(MENAFNEditorial)
New York USA / In his new book Print: The Central Bankers Bubble former strategy consultant Lindsay David argues that while central banks around the world have been printing trillions and driving interest rates down to feed the fiscal heroin (capital gain) addiction of investors more retirees than ever have been forced onto government pension plans—and this has increased the debt profile of many governments. When alternatively retirees as a group could have been an asset to many highly leveraged governments if interest rates had been higher.
David states that 'while the global economy has struggled to find its feet since the GFC the value of assets across the globe have increased significantly relative to worldwide working wages. This has forced society to invest more but receive less in income. Hence the world is experiencing what can only be described as a dividend crunch.' David's research suggests that this investment frenzy on the back of ailing economic trajectories has been fuelled by multiple central banks unwillingness to accept that printing money does not solve structural problems.
With history having an excellent track record of repeating itself David illustrates how Europe's political and monetary elite have learned nothing from the mistakes Japan made over a quarter century ago. And behind Europe is the United States which he argues 'still has a chance of avoiding the road to Japanese prosperity if the Federal Reserve immediately raises interest rates and adopts a cyclic monetary policy.
Furthermore David illustrates how countries in the Asia-Pacific region alongside Canada and Brazil will experience a very harsh economic downturn once the world truly realises that the China growth story was nothing but a credit fuelled spending spree where an economic disaster will be the final outcome. 'On the back-end you have Europe adopting a similar economic policy Japan adopted following the crash of their credit-fuelled property market. On the front-end you have many nations across the Asia-Pacific region that have adopted the same economic model that got Japan into a mess in the first place. And central bankers have been fuelling the fire with record-low interest rates.’
Print: The Central Bankers Bubble is now available on Amazon in Paperback and Ebook format.
To contact Lindsay David please email lindsaydavidbooks@gmail.com
About Lindsay David:
Lindsay David a co-founder of clean technology company GreenRigCo and a former strategy & business development consultant. Lindsay holds an MBA from IMD Business School.
Media Contact:
Lindsay David
+41799485839
lindsaydavidbooks@gmail.com
http://www.amazon.com/Print-Central-Bankers-Lindsay-David-ebook/dp/B00TMHEDBY/ref=sr_1_1?ie=UTF8&qid=1424948097&sr=8-1&keywords=print+the+central+bankers+bubble
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