Endgame: The End of the Best Supercycle and How It Changes Everything

We all know we have seen the end of an era, and now we have courtside seats to watch the Endgame unfold. We are watching the end of Act I: The Debt Supercycle. Now we will get to see how Act II: The Endgame plays out.--John Mauldin & Jonathan Tepper (Chapter 1) Hundreds of books have been written about the financial crisis that engulfed the world after Lehman Brothers went bankrupt. But what if the bigger financial crisis is ahead of us, not behind us? As John Mauldin and Jonathan Tepper deftly illustrate in this controversial audio book, the crisis was more than a half-century in the making. The Great Financial Crisis, however, was merely Act I. Act II has now begun. The massive household deleveraging and historic shift of private debt onto government balance sheets now underway all over the world represents the end of a sixty-year global Debt Supercycle. We have now entered the Endgame, a time when bankruptcies and defaults (disguised as restructuring) will not be of households and companies but of governments. The stakes are now higher. The coming crises will offer policymakers few good choices and many bad ones. It will require extraordinary clarity and courage from leaders, courage that so far is largely completely lacking. Yet, despite the authors' dark forecast, the message in Endgame is not all gloom and doom. The book lays out positive steps governments can take to weather the worst of the stormy days ahead, minimize the inevitable pain and discomfort most of us can expect to experience, and chart a bold new course to sustained economic growth and prosperity. It also offers investors an abundance of useful analysis and expert advice on how to protect their assets during the worst of it and prosper from the many new opportunities that will emerge globally as they present themselves. In Part 2, the authors take listeners on a country-by-country tour--including the United States, UK, European countries, and Japan--clearly explaining the problems each country faces, as well as the good and bad policy options open to each, and the investment pitfalls and opportunities likely to be found in each national economy. Whether you call it the Great Recession, the Great Financial Crisis, or the Global Debt Crisis, what we are experiencing is unlike anything seen in eighty years. Now is not the time to succumb to panic and superstition. It is a time for courage and intelligent decision making informed by the brand of rational analysis and wisdom you'll find in Endgame.

About the Author :
Coming soon... Sean Pratt, a working actor for over twenty-five years, has performed at numerous regional theaters around the country. He is the author of To Be or Wanna Be, and he has recorded over seven hundred books in just about every genre, earning eight AudioFile Earphones Awards and four Audie Award nominations. Lloyd James (a.k.a. Sean Pratt) has been narrating since 1996 and has recorded over six hundred audiobooks. He is a seven-time winner of the AudioFile Earphones Award and has twice been a finalist for the prestigious Audie Award. His critically acclaimed performances include Elvis in the Morning by William F. Buckley Jr. and Searching for Bobby Fischer by Fred Waitzkin, among others. Jonathan Tepper is coauthor of The Myth of Capitalism: Monopolies and the Death of Competition and the New York Times bestseller Endgame: The End of the Debt Supercycle, a book on the sovereign debt crisis. Jonathan is chairman of Variant Perception, a macroeconomic research group that caters to asset managers. Jonathan is a Rhodes Scholar. Since leaving Oxford, he has worked as an equity analyst at SAC Capital and as a Vice President in proprietary trading at Bank of America. Jonathan earned a BA with Highest Honors in History and Economics from the University of North Carolina at Chapel Hill and an MLitt in Modern History from Oxford University.

Review :
"I read everything John Mauldin writes. He travels the world and shares his financial stories like a good friend sharing a drink. Mauldin is that rarity--a skeptical optimist--who calls 'em straight and rewards his clients and fans." -- "Rich Karlgaard, publisher and columnist, Forbes magazine" "No one has thought more creatively about the economy. Mauldin's weekly newsletter is a must-read and his book is even more important if you want to understand a rapidly changing world." -- "Newt Gingrich, former Speaker of the House of Representatives" "Successful investors explore all possibilities. You should read this book so you can succeed in case the Endgame is our future." -- "Jim Rogers, author of A Gift to My Children" "This is an extremely powerful, sobering, well written and highly accessible book. It will demonstrate to you why there are no painless solutions to the mounting debt problems around the world--something that too many people are yet to realize. It will take you on a well-documented journey through the debt super cycle, making stops around the world and at critical junctures. And it is a must-read for anyone wishing to understand the global debt dynamics and ways to protect against its bad consequences." -- "Mohamed A. El-Erian, CEO, PIMCO; author of When Markets Collide"