Book Bits | 12.8.12

Do You Need a Financial Adviser?
By Mark Nind
Summary via publisher, Memoir Publishing
While most financial advisers offer a valuable service to their clients, many people have stories about those who failed to understand their needs or were ignorant of useful products or important legislation. Yet blundering on without seeking the right advice can prove extremely costly. Mark Nind has worked in financial services for most of his working life and has seen the perils and pitfalls of investment planning from the points of view of the bank, the independent adviser and the customer. In this book he explains the financial adviser’s role clearly and objectively and gives valuable tips about when you should seek advice about what to do with your money, where you should go for it and how you should use


The Janus Factor: Trend Follower’s Guide to Market Dialectics
By Gary Edwin Anderson
Summary via publisher, Bloomberg/Wiley
The Janus Factor presents an innovative theory that describes how feedback loops determine market behavior. The book clearly shows how the theory can be applied to make trading more profitable. The metaphor of the two-faced god Janus is used to reflect alternating market environments, one dominated by trend followers and the other by contrarian bargain hunters. In this book, author Gary Anderson puts forth a systematic view of how positive and negative feedback drive capital flows in the stock market and how those flows tend to favor either sector leaders or sector laggards at different times.
Lawless Capitalism: The Subprime Crisis and the Case for an Economic Rule of Law
By Steven A. Ramirez
Summary via publisher, NYU Press
The subprime mortgage crisis has been blamed on many: the Bush Administration, Bernie Madoff, the financial industry, overzealous housing developers. Yet little scrutiny has been placed on the American legal system as a whole, even though parts of that system, such as the laws that regulate high-risk lending, have been dissected to bits and pieces. In this innovative and exhaustive study, Steven A. Ramirez posits that the subprime mortgage crisis, as well as the global macroeconomic catastrophe it spawned, is traceable to a gross failure of law.
After the Great Recession: The Struggle for Economic Recovery and Growth
Edited by Barry Cynamon, Steven Fazzari, Mark Setterfield
Summary via publisher, Cambridge University Press
The severity of the Great Recession and the subsequent stagnation caught many economists by surprise. But a group of Keynesian scholars warned for some years that strong forces were leading the U.S. toward a deep, persistent downturn. This book collects essays about these events from prominent macroeconomists who developed a perspective that predicted the broad outline and many specific aspects of the crisis. From this point of view, the recovery of employment and revival of strong growth requires more than short-term monetary easing and temporary fiscal stimulus. Economists and policy makers need to explore how the process of demand formation failed after 2007, and where demand will come from going forward. Successive chapters address the sources and dynamics of demand, the distribution and growth of wages, the structure of finance, and challenges from globalization, and inform recommendations for monetary and fiscal policies to achieve a more efficient and equitable society.
The Global Economic Crisis and the Future of Migration: Issues and Prospects: What will migration look like in 2045?
By Bimal Ghosh
Summary via publisher, Palgrave Macmillan
A ground-breaking and sharply insightful book revealing the wide-ranging effects of the global economic crisis, the Arab Spring and the ongoing rebalancing of the world economy on international migration and its configuration. It debunks ‘the business as usual’ approach to the future challenge of migration and argues for a new approach to the issue. Following a critical discussion of the recession-led changes in migration patterns, practices and policies, the book depicts in some detail the changing landscape of South–North and South–South migration and presages how migration might look in 2045. In addition to presenting a carefully crafted set of policy prescriptions and practical measures to address the post-recession migration issues, the author shows how nations can turn the present crisis into an opportunity to lay an enduring basis for better management of human mobility and puts forward a bold proposal indicating exactly how this can be done.