Publisher's Synopsis
Praise for THE ERA of UNCERTAINTY "François Trahan is an insightful observer and student of market forces. His research has identified key drivers of stock market performance over decades in various cycles of inflation, credit growth, and economic developments. In his new book, François tries to sort out and explain for market participants the dynamics that brought us to this point and what he sees as the future path of economic and market developments. It is an essential read for anyone participating in or interested in the stock market." — ROBERT SOROS, Deputy Chairman, Soros Fund Management "François consistently sets a high bar for strategists and thought leaders in the markets, and I can safely say he′s done it yet again with this book. Always insightful and willing to challenge the ′stale′ thinking of the establishment on The Street, François′s thoughts and analysis are appropriate for anyone who cares not only about markets, but the future of our world." — JEFF deGRAFF, Chairman, Renaissance Macro Research, LLC " The Era of Uncertainty is terrific. It challenges conventional Wall Street wisdom, gives investors the necessary tools to successfully navigate the new world order, and has policy prescriptions to get the U.S. economy on the right track." — CONSUELO MACK, Anchor and Managing Editor, Consuelo Mack WealthTrack "Valuation is not everything. An important lesson from the global financial crisis is that macro matters. In The Era of Uncertainty , François Trahan and Katharine Krantz show how macroeconomic analysis can be incorporated into the investment process and provide a road map for investing in the difficult times ahead." — EDWARD CHANCELLOR, author of Devil Take the Hindmost: A History of Financial Speculation and member of the asset allocation team, GMO LLC