There are crashes and then there are Crashes. But what turns an ordinary
downturn into an era-defining crisis? What makes the difference between
an event like the Wall Street Crash of 1929 and a brief bear market?
The answer lies in financial exuberance: speculative mania that appears
to be making everyone rich, only to end up making everyone much, much
worse off.
Historian and professional investor Alasdair Nairn predicted both the
dotcom and subprime collapses, and in this compelling new book shares
the evidence that we are living through such a period of deadly excess
right now.
Markets appear to be going up and up, but they have got perilously ahead
of themselves. Danger lies in every single investable asset class. What
some have called the 'Everything Bubble' has inflated to unprecedented
proportions.
And now the bubble is about to burst.
Nairn lays bare the level of danger with unprecedented detail and pieces
together the steps that brought us to the precipice. Lastly, he points
out options open to those willing to act now to avoid future harm to
their wealth.
As we near the end of the Everything Bubble, don't be one of those
caught out!