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"Read and pay attention" (Martin Wolf, the Financial Times): the bestselling author of Crisis Economics argues we are heading toward the worst economic catastrophe of our lifetimes, unless we can defend against ten terrifying threats.
Renowned economist Nouriel Roubini was nicknamed โDr. Doom,โ until his prediction of the 2008 housing crisis and Great Recession came true--when it was too late. Now he is back with a much scarier prediction, o
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Book ID Asin: 031628405X
Book Title: MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them
Book Author: Nouriel Roubini
Book Format and Price:
Book Format Name: Kindle
Book Format Price: $14.99
Book Format Name: Audiobook
Book Format Price: $0.00
Book Format Name: Hardcover
Book Format Price: $25.24
Book Format Name: Paperback
Book Format Price: $19.99
Book Price: $25.24
Book Category: Books, Business & Money, Economics and unknown
Book Rating: 359 ratings
MegaThreats: Ten Dangerous Trends That Imperil Our Future, And How to Survive Them by Nouriel Roubini Book Review
Name: Joaquin Montes
Rating: 5.0 out of 5 stars
Title: The discussion we all should be engaged in.
Date: Reviewed in the United States on January 24, 2023
Review: What an economist should do, for being useful to a society? Warn against the danger of particular policy's paths. This is what Roubini is doing in this book. Perhaps Dr. Doom is perceived as pessimistic, but if you think so, think again: adaptation to climatic change shall have a cost, and we are not yet counting it (perhaps Roubini is not the most expert on climatic change, but the call on the need to consider the costs is valuable and timely). Central banks can't increase interest rates as to follow and even surpass inflation, like in 70s, because we are in a new world of high indebtedness. So on and so forth about the other eight mega-threats. Roubini's perspective is that we, mankind, can solve all of them, but in order to solve them, we have to take action since now. I, personally, believe that the 10 mega-threats are well selected and the warnings are very useful at this stage of the policy discussion. The media should be discussing them, and you should be ready to enter in this discussion.
Name: Michael M.
Rating: 4.0 out of 5 stars
Title: Short on viable solutions
Date: Reviewed in the United States on November 7, 2022
Review: While much of the book is a rehash of history, Mr Roubini was certainly on the mark with respect to excessive monetary expansion and debt during the Trump years. Commentators in 2022 prefer to blame all of the economyโs ills on Biden (Trump now ancient, forgotten history). Trumpโs handpicked Fed chairman eventually succumbed to Trumpโs browbeating for unlimited QE and Powell delivered in 2020 buying up lots of private junk debt while Secretary Munchin was handing out hundreds of billions to political favorites with no audits.
Roubini like others spends a great deal of time on future costs of the aging American population. All of those unfunded benefits combined with rapacious corporate greed in the form of pharmaceutical companies, hospital and nursing home chains, truly create staggering future debts.
What is to be done? Slashing medical spending would certainly put a lot of people out of work and crater stock prices of companies now engaged in extortion.
Then there are the human costs resulting from an effort to shrink spending on the old and sick. I have always believed individuals should have the right to die through assisted suicide, but the religious warriors would prevent that from ever happening. These well known groups would seize this issue for shameless political exploitation by the religious. Think of the prospects for fundraising!
Since most of those on the right appear to be going over the edge in their quest to destroy democracy, perhaps many of these activists would start a campaign for a โbig guvmintโ solution drawing on the historical precedents? The same people who would reject an individualโs right to choose death over a slow painful decline would probably accept more draconian methods of eliminating the old and the sick?
Name: MW
Rating: 5.0 out of 5 stars
Title: Must read!!
Date: Reviewed in the United States on January 25, 2023
Review: If you care for yourโs and your childrenโs future, you must buy and read this book. We are literally like a bunch of idiots arguing who get to seat at head table on deck while the ship has already hit the iceberg.
This book is well researched and reasoned. He does not try to frighten anyone but present the facts with impeccable logic. These mega sized threats are truly unprecedented in human history and frightening. Highly, highly recommended. A must read.
Name: Cliente de Kindle
Rating: 5.0 out of 5 stars
Title: A likely scenario
Date: Reviewed in the United States on January 21, 2023
Review: This book should be read by anyone interested in the survival of our species. Not all the threats mentioned in this book may be as pressing as the author states, but still they are looming over the world, and we'd better plan ahead.
Name: Roger L. Cooke
Rating: 4.0 out of 5 stars
Title: A sober look at the coming apocalypse
Date: Reviewed in the United States on November 6, 2022
Review: I'm pleased to report that, while Roubini expects a great deal of Tribulation, he does not expect it to be preceded by a Rapture or followed by a Millennium. In other words, nothing is going to save us if we don't learn to cooperate with the rest of the world and save ourselves. Roubini assembles the ominous signs of trouble ahead in a number of areas. This is the way he warned, Cassandra-like, about the real estate bubble that burst 15 years ago. He sees a way the world might avoid the various catastrophes, but he is realistic enough to think the world probably won't avoid them. His final word is, "It's going to be a bumpy ride through a long and very dark night."
Name: Michael J. Chu
Rating: 5.0 out of 5 stars
Title: Essential reading
Date: Reviewed in the United States on November 29, 2022
Review: I have followed Roubini since before the GFC, and this book was a must-read for me. Although he has broadly gone through the main themes in his various interviews on Bloomberg and other outlets, I found this book valuable in helping me to understand the thinking behind these themes, and importantly, his view on where the world may end up. Although some may find this book too pessimistic, I think he unabashedly lays out the world as it is, without any sugar-coating. Not exactly cozy bedside reading, but a highly important, relevant and timely read to quickly understand the threats we face, the reasons why we are heading towards them, and how to should position ourselves in the face of them. An indispensable read!
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