Home » The Fall of the Euro: Reinventing the Eurozone and the Future of Global Investing by Jens Nordvig

The Fall of the Euro: Reinventing the Eurozone and the Future of Global Investing

Jens Nordvig

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Kindle Edition
289 pages
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 About the Book 

From Jens Nordvig--named the #1 currency strategist in the 2013 Institutional Investor survey What does the crisis in the Eurozone mean for our markets--and how can you protect your portfolio against crises in Europe?Little has been written about theMoreFrom Jens Nordvig--named the #1 currency strategist in the 2013 Institutional Investor survey What does the crisis in the Eurozone mean for our markets--and how can you protect your portfolio against crises in Europe?Little has been written about the instability of the Euro, but its a very real threat to investors worldwide, as well as to the global economy. Swings in global asset markets have been increasingly driven by developments in Europe. This is something new: in the past, Europe was one of the most stable parts of the global economy, and its typically minor economic fluctuations would have little bearing on US equity markets.Now, Europes economic and political developments will be a persistent source of shocks for global financial markets.As an investor, you need a roadmap. This book is that roadmap.The Fall of the Euro describes the Eurozones unstable equilibrium and explains why a breakup of the Eurozone is still a possibility.Nomuras global head of currency strategy and one of the worlds top experts on the Euro, Jens Nordvig gives us a detailed and fascinating explanation of this precarious situation, providing the information, insight, and authoritative analysis you need to make the wisest investment decisions possible.A riveting analysis of one of the most important currencies in the world--certainly the most unstable of the major currencies--The Fall of the Euro covers: The history of the Euro--and how it differs from other global currencies The problematic origins of the Euro--which is grounded more in politics than economics How politics will affect the next crisis in the Eurozone--and what we can do about it What-if scenarios of Eurozone breakup possibilities--with insights that will surprise youThe original version of the Euro was not resilient enough to survive a major crisis. European policymakers are attempting to construct a new version of the currency, but its specific form remains highly uncertain. Will it be a hard currency? Will it be a soft currency? Or will it break up?If the path ahead involves a disorderly breakup of the Eurozone, the instability to come will be much more intense than what we have seen to date.Go beyond the rhetoric of the politicians and the journalists who write about them and get a financial experts assessment of the real issues at hand. Jens Nordvig explains the state of the Euros present position in the global economy with levels of objectivity and expertise you will find nowhere else.The Fall of the Euro gives you the critical information you need to prepare your investments before the next crisis in the Eurozone--which is, in Nordvigs view, inevitable.Praise for The Fall of the EuroNordvig brings a keen insight into markets and economics that he ably combines with a brisk, no-nonsense narrative. This is essential reading for market players, investors, and prognosticators of the future of the eurozone. -- Richard Clarida, C. Lowell Harriss Professor of Economics and International Affairs, Columbia University- Global Strategic Advisor, PimcoJens Nordvigs book artfully combines a master economists framework, a seasoned market participants advice, an historians far-reaching perspective, and a European citizens passionate case for an open discussion of the way forward for the worlds largest economic bloc. -- Scott Bessent, Chief Investment Officer, Soros Fund Management LLCJens Nordvig was one of the first to analyze the economic, legal, and political consequences of the euro splitting asunder. Whether or not you share his pessimism about the future of the euro project, Nordvigs guide to the crisis is a compelling and essential read. -- Gavyn Davies, Chairman of Fulcrum Asset Management LLP, former Goldman Sachs Chief EconomistIn this bold, highly readable book, Jens Nordvig beautifully highlights the tensions between the politics and the economics that are at the heart of the euro crisis. A must read for anyone who cares about the future of Europe. -- Anil Kashyap, Edward Eagle Brown Professor of Economics and Finance, University of Chicago Booth School of BusinessI learned much from The Fall of the Euro and I thoroughly recommend it. -- Simon Wolfson, CEO of Next plc and sponsor of the Wolfson Economics PrizeNeeds to be read by all those demanding brave policy from Europes timid elite. -- Tom Keene, Editor at Large, Bloomberg Television & Radio- Host of Bloomberg Surveillance