John Mauldin and Jonathan Tepper Explain How to Protect Savings and Investments from the Coming Crisis in New Book
When Lehman Brothers went bankrupt and AIG was taken over by the US
government in the fall of 2008, the world almost came to an end - stock
markets went into free fall as trillions of dollars of wealth were wiped
out. While the initial crisis is long gone, the unconventional measures
have stayed with us. We live in an environment of financial repression;
with Central Bankers using alternative policies such as quantitative
easing, zero interest rate policies, money printing and currency wars
that they believe to be necessary in order to jump start the economy.
John Mauldin and Jonathan Tepper label these strategies, Code Red
policies.
In their new book, Code Red: How to Protect Your Savings From the
Coming Crisis (WILEY; October 2013; Hardcover and e-book;
ISBN: 978-1-118-78372-6; $29.95), Mauldin and 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 financial
repression, currency wars, bubble economies and inflation, and their
impact on everyday investors’ lives and financial futures, compelling
reading.
Written by the authors of the New York Times bestseller, Endgame:
The End of the Debt Supercycle and How It Changes Everything now
available in paperback, this book exposes the central banks in the US,
UK, EU and Japan and how they've rigged the game against the average
saver and investor. More importantly, Code Red explains how to
protect 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.
“Today is a time of financial repression, in which central banks keep
interest rates below inflation and average savers and investors are
forced to face high risks and low rewards; where there are clear winners
and losers as prudent savers are called upon to bail out reckless
borrowers; where the rich keep getting richer while pensioners, many in
their seventh and eighth decades, are competing with teens for
increasingly scarce minimum wage jobs just to help make ends meet,” says
Mauldin. “Investors in the developed world are guinea pigs in an
unprecedented monetary experiment. Central banks have massively
increased the size of their balance sheets, potentially storing up
extremely large problems for the future. Current policies are simply
setting the stage for a bigger crisis. Code Red aspires to help
investors insulate themselves from these dangers and against inflation.”
The coming upheaval will affect everyone - no one will be spared the
consequences: from savers who are planning for retirement to
professional traders looking for opportunities to profit in financial
markets. Inflation will eat away at savings, government bonds will be
destroyed as a supposedly safe asset class, and assets that benefit from
inflation and money printing will do well.
Code Red provides a roadmap and a playbook for retails savers
professional traders alike. Mauldin and Tepper arm readers with
time-tested strategies for surviving and thriving in these tumultuous
times. Readers will discover how to spot and capitalize on market
bubbles and learn proven money management techniques for reducing risk
through diversification, profiting from precious metals, commodities,
and other real assets through managed futures funds, and more.
“At 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,” adds Tepper. “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 Code Red and find out what the central bankers
would rather you didn't know and how to protect your savings from the
coming crisis.”
"Code Red 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." - David
Rosenberg, Chief Economist and Strategist, Gluskin Sheff + Associates
Inc.
"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." - Mohamed A.
El-Erian, CEO, PIMCO
About the authors
JOHN MAULDIN 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 New
York Times bestselling author, a pioneering online commentator, and
the publisher of Thoughts from the Frontline, 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.
JONATHAN TEPPER is the Chief Editor of Variant Perception (www.variantperception.com),
a macroeconomic research group that caters to hedge funds, banks, and
family offices. He is the coauthor, with John Mauldin, of Endgame:
The End of the Debt Supercycle, a book on the sovereign debt crisis.
Jonathan has worked as an equity analyst at SAC Capital and as a Vice
President in proprietary trading at Bank of America. In addition, he is
a founder of Demotix, a citizen-journalism website and photo
agency which he sold in 2012 to Corbis, a Bill Gates-owned company. In
2012, Jonathan was a finalist for the Wolfson Economics Prize, an open
challenge for economists to find the most efficient and least disruptive
way to break up the euro. Jonathan is an American Rhodes Scholar. He
lives in London but travels frequently to the U.S., Europe, and Asia to
speak at conferences. He earned a BA with highest honors in economics
and history from the University of North Carolina at Chapel Hill, and an
MLitt in modern history from Oxford University.
For additional information, please visit http://www.thecoderedbook.com/.
If you are interested in an interview with Mauldin or Tepper, or if you
would like any additional information, please contact Melissa Torra,
Publicist – WILEY – mtorra@wiley.com/201-748-6834.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131107005010/en/
Media:
WILEY
Melissa Torra, 201-748-6834
mtorra@wiley.com