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When Markets Collide: Investment Strategies for the Age of Global Economic Change | 
 enlarge | Author: Mohamed El-erian
Publisher: McGraw-Hill
Category: Book
List Price: $27.95
Buy New: $14.98
You Save: $12.97 (46%)
New (53) Used (11) from $13.41
Rating:  36 reviews
Sales Rank: 954
Media: Hardcover
Edition: 1
Pages: 304
Number Of Items: 1
Shipping Weight (lbs): 1.5
Dimensions (in): 9.1 x 6.4 x 1.3
ISBN: 0071592814
Dewey Decimal Number: 381.101
EAN: 9780071592819
ASIN: 0071592814
Publication Date: May 23, 2008
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product Description
"ONE OF THE SMARTEST INVESTORS ON THE PLANET."--MONEY MAGAZINE. . �This book is an essential read for those who. wish to understand the modern world of investing.�.
�Alan Greenspan . . . Winner of the 2008 Financial Times and Goldman Sachs Business Book of the Year Award When Markets Collide is a timely alert to the fundamental changes taking place in today's global economic and financial systems--and a call to action for investors who may fall victim to misinterpreting important signals. While some have tended to view asset class mispricings as mere �noise,� this compelling book shows why they are important signals of opportunities and risks that will shape the market for years to come. One of today's most respected names in finance, Mohamed El-Erian puts recent events in their proper context, giving you the tools that can help you interpret the markets, benefit from global economic change, and navigate the risks. . . The world economy is in the midst of a series of hand-offs. Global growth is now being heavily influenced by nations that previously had little or no systemic influence. Former debtor nations are building unforeseen wealth and, thus, enjoying unprecedented influence and facing unusual challenges. And new derivative products have changed the behavior of many market segments and players. Yet, despite all these changes, the system's infrastructure is yet to be upgraded to reflect the realities of today's and tomorrow's world. El-Erian investigates the underlying drivers of global change to shed light on how you should: . . . . - Think about the new opportunities and risks.
- Construct an appropriately diversified and internationalized portfolio.
- Protect your portfolio against new sources of systemic risk.
- Best think about the impact of central banks and financial policies around the world
. . Offering up predictions of future developments, El-Erian directs his focus to help you capitalize on the new financial landscape, while limiting exposure to new risk configurations. . . When Markets Collide is a unique collection of books for investors and policy makers around the world. In addition to providing a thorough analysis and clear perspective of recent events, it lays down a detailed map for navigating your way through an otherwise perplexing new economic landscape. .
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| Customer Reviews: Read 31 more reviews...
 Helps to get an all-round view on today's economy December 2, 2008
D.T.
The book is trying to keep the language plain but probably is not for those who haven't a clue about economy. It is a very interesting read so as to see the flaws and cons of today's economic world and to read between the lines from now on.
important ... but I wish it were better written November 30, 2008
JPC (NC United States)
There are few people in the world whose opinions and insights on financial issues matter more than El-Erian. So this is an extremely important book, even for the average investor. However, the book's audience seems to be mainly managers of large portfolios and financial policy makers, and many of the issues discussed will seem arcane to the average investor. Making it that much more difficult for the average reader, I thought the writing style left much to be desired. For instance, El-Erian repeatedly outlines the issues the book will cover, but then, when he actually gets to the meat of his arguments, I felt he left many important points unclear or even just alluded to. I hope future editions will try to improve the books clarity and organization.
Finally, I wish El-Erian would have spent a bit more time on explaining how the average investor implements and monitors the investing strategies he recommends. Nevertheless, keeping in mind that this is not a handbook for us normal people, the average investor can gain a truly authoratative big-picture account of how the global financial landscape is evolving and how this will impact their investments in the coming years.
when market collide November 25, 2008
Seth M. Wilfong
1 out of 1 found this review helpful
excellent read and very pertinent to the investor/trader who wishes to stay on top of the future investment climate.
 Unlocking the Credit Crisis November 22, 2008
Red Dawn (Glendale, AZ, USA)
0 out of 3 found this review helpful
The United States is now a debtor nation to the tune of about $10 trillion (why did I have to find out this amount from BBC America & THE THREE TRILLION DOLLAR WAR instead of from CNBC?). Debtor nations issue & market their debt at attractive rates to nations having a large surplus of money beyond what they require for investing in U.S. Treasuries. Unfortunately, due to an absence of a compliance agency overseeing the integrity of U.S. debt, bad debt got mixed in with good debt. (See my review of BAD MONEY for background on how we got to this point.) Thus, the global credit lock-up. Now it looks as if a stop-gap recall & some form of warranty for guaranteeing our bad debt has to be implemented UNTIL pristine regulations concerning debt quality & compliance laws are promulgated.
WHEN MARKETS COLLIDE presents a structure for repairing the global crisis. Sadly, it took a "Black Swan" event to awaken us to this necessity. El-Erian provides guidance for individual investors/institutions, national policy, & multilateral relationships.
Consider the global economy as a 3-D chessboard with each country represented by a board & everything inter-connected by derivatives for easing the passage from one board to another of each country's financial instruments & products. In other words, the variety of investment vehicles are here to stay.
From an individual investor's point of view, due diligence must rely less on out-sourced risk management advice & more on our own efforts. For example, Citigroup at $55 per share began losing value prior to the end of 2006, but it took Deutsche Bank until November 14, 2008, to guide us from a Buy to a Hold. Readers need to incorporate risk management with overlays & the Lemon Theory into traditional asset allocation. Promising alternative investment vehicles are the "130/30" funds & indexed products with actively managed overlays.
I would ignore any negative comments on writing style. El-Erian mastered his English writing style while at Cambridge & Oxford.
 dissapointing November 14, 2008
gabster
1 out of 2 found this review helpful
you would think that the CEO of the largest bond fund would have meaningful insights to share..... but you'd be wrong
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