Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Book Idea: Endgame: The End of the Debt Supercycle and how it Changes Everything
Old 09-29-2011, 06:50 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
Join Date: Jan 2008
Location: Chicagoland
Posts: 10,663
Book Idea: Endgame: The End of the Debt Supercycle and how it Changes Everything

One of the best things about retiring is I get to read far more now.

I finished this book this evening and I thought it was excellent. If you want to hold on to the pollyanna notion that the US and the rest of the Western world can continue massive deficit spending and ignoring future liabilities or that just raising taxes (on "somebody else") is a painless fix, don't read this book.

If you're interested in economics and investing (this book is not meant to be political, though the connection is inescapable) like I am, I think you would enjoy this read. It was just published, so it's very current, IE there is a chapter titled 'Why Greece Matters.' While it's about macro economics, the authors go to great lengths to write so the layperson can understand it all - their use of analogies is excellent.

The first half is broadly about how the western world got into this fix over the last 60 years. The second half is chapters on what the specific problems and solutions are for the US, Europe, eastern Europe, Japan, the UK and Australia. There are no good options, just lesser evils.

Attached Images
File Type: jpg Endgame-Mauldin-John-F-9781118004579.jpg (26.3 KB, 43 views)
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


All times are GMT -6. The time now is 08:25 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.