́This enjoyable, fast-moving book is concise, relevant, and perceptive. My bottom line is a simple one: This book should be read by all those interested in the way markets operate, be they investors, analysts, or policy makers. ́ From the Foreword by Mohamed A. El-Erian , CEO and co-CIO of PIMCO, and author of When Markets Collide ́This book is a must-read for anyone concerned about how we can avoid recurring debt-induced busts in the years ahead, or anyone who wonders how to invest if (when!) the crisis returns. Authers ́ insights on the global financial crisis are profound. ́ Robert D. Arnott , Chairman, Research Affiliates, LLC, and author of The Fundamental Index: A Better Way to Invest ́This book illustrates the dangers to investors who fail to recognize that global asset markets have become more synchronized over time. In a crowded field of works on the financial crisis, Authers ́ work is unique in both its insight and style. ́ Robert R. Johnson , Ph.D., CFA, Senior Managing Director of the CFA Institute ́John Authers has combined his journalistically honed FT skills with great insights. Serious investors and policymakers should read this book. ́ David R. Kotok , Chairman and Chief Investment Officer of Cumberland Advisors ́John masterfully drives a stake through the myth of global economic decoupling one chapter and example at a time. A must-read in today ́s economy. ́ Vitaliy Katsenelson , Director of Research at Investment Management Associates, Inc, author of Active Value Investing: Making Money in Range-Bound Markets Are we barreling toward another massive global financial catastrophe? How can so many bubbles form all at once? Why are so many ́disconnected ́ markets now capable of collapsing in unison? In this remarkably readable book, award-winning Financial Times columnist John Authers takes on these critical questions and offers deeply sobering answers. Authers reveals how the first truly global super bubble was inflated--and might now be inflating again. He illuminates the multiple roots of repeated financial crises: a massive shift in investing power from individuals to big institutions; the migration of key decisions from banks to capital markets; the wholesale financialization of many asset classes; and fundamental failures of both theory and policy. The Fearful Rise of Markets presents a truly global view, avoiding oversimplifications and ideology as it outlines how we got here and where we stand. Even more valuable, it offers realis...