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The 3 Simple Rules of Investing by George Peacock, Carol Fabbri, Kwok L. Tsui, Michael Edesess

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EPILOGUE

The Invisible Squeeze

By Michael Edesess and George Peacock

Since the global financial crisis (GFC) of 2007-2009, the world has become increasingly aware of two major problems. The first is the danger of systemic financial risk and breakdown. Due to the complexity and interconnectedness of the global financial system, a sudden domino-like series of failures seems possible at any time. The second problem is the justifiable concern over the financial industry’s concentrated political influence, achieved through contributions to political candidates, the revolving door between the financial industry and government positions, easy access to officeholders, and money spent for media campaigns. The simple advice that we recommend to you in ...

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