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benrogerswpg's review
4.0
Pop Them Balloons!
This was an amazing book that covers a wide range of economic and political concepts that are highly relevant in our current era.
I appreciate the author's approach, which is both well-researched and well-written. In my opinion, this book is a major improvement over similar books, such as Ray Dalio's [b:Principles For Dealing With the Changing World Order: Why Nations Succeed and Fail|52962238|Principles For Dealing With the Changing World Order Why Nations Succeed and Fail|Ray Dalio|https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/books/1630251271l/52962238._SY75_.jpg|79387945], because it gets so much right when it comes to foreign policy, China, and Russia relations, and other major political items.
What sets this book apart is its accurate predictions and accounts of what is going on in around the world. The author doesn't shy away from touchy subjects and is refreshingly honest and open about them. I found the book's analysis of financial crises, such as the 2008 crisis, and the economics of the war in Russia to be particularly insightful.
The book also provides a great summary of how COVID has changed the financial landscape.
Overall, I highly recommend this to anyone who wants to better understand the complex economic and political challenges facing our world today.
In a way, this book predicted the fall of China/USA relations we have seen lately with the chip sector, spy balloons, wolf warrior deplomacy, and, of course, the scare tactics in the South China Sea. I am very impressed by Roubini's words.
I believe that the author's approach is both engaging and informative, and the book is definitely worth reading.
4.7/5
This was an amazing book that covers a wide range of economic and political concepts that are highly relevant in our current era.
I appreciate the author's approach, which is both well-researched and well-written. In my opinion, this book is a major improvement over similar books, such as Ray Dalio's [b:Principles For Dealing With the Changing World Order: Why Nations Succeed and Fail|52962238|Principles For Dealing With the Changing World Order Why Nations Succeed and Fail|Ray Dalio|https://i.gr-assets.com/images/S/compressed.photo.goodreads.com/books/1630251271l/52962238._SY75_.jpg|79387945], because it gets so much right when it comes to foreign policy, China, and Russia relations, and other major political items.
What sets this book apart is its accurate predictions and accounts of what is going on in around the world. The author doesn't shy away from touchy subjects and is refreshingly honest and open about them. I found the book's analysis of financial crises, such as the 2008 crisis, and the economics of the war in Russia to be particularly insightful.
The book also provides a great summary of how COVID has changed the financial landscape.
Overall, I highly recommend this to anyone who wants to better understand the complex economic and political challenges facing our world today.
In a way, this book predicted the fall of China/USA relations we have seen lately with the chip sector, spy balloons, wolf warrior deplomacy, and, of course, the scare tactics in the South China Sea. I am very impressed by Roubini's words.
I believe that the author's approach is both engaging and informative, and the book is definitely worth reading.
4.7/5
viveknshah's review
3.0
Hooter: An Op-ed converted into a book on key risks that could lead to the next Financial crisis
Nouriel is racing against time to in a way state the obvious but also consolidate the focus on the types of risk we deal with as a world today that could/would directly impact the financial system. Whether it is war conflict like Russia-Ukraine, the climate change all over or the probability of recurring pandemics are one side of the story. He also looks back at anecdotal history with respect to fiscal policies around the world and how cheap debt has always fueled a economic balloon waiting to burst.
He does put in a reality check that stand alone , each of the risks can be absorbed by society but a combination of them could play havoc with our world. You'd say stating the obvious Mr. Doomsday but as an economist, this book articulates his thoughts and perspectives from his experience in this space. Is there research highlighted in the book for his theories? Nope! and hence I like to call this an extended op-ed on what he thinks are items top of his mind that can precipitate the next financial crisis.
The current layoffs in the Tech industry provide an ominous sign to the near future he foretells. Then again the thing with being consistently pessimistic in a cyclical industry is that you will be right at some point.
Nouriel is racing against time to in a way state the obvious but also consolidate the focus on the types of risk we deal with as a world today that could/would directly impact the financial system. Whether it is war conflict like Russia-Ukraine, the climate change all over or the probability of recurring pandemics are one side of the story. He also looks back at anecdotal history with respect to fiscal policies around the world and how cheap debt has always fueled a economic balloon waiting to burst.
He does put in a reality check that stand alone , each of the risks can be absorbed by society but a combination of them could play havoc with our world. You'd say stating the obvious Mr. Doomsday but as an economist, this book articulates his thoughts and perspectives from his experience in this space. Is there research highlighted in the book for his theories? Nope! and hence I like to call this an extended op-ed on what he thinks are items top of his mind that can precipitate the next financial crisis.
The current layoffs in the Tech industry provide an ominous sign to the near future he foretells. Then again the thing with being consistently pessimistic in a cyclical industry is that you will be right at some point.
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