Global Shocks

Nicholas P. Sargen is an international economist turned global money manager. He has been involved in international financial markets since the early 1970s, when he began his career at the U.S. Treasury and the Federal Reserve. He subsequently worked on Wall Street for 25 years, holding senior positions with Morgan Guaranty Trust, Salomon Brothers Inc., Prudential Insurance and J.P. Morgan Private Bank. In 2003 he became Chief Investment Officer for the Western & Southern Financial Group and its affiliate, Fort Washington Investment Advisors Inc, where he now serves as Chief Economist. Sargen has written extensively on international financial markets, and he currently produces a blog Real-time Financial Thoughts on his website, where his views are updated. He appeared frequently on business television programs throughout his career on Wall Street, and was a regular panelist on Louis Rukeyser's Wall Street Week. He was born and raised in the San Francisco Bay Area, and received a PhD in Economics from Stanford University. He is also an adjunct professor at the University of Virginia's Darden School of Business.

1. Overview: A Framework for Investing During Currency Crises and Asset Bubbles.- 2. Bretton Woods' Collapse Alters the World of Investing.- 3. Oil Shocks Generate Massive Payments Imbalances.- 4. Anti-Inflation Policies: Intended and Unintended Consequences.- 5. Policy Coordination Gives Way to Conflict and Turmoil.- 6. Speculators Attack the Concept of European Monetary Union.- 7. Japan's Bubble Culminates in Two Decades of Deflation.- 8. Asia's Real Estate Boom Spawns Global Contagion.- 9. The Tech Bubble: Some Lessons for Rational Investors.- 10. The Global Financial Crisis: No Place for Investors to Hide.- 11. China's Economic Miracle: Is It the Next Bubble?.- 12. Conclusion: Guidelines for Investing During Crises.