James Galbraith, Chairman Department of Government, University
of Texas "better than Piketty".
Sir Stuart Rose, former Chairman Marks and Spencer "a Tour
Liam Fox, former UK Defence Minister, "impressive and
Toshio Fukui, Former Governor Bank of Japan, "fascinating,
stimulating book! First-class quality."
Peter van Manen Head of Tech at Mclaren (F1) says "opens
Peter Pereira Gray, Wellcome Trust  ;"A delightfully easy
read, a precious gift indeed "
Rohan Bedi, 16 year old student " absolutely loved reading it".
Leslie Sheppard from MIT's Forum for Supply Chain Innovation
"gives us great optimism".
Art Laffer, former Presidential
Economic Advisor "Making economics colorful, intelligible, cool and accessible
to the general public, Pippa has written a winner for one and all."
General Nick Pope CBE, Master of Signals Intelligence, British Ministry of
book was surely written with me in mind! It's a fascinating read. Full of
Thiam, CEO Prudential Plc" provocative ideas and a unique and useful perspective."
Heidi Roizen Operating Partner,
DFJ and Board of DMGT "Dr. Pippa Malmgren's book is a must read,
full of insights into what our 'regular' world can tell us about the future
shape of our economic reality."
Philip Blackwell, former owner
Blackwell's books "This timely book combines an engaging and
accessible style with a fresh lens through which to think about and start
making sense of the fast changing world we live in."
Bob Jenkins, former Bank of England ";One lesson remains to
be relearned since the financial crisis – geopolitical risk. Learn it
Economic signals are everywhere, from magazine covers to grocery
stores to military events. They reveal the story of the world economy. Central
bankers have done their best to conjure forth inflation in the hopes that this
will vanquish deflation but the risk is that our daily lives, and the
sustainability of governments, will be affected by an ongoing battle between
these two forces. There will be important consequences.
Quantitative Easing is now catching people in a vice by pushing
up their cost of living even as their income is still falling. This breaks the
vital social contracts between citizens and their governments and sets in
motion many seemingly unrelated outcomes: social unrest in emerging markets,
the movement of manufacturing and jobs back to the US and the West,
improvements to the value added of emerging market firms, higher food and
energy prices. The rising price, but shrinking size, of a steak, a candy bar
and an apartment not only cause pain at home, they also propel some nations to
deploy their militaries to secure resources and protect their citizens from the
ill effects of inflation and deflation alike. This is already resulting in
military confrontations, incidents and near misses between American, Chinese
and Russian planes, warships and submarines.
The solution is growth and innovation. Luckily, anonymous
individuals are balancing their hubris against the risk of failure and
proceeding to build a more dynamic economy and the new social contracts that
will exist tomorrow. The only question is whether governments are hostile or
hospitable to these efforts. By being alert to the many signals around us
anyone can better navigate through the turbulence to the treasures of the world
economy instead of being continuously overwhelmed and surprised by it.
quotes and background
Dr. Pippa Malmgren has spoken to audiences worldwide about the
ideas in this book:
Institutional Investor voted the
The Economist, excellent...inundated with
GDF Suez University clear and powerful
,relevant and inspiring
GAIM Showstopper status: charisma, intelligence and chutzpah
ability to captivate a room is uncanny.
Urban Land Institute invaluable
Institute of Family Business absolutely
fascinating, spellbinding and breathtaking
HSCB highlight of the day
Linklaters LLP A huge success
wide-ranging, at times controversial, but always engaging and thought
Fund Forum Middle East countless recommendations
Oil Club brilliant and fascinating
New York Observer at
The Economist Buttonwood Conference wrote,
the most important men in banking, mustachioed PIMCO CEO Mohamed El-Erian,
unsmiling Deutsche Bank star Anshu Jain and the slight S&P president Deven
Sharma, were outshined by Philippa Malmgren, a former adviser to George W.
Economists Are Better Forecasters according to the WSJ Link via @WSJ