Bubble” to describe how the Federal Reserve’s extraordinary monetary policies were distorting the risk landscape of the financial system.
In 2017, Graham wrote and published a best-selling book by the same title, The Everything Bubble: The Endgame For Central Bank Policy. Encompassing over a decade of Graham’s research and analysis, The Everything Bubble chronicles the history of the U.S.’s modern financial system beginning with the founding of its central bank, the U.S. Federal Reserve in 1913, the U.S.’s later abandonment of the Gold Standard in 1971, the subsequent exponential rise in debt/credit in our financial system, and finally, the period of serial asset bubbles and subsequent busts from 1996-2017.
Graham presents all of this information in easy-to-understand, highly entertaining terms that even complete novices will understand. As such, this book is meant for anyone who wants to understand why things are the way they are in the U.S. financial/ banking system, as well as what the future of money and the financial markets looks like.
The Everything Bubble: The Endgame For Central Bank Policy is available on Amazon in both paperback and Kindle form. A complimentary copy is included with every subscription to one of our paid research products.