Karn: Credit and credibility
In a fascinating e-book, Credit and credibility, Richard Karn, author of the Emerging Trends Report, is now offering his assessment of today’s financial turmoil and what he considers to be the five most pressing issues the global economy will face in the years ahead. The critical issues explored include:
Chapter 1: Pay no attention to the man behind the curtain! discusses fiat currency, the financial excesses and abuse it engenders, interventionist policy response to perpetuate it, and the role of the US dollar going forward;
Chapter 2: Nobody’s right when everybody’s wrong develops our contention that all fiat currencies today have become derivatives of the US dollar;
Chapter 3: May you live in interesting times explores the extent to which emerging markets can decouple from “consumer” economies and the role of China as the litmus test for the thesis;
Chapter 4: The report of my death was an exaggeration details our contention the world has had its fill of “financial innovation”, and the only way the US economy will recover will be through its traditional strengths in agriculture, manufacturing, invention, and hard work; and
Chapter 5: Passing laws, just because offers our assessment of the anthropogenic global warming debate and pending legislation.
The remaining chapters will also be posted on this site as they become available.
Source: Emerging Trends Report
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