Publisher's Synopsis
The Economic Fall of the WestQuestion: what is the next economic game changer?Answer: The Death of Wealth.Market guru Clem Chambers dissects the global economy and the state of the financial markets and lays out the evidence for the death of wealth.Financial meltdownThe Death of Wealth flags up the milestones on the route towards impending financial disaster. From the first tentative signs of recovery in the UK and US stock markets at the start of 2012, to the temporary drawing back from the edge of the Fiscal Cliff at the end, the book chronicles the trials and tribulations of the markets throughout the year.Collecting together articles and essays throughout the last twelve months along with extensive new analysis for 2013, The Death of Wealth allows us to look at these tumultuous events collectively and draw a strong conclusion about what the future holds.A tumultuous year for the global economy2012 started with the US economy showing signs of recovery, and European financial markets recovering some of the ground lost during the euro crisis. It ended with Obama's re-election and the deal that delayed the plunge off the fiscal cliff by a few months.In between, the eurozone crisis continued, but none of the affected countries actually left the eurozone; quantitative easing tried to turn things around with the consequences of these "unorthodox" actions yet unknown; and the equity markets after the mid-year correction became strongly bullish.Predicting the economic fall of the westThe Death of Wealth takes you through the events of 2012 month by month, with charts showing the movements of the FTSE 100, the NASDAQ COMPX and the SSE COMPX throughout the year.With an introduction by renowned market commentator and stock tipster Tom Winnifrith and a summary by trading technical analyst Zak Mir, this collection chronicles the rocky road trip the financial systems of the world have been on, and predicts the ultimate destination: the death of wealth as we know it.
