You gotta love this guy....

Nobody gives you the 10.000ft kinda view like  Satyajit Das on the economic calamities of the day. I can highly recommend his books and particularly his interviews like this one from the podcast from the disciplined investor.

Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis

I'm reading currently Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis from Anatole Kaletsky which is the KAL in GaveKal. They have written a couple of paperbacks throughout the years and I found every single one at least stimulating, forcing you to think again, reconsider some of your held beliefs, reassess some of your views..... .

Being a research boutique run by european economists based in Hong Kong guarantees you unique insights, interpretations and views. Their analysis are far from the fastfood quality we find at each corner these days, which makes for an interesting read.

Do I agree with most of their view? No, but to find someone that adds a fresh perspective into your framework is more then worth the read.

Capitalism 4.0 falls into that same category and lives up to my expectations.

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One of my favorites is Jesus: The Unknown Economist which looks at the work of Jesus Christ through the lense of an economist.

The Great Reflation: How Investors Can Profit From the New World of Money

I've just finished The Great Reflation: How Investors Can Profit From the New World of Money which provides a nice summary of the current precarious situation.

The book has been praised by Mark Faber and John Mauldin which I found tempting that you find an Inflationist and a Deflationist endorsing the same book. Tony Boeckh known from his work at the BANK CREDIT ANALYST spins the story around his major theme of the CREDIT SUPERCYCLE which makes it a complete compendium.

I enjoyed the reading....

This time is different pt.II

If you like to learn more about "this time is different" (pls see last post) then I highly recommend this podcast/ audio interview with Carmen Reinhart (one of the authors).

Here she for instance sheds more light on inflation (....follows 5 yrs after...:2012), or Capital inflow bonanzas among other things....

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Carmen Reinhart of the University of Maryland talks with EconTalk host Russ Roberts about the ideas in her book This Time is Different: Eight Centuries of Financial Folly (co-authored with Kenneth Rogoff). They discuss the role of capital inflows in financial crises, the challenges of learning the right lessons, and what is generally true about financial crises over time and place. Reinhart applies these observations to the current crisis, discusses the possibility of the U.S. defaulting on its sovereign debt, and discusses the possibility of financial reforms that might make a difference.

This time is different

Carmen Reinhart and Kenneth Rogoff (Harvard): This Time is different (The Book) or just the earlier Paper is a must read for anyone concerned about the current environment.

They go statistically through 800 yrs of financial history and their findings are rather sobering. It's a quick and easy read which you couldn't expect from the subject.

The key takeaway from their unique work is that it would be different this time if the worst were behind us. We'd be smarter than all generations before us and had truly reached some stage of Nirvana where Politicians and Central Bankers have reached their peak right on time to save us from the biggest financial global intertwined train wreck in history. If you believe this is the case that you can continue believing this new generation of NEW DEALERS around the world.

If not.....read the book and think for yourself....

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This is what Niall Ferguson had to say about it

This is quite simply the best empirical investigation of financial crises ever published. Covering hundreds of years and bringing together a dizzying array of data, Reinhart and Rogoff have made a truly heroic contribution to financial history. This single marvelous volume is worth a thousand mathematical models.
(Niall Ferguson, author of "The Ascent of Money: A Financial History of the World")