How to prepare for financial chaos--论文代写范文精选

51Due论文代写网精选essay代写范文：“ How to prepare for financial chaos” 由于低利率的影响,今天的投资者亲眼见证了史上最长的股票牛市。在英国和美国,失业率回落到正常的水平,而工资也在上涨。不过一位经济学家认为，经济复苏是假的,有些事情比2008年更糟糕。尽管量化宽松政策暂时挽救了银行和资产,但它使金融体系面临一个更大的崩溃。这篇金融essay代写范文讨论的是关于如何应对金融混乱。如何保护自己?投资才能生存。如果金融体系开始瓦解，就需要关注流动资产,包括现金。风险在于政府可能实施资本管制,以阻止这样做。简而言之,对现金的战争将迫使你思考很多问题。

Thanks to low interest rates, quantitative easing (QE) and the bank bail-outs, today’s investors have witnessed one of the longest equity bull markets ever. If you had bought the S&P 500 in March 2009 and sold this summer, you would have more than tripled your money. Those buying the FTSE 100 would have seen their investment nearly double over the same period. In both the UK and the US, unemployment is back down to “normal” levels, while “real” (after-inflation) wages are rising.

But have we grown too complacent? Regular MoneyWeek contributor and wealth manager Tim Price certainly thinks so. His new book explains exactly why he thinks the recovery is fake and why something even worse than 2008 lies ahead. The War on Cash: How to Survive Financial Martial Law is split into three sections. The opening chunk argues that, while QE temporarily saved the banks and boosted asset prices, it did so at the expense of creating a mountain of debt, making the financial system vulnerable to an even bigger crash.


The second part of the book looks at how this could unfold. Price sees governments resorting to ever more desperate measures, including negative interest rates (already set by central banks across most of Europe, with some Swiss banks even charging negative rates on deposits) and competitive devaluations – currency wars – to keep things going. However, this will only delay the crash. In fact, by pushing asset prices so high, the authorities may simply ensure that the fall in Britain, US and Europe is even more spectacular than it would otherwise have been.

So how can you protect yourself? This is where the last section comes in. Price advocates a “cockroach” strategy – investing to survive. This means a focus on liquid assets, including cash, which can be easily accessed if the financial system starts to break down. The risk is that the government may implement various forms of capital controls to thwart this – for example, the Bank of England’s chief economist Andy Haldane recently suggested it might be “efficient” to abolish physical currency.

Price’s arguments are provocative, and they’re not ones you’re likely to have read in more mainstream financial sources. But they are no idle musings – he backs his case with relentless logic and plenty of charts and data. He also has a knack for finding anecdotes that sum up market lunacy – such as the tale of a recent attempt to list a Yeti-hunting company in the US. Indeed, despite the grim topic matter, it’s often very entertaining.

In short, The War on Cash will force you to question much of the conventional market wisdom – and it is short and punchy enough to get through in a single sitting. While you may not agree with all of Price’s analysis, as an investor, it is certainly worth understanding what a worst-case scenario might hold.(论文代写)

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