Riassunto:
Offers massive evidence that today's stock market is overvalued and is subjecting investors to the highest financial risk in history. Shows that extreme values of q preceded every major market top of the 20th century, and tells how to prepare investment portfolios against catastrophic losses, as well as how to track q to determine when to get back into the stock market. Smithers is founder of a company that provides asset allocation advice to fund management companies, and he is also a newspaper columnist. Wright spent several years with the Bank of England and now teaches and conducts research at Cambridge University. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Informazioni sugli autori:
Andrew Smithers is founder of Smithers & Co., which provides economics-based asset allocation advice to 70 of the world's largest fund management companies in London, New York, Boston, and Tokyo. He is a columnist for London's Evening Standard and the Tokyo Nikkei Kinnyu ShimbUn Market Eye, and is regularly quoted in the New York Times, Barron's, Forbes, The Economist, The Independent, and the Financial Times.
Stephen Wright Studies economics at Cambridge University, where he won the Adam Smith Prize and achieved the highest First Class degree of his year. He spent several years as Chief Economic Forecaster with the Bank of England, where he headed macroeconomic forecasting and the maintenance and development of the bank's quarterly model of the UK economy. He currently is on the Faculty of Economics and Politics at Cambridge University. His work, along with Mr. Smither's, has been cited in the New York Times, Barron's, Forbes, The Economist, and the Financial Times.
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