Investing in the Age of Sovereign Defaults : How to Preserve Your Wealth in the Coming Crisis

by Treadway, Peter T.; Wong, Michael C. S.

• ISBN13: 9781118247211
• ISBN10: 1118247213
• Format: Hardcover
• Copyright: 2013-03-19
• Publisher: Wiley

Summary

Acclaimed investment experts Peter Treadway and Michael Wong explain how to protect your investments-and even profit-from the coming sovereign default crises A major sovereign default crisis is looming for the so-called developed economies of the world. The result will be a major redistribution of economic wealth and an overhaul of the international financial system on an epic scale. Investing in the Age of Sovereign Defaults: How to Preserve your Wealth in the Coming Crisis explains what lies ahead, and offers invaluable suggestions to help investors avoid massive losses. A major sovereign default crisis is looming for the so-called developed economies of the world. The result will be a major redistribution of economic wealth and an overhaul of the international financial system on an epic scale. Investing in the Age of Sovereign Defaults: How to Preserve your Wealth in the Coming Crisis explains what lies ahead, and offers invaluable suggestions to help investors avoid massive losses. Explains why the West is headed for a major default crisis and how investors can protect themselves Contends that the value of gold will continue to rise and that sooner or later government debt, including that of the U.S. and Japan, will be shunned Written by investment experts Peter Treadway and Michael Wong The days of the economic status quo are coming to an end. Investing in the Age of Sovereign Defaults shows investors what's coming and what investors must do if they want to escape unscathed.

Author Biography

DR. PETER T. TREADWAY is an independent consultant and money manager. He is currently principal of Historical Analytics LLC, a consulting/investment management firm dedicated to global portfolio management. From 1965–2000, Treadway had a distinguished career on Wall Street and with major American financial institutions. He was ranked as an "all star" analyst eleven times by Institutional Investor. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University, and a BA in English from Fordham University in New York.

DR. MICHAEL C. S. WONG is the founding President of CTRISKS, a credit rating agency and risk-consulting firm based in the Greater China region, and an Associate Professor of Finance at the City University of Hong Kong. Dr. Wong is the Hong Kong Regional Director of the Global Association of Risk Professionals and was a founding member of the FRM Committee of the association from 1998–2002. Prior to his career in academia and consulting, he was involved in investment banking. Dr. Wong graduated from the University of Cambridge, University of Essex, and the Chinese University of Hong Kong.

Table of Contents

Acknowledgments

Preface

Chapter 1
Democracies’ Fatal Attraction of Populism

Chapter 2
The Sorry Fiscal State of the Advanced Countries

Chapter 3
A Diversion to India and China

Chapter 4
The International Monetary System – in Desperate Need of Repair

Chapter 5
The Road to Worthless Paper Money

Chapter 6
An Overall Assessment of the Current Investing Scene

Chapter 7
Investment Survival in the Age of Defaults

Appendix A
A Quantitative Approach to Sovereign Risk Assessment

About the Author

About the Contributor

Index