This is a thoughtful guided tour of recent financial history. The viewpoint is built around correlations, linkages between deals, markets and asset-classes. I had noticed these on a daily basis and thought them important, but hadn't seen a focused explanation such as this. This book addresses various general investment types and portfolios, showing how the idea of diversification can be an illusion. Oil and commodities fluctuations over the last few decades are one big focus, in the USA and relatedly in emerging markets. But this book is a big-picture overview of the global economy, linkages across its regions and parts, finance innovations, shocks and adjustments over recent times, through 2010, with well-thought considerations for the future. I had seen many of these terms before but always enjoy a new lucid explanation and walk-through with its own angles and nuances. I would put this in my "top 5" of financial books, out of dozens read lately. The downloadable graphs and charts are readily understandable and well-integrated with the text.
I found this a great accompaniment to an all-online financial accounting class, because it fills in what the class and textbook lacked: a nice conversational sort of overview of how all the parts fit together.
I was using this as a refresher and update to my general knowledge, for my personal use. This touches on all questions I had. The pointers sometimes extend even to costs of various alternatives. There are suggestions of when lawyer assistance is more imperative, or less. It is nice to have the somewhat greater distance than is found in some seminars where the presenter is imperceptably moving into a sales pitch.
The presenters seem not to be professional narrators. They talk fast, and I found a slow setting better for listening. Also, there are occasional plugs for their website. However, these were not obtrusive, and stood beside lots of good solid information.
The standard disclaimer is, there is no substitute on any legal matter for consulting with a trusted lawyer. But this is a great introduction for anyone.