The Great Reflation
Book

The Great Reflation

How Investors Can Profit From the New World of Money

Anthony Boeckh
Wiley, 2010
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Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

You don’t expect to find snippets of Goethe’s poetry or Taoist philosophy in a book on personal investing. Financial editor Anthony Boeckh brings his 40 years of market experience, as well as insights from the wisdom of the ages, to bear as he explains how to prepare for potential unprecedented economic shocks over the next several years. The billions the U.S. government is spending to prop up the economy will have consequences – intended or not – that will force investors to manage their portfolios more actively. Boeckh offers a historical perspective on current events. He identifies market and political signals to heed, discusses what they might portend and suggests ways to position your money appropriately. getAbstract recommends his commonsense approach to investors who are trying to make sense of what the economic upheaval means for their fiscal futures. Seek the harmony of the Tao as you flow with the financial changes to come.

Summary

“Financial Instability”

The U.S. government’s unprecedented response to the Great Recession of 2008-2009 – putting hundreds of billions of dollars into bailouts, stimulus spending and tax credits – succeeded in averting another Great Depression. However, questions remain about the effects of such massive spending on the American economy’s long-term prospects. All the money sloshing around in the system bodes ill, because it could create inflation and because it evokes the bubbles of the past few decades. Excess money led to the tech boom, the increase in home prices, the rise of derivatives and the growth in commodity costs.

Though America’s government has proven that it can halt a self-reinforcing meltdown by throwing money at the problem, it hasn’t been able to ensure a steady, progressive economy. Clearly, the “Great Reflation” means eventual instability, since huge public and private debt, a shaky world economy and a suspect dollar all point to possible disaster. Only wise and, perhaps, painful economic and political decisions in the next few years can place the U.S. on a more stable path. As an investor during and beyond this time horizon, you must closely...

About the Author

For 35 years, Anthony Boeckh chaired BCA Publications and edited “The Bank Credit Analyst.” He co-manages Boeckh Investments, co-authors “The Boeckh Investment Letter” and co-wrote The Stock Market and Inflation.

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