Your Macroeconomic Edge: Investing Strategies for the Post-Recession World
Phil travels across the US giving interviews and seminars. One such interview, with Conversation Crossroads, happens tonight at 7pm. Tune in!
“Phil Romero’s trademark, experience combined with scholarship, makes this book important for anyone who wants to think ahead about our problems and approach them in an informed and constructive way.” —George P. Shultz, Secretary of State under President Ronald Reagan
From Amazon Readers...
5.0 out of 5 stars Outstanding Real World Education -- I wish that this book was part of my formal economics education when securing my accounting degree. The author makes economics real and inspirational for academic setting or for personal or professional development.
5.0 out of 5 stars WOW!-- Fabulous book with just the right mix of diagnosis and remedy. Mr. Romero's prescriptions are sound and simple and in the context of his compelling diagnosis of the problem, makes choosing to follow his prescriptions simple.
5.0 out of 5 stars Excellent!! -- I think this book really provides an excellent service, especially for those with little to average background in finance, economics and/or investing and a refresher for those with greater experience. This book will easily give the reader a excellent macro economic historical and present day perspective.
Most "managerial economics" textbooks are thinly disguised microeconomics texts: highly theoretical, too dependent on abstract and unproven assumptions, and simply indigestible by busy, practical-minded executives/readers. Furthermore, such texts leave it up to the reader to apply their lessons so as to gain value from the knowledge, and to reinforce that knowledge through practice.
The "theory of the firm" does not resonate with most corporate executives. But in fact, economic forces drive the context for all our important business decisions: When and how much to expand or contract; which markets to enter and exit; when to raise or lower prices; and how to invest surplus resources (retained earnings for companies and savings for individuals).
This book is an application of economics (both micro and macroeconomics) to one of the central challenges of our age for any citizen in a developed economy: How to invest their resources in a changed economic landscape. It contends that the quarter century from the early 1980s to the late 2000s was a unique historical period, creating an exceptionally benign commercial and investing environment. It will not return once the Great Recession is firmly behind us.