A Map of the New Normalhow Inflation War and Sanctions Wil
How Inflation, War, and Sanctions Will Change Your World Forever
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Engelsk
During the pandemic, the borrowing patterns of the Canadian government inflated a national deficit by a factor of ten in just two years - and the time has come to pay for it. The ramifications of inte...
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Forlagsbeskrivelse af A Map Of The New Normal How Inflation, War, And Sanctions Wi af Jeff Rubin
During the pandemic, the borrowing patterns of the Canadian government inflated a national deficit by a factor of ten in just two years - and the time has come to pay for it. The ramifications of international COVID-19 spending could potentially last for decades, and inevitably one of the first manifestations of these consequences will be that central banks will lose control of interest rates, and therefore of growth and inflation targets. The genie will be out of the bottle. That is just the first symptom of a series of cascading upheavals. Supply-chain disruptions have already shown the vulnerability of the globalist model that has fuelled growth for the past decades. War has not only shown the fragility of the status quo, but has revealed diplomatic and economic rifts that promise to shift trading patterns, which means access to markets and to resources. At the same time, the precarity of the US dollar underlines the life-or-death importance of those resources, energy in particular. And consolidation of a Eurasian bloc, from Russia to China, and encompassing old enemies like Iran and former US ally Saudi Arabia, hint that the upheaval of Covid was just the beginning. Tracking trade wars and kinetic wars, central banks and runs on banks, pipelines blown up and startups knocked down, A Map of the New Normal gives us a glimpse of a near future that will look very different from the recent past. It reminds us that our mortgage rates and job security, our grocery bills and investments, are all tied to events set in motion by governments, corporations, and black swans around the world.
Detaljer
Forlag
Prentice Hall Press
ISBN
9780735246119
Sprog
Engelsk
Sider
272
Udgivelsesdato
14-05-2024
Format
Hardback
Varenr.
3226341
EAN nr.
9780735246119
Varegruppe
Engelsk non fiction div.
Højde/Dybde (mm)
160
Bredde (mm)
235
Længde (mm)
25
Vægt (g)
448