Summary of The Shadow Market

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The Shadow Market book summary
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Rating

7 Overall

7 Importance

7 Innovation

7 Style

Recommendation

Journalist Eric J. Weiner exposes the hidden, underreported group of countries and specialized national funds – “the shadow market” – that exerts a huge influence on global and American financial markets, and, indirectly, on US foreign policy. His interpretation of economic forces underpins his case that the US should prepare to play a diminished role in the global economy of the future. He does present a disturbing scenario: Massive public debt held by foreign entities renders the US vulnerable to economic and political manipulation. Weiner clearly believes the US’s future will be very different from its past, but his sometimes hyperbolic tone gives the book a veering-on-xenophobic cast. Nonetheless, getAbstract considers his book an absorbing read for those interested in the new economic factors challenging America’s position in the world.

In this summary, you will learn

  • How “the shadow market” uses economic clout for political gain,
  • Why the US’s heavy debt load decreases its global influence, and
  • Why the shadow market is shifting economic and political power eastward.
 

About the Author

Barron’s and Kiplinger’s named Eric J. Weiner’s first book, What Goes Up, one of the best books of 2005. Formerly with Dow Jones Newswires, he has written for The Wall Street Journal, The Los Angeles Times and The Boston Globe.

 

Summary

What’s Really Going On
Before the 2008 recession began, the US was the world’s economic powerhouse. But as the recession took hold, decimating businesses and draining the capital markets, the US economy desperately needed more cash. In late 2008, the George W. Bush administration sent ...

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