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Descripción de editorial
Imagine seven years ago, you found yourself in the worst financial position you'd ever been in, and on the verge of bankruptcy. Imagine too that today, despite everything you'd done to try and fix the problem, it had only gotten worse.
How would you feel? Angry, confused, concerned? Maybe a combination of all three?
The above statement explains the shock the global economy itself went through when the Global Financial Crisis (GFC) hit – as well as what has happened in the several years since the greatest crash in most of our lifetimes.
This book is not a traditional economics textbook per se, but it is about the economy, and the world that you live and work in. It explains why the GFC hit in the first place, tracking imbalances in the global economy that built up over decades. It also looks at the unresolved challenges we still face, why the economy is still in such bad shape, and the futile and dangerous path we are headed down.
Most importantly, this book is about your money, explaining how individuals can both protect and build wealth in this most difficult of economic environments.
Whilst the book covers economic issues and challenges that are common to the entire developed world, there is also a special focus on Australia in parts, and the difficult path ahead for those in "the Lucky Country".