Ben Emons explains why government debt is no longer “risk free”–and how you can seek alternatives in order to invest your money accordingly
A timely alert to the fundamental changes taking place in today’s global economic and financial systems. The book discusses why there is no longer a true risk free rate, how this will impact risk premiums, financial and real asset valuations, what could be the future alternatives to the risk free rate and what to look for when investing.
Product Features
- Used Book in Good Condition
Global financial markets experienced extraordinary turbulence from 2008 until just recently. It is all too tempting to forget the lessons of those years, particularly in Europe. As Spanish government bonds yields fall and London property prices rise, let’s not forget how close we were to the financial precipice. One lesson, to me and to the author, is that we now have to question the safety of even the perceived-to-be safest government debt obligations. We have to ask “What is…
The End of the Risk-Free Rate is a concise, user-friendly manual for financial markets experiencing regime changes. The textbook definition of a risk-free rate – the return on a “money-good” investment with a known outcome – has been tested by turmoil and crises. Emons’ walks his readers through the causes and effects of regime change and investor psychology in an accessible and thought-provoking manner. By examining trends in productivity, technology, and…
0