THE RISE OF CARRY

The Dangerous Consequences Of Volatility Suppression And The New Financial Order Of Decaying Growth And Recurring Crisis.

Why have markets risen and crashed so spectacularly over the past 25 years? Why does the US stock market keep outpacing the growth of the economy? Why are companies obsessively buying their own stocks? And why do traders take every utterance by central banks as the word of God?

The answers lie in the rise of carry trading – and this groundbreaking book connects all the dots, so you can protect yourself from the next financial meltdown.

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An important and unusual book. Critical not just for investors but for all of society.

JEREMY GRANTHAM

Chairman and Co-founder

GMO, LLC. investment firm

Meet the Authors

Tim Lee

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Jamie Lee

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Kevin Coldiron

THE RISE OF CARRY

The Rise of Carry provides the red pill to a system whose grotesque reality will be unmasked through the forces of populism. It isn’t an easy read; the truth rarely is.

HENRY MAXEY

Chief Investment Officer

Ruffer, asset managment firm

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Research & Data

Many of the graphs from the Rise of Carry are recreated in the Federal Reserve Bank of St Louis’ FRED database. Also included are summaries of a variety of academic papers that we’ve found useful in our research.

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A thought-provoking, riveting read that shines much-needed light on an important, but neglected, topic.

STEVE H. HANKE

Professor of Applied Economics

Johns Hopkins University

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