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Download The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse Audiobook

Extended Audio Sample The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse, by Mohamed A. El-Erian Click for printable size audiobook cover
0 out of 50 out of 50 out of 50 out of 50 out of 5 0.00 (0 ratings) (rate this audio book) Author: Mohamed A. El-Erian Narrator: Dan Woren Publisher: Penguin Random House Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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Dr. Mohamed A. El-Erian, one of the world’s most influential economic thinkers, has written a road map to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis.

Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder.

In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy hand off, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis.

The future is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger.

A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future

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Quotes & Awards

  • “This is a must-read from one of the most astute financial analysts of our time.”

    Walter Isaacson, #1 New York Times bestselling author

  • “What better moment could there be for a book subtitled ‘Central Banks, Instability, and Avoiding the Next Collapse’? And who better to write it than Mohamed El-Erian?”

    Financial Times (London)

  • “There is no better interpreter than Mohamed El-Erian…[for this] excellent primer [and] a guide on what to expect as the world struggles to cope with slower, less equal growth.”

    Time

  • “A warning on the Federal Reserve’s limits…For those who consider Washington politicians incapable of acting effectively, [El-Erian’s] diagnosis is chilling.”

    New York Times

  • “A complex look at the future of the world’s financial systems needs a steady voice to help listeners make sense of the intricate connections between banks and governments. Dan Woren is a capable narrator. His style is direct and measured, and his crisp diction makes long sentences easy to follow. These qualities increase the likelihood of the listener keeping up with the expansive ideas of one of the brightest economic minds of our times.”

    AudioFile

  • A New York Times Bestseller
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