The Only Game in Town by Mohamed A. El-Erian audiobook

The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

By Mohamed A. El-Erian
Read by Dan Woren

Random House Audio
9.26 Hours 1
Format : Digital Download (In Stock)
  • $20.00
    or 1 Credit

    ISBN: 9781524709280

    $12.99 With Membership: Learn More

NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide “The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”—Time  Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder. In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future.

Learn More
Membership Details
  • Only $12.99/month gets you 1 Credit/month
  • Cancel anytime
  • Hate a book? Then we do too, and we'll exchange it.
See how it works in 15 seconds

Summary

Summary

A New York Times Bestseller

NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide “The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”—Time  Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder. In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future.

Editorial Reviews

Editorial Reviews

“This is a must-read from one of the most astute financial analysts of our time.” Walter Isaacson, #1 New York Times bestselling author
“What better moment could there be for a book subtitled ‘Central Banks, Instability, and Avoiding the Next Collapse’? And who better to write it than Mohamed El-Erian?” Financial Times (London)
“There is no better interpreter than Mohamed El-Erian…[for this] excellent primer [and] a guide on what to expect as the world struggles to cope with slower, less equal growth.” Time
“A warning on the Federal Reserve’s limits…For those who consider Washington politicians incapable of acting effectively, [El-Erian’s] diagnosis is chilling.” New York Times
“A complex look at the future of the world’s financial systems needs a steady voice to help listeners make sense of the intricate connections between banks and governments. Dan Woren is a capable narrator. His style is direct and measured, and his crisp diction makes long sentences easy to follow. These qualities increase the likelihood of the listener keeping up with the expansive ideas of one of the brightest economic minds of our times.” AudioFile

Reviews

Reviews

Author

Author Bio: Mohamed A. El-Erian

Author Bio: Mohamed A. El-Erian

Mohamed A. El-Erian has been on Foreign Policy’s list of Top 100 Global Thinkers for four consecutive years and was named by that journal as one of the 500 most powerful people on the planet. He was the chair of President Obama’s Global Development Council and chief economic advisor at Allianz, the corporate parent of PIMCO where he was previously the CEO and co-CIO. He is a contributing editor at the Financial Times and a Bloomberg columnist. Earlier in his career, he served as deputy director at the International Monetary Fund, managing director at Salomon Smith Barney, and president and CEO of the Harvard Management Company.

Titles by Author

Details

Details

Available Formats : Digital Download
Category: Nonfiction/Business & Economics
Runtime: 9.26
Audience: Adult
Language: English