{"product_id":"the-rise-of-carry-tim-lee-9781260458404","title":"The Rise of Carry: The Dangerous Consequences of Volatility Suppression and the New Financial Order of Decaying Growth and Recurring Cris","description":"\u003cb\u003eProtect yourself from the next financial meltdown with this game-changing primer on financial markets, the economy--and the meteoric rise of carry.\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eThe financial shelves are filled with books that explain how popular carry trading has become in recent years. But none has revealed just how significant a role it plays in the global economy--until now. \u003cp\u003e\u003c\/p\u003eA groundbreaking book sure to leave its mark in the canon of investing literature, \u003ci\u003eThe Rise of Carry\u003c\/i\u003e explains how carry trading has virtually shaped the global economic picture--one of decaying economic growth, recurring crises, wealth disparity, and, in too many places, social and political upheaval. The authors explain how carry trades work--particularly in the currency and stock markets--and provide a compelling case for how carry trades have come to dominate the entire global business cycle. They provide thorough analyses of critical but often overlooked topics and issues, including: \u003cp\u003e\u003c\/p\u003e- The active role stock prices play in causing recessions--as opposed to the common belief that recessions cause price crashes\u003cbr\u003e- The real driving force behind financial asset prices\u003cbr\u003e- The ways that carry, volatility selling, leverage, liquidity, and profitability affect the business cycle\u003cbr\u003e- How positive returns to carry over time are related to market volatility--and how central bank policies have supercharged these returns \u003cp\u003e\u003c\/p\u003eSimply put, carry trading is now the primary determinant of the global business cycle--a pattern of long, steady but unspectacular expansions punctuated by catastrophic crises. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eThe\u003c\/i\u003e \u003ci\u003eRise of Carry\u003c\/i\u003e provides foundational knowledge and expert insights you need to protect yourself from what have come to be common market upheavals--as well as the next major crisis. \u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Tim Lee, Jamie Lee, Kevin Coldiron\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1260458407\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781260458404\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e McGraw-Hill Companies\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 12\/17\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 240\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.88lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.10h x 6.30w x 1.10d","brand":"Tim Lee","offers":[{"title":"Hardcover","offer_id":44044888047871,"sku":"9781260458404","price":32.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_f01dc88e-ff8a-4039-9eba-867e299c9039.jpg?v=1684975496","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-rise-of-carry-tim-lee-9781260458404","provider":"WR Book House","version":"1.0","type":"link"}