Bonds Are Not Forever

<b>An up-close look at the fixed income market and what lies ahead</b> <p>Interweaving compelling, and often amusing, anecdotes from author Simon Lack’s distinguished thirty-year career as a professional investor with hard economic data, this engaging book skillfully reveals why <i>Bonds Are Not Forever</i>. Along the way, it provides investors with a coherent framework for understanding the future of the fixed income markets and, more importantly, answering the question, “Where should I invest tomorrow?”</p> <p><i>Bonds Are Not Forever</i> chronicles the steady decline in interest rates from their peak in the 1980s and the concurrent drop in inflation during that period. Lack explains how those two factors spurred a dramatic growth in borrowing among both governments and individuals. Along the way, Lack describes how a financial industry meant to provide capital needed to drive productivity and economic growth became disconnected from Main Street and explores the grave economic, social, and political consequences of that disconnect.</p> <ul> <li>Provides practical solutions for avoiding the risk of falling bond markets and guaranteed negative real returns on savings</li> <li>Explains how the bursting of the real estate bubble in 2007–2008 led to massive borrowing by governments as they attempted to offset a sharp fall in economic activity</li> <li>Details how the trends of exploding debt and a financial sector that has grown much bigger than it needs to be have dramatically changed the game for savers</li> </ul> <p>Offering a uniquely intimate, yet analytically thorough look at the coming fixed income crisis, <i>Bonds Are Not Forever</i> is must reading for investment professionals, as well as retail investors and their advisors.</p>