Code Red

Praise for Code RedCode Red brilliantly exposes the myth that the unconventional policies that global central banks have pursued since the financial crisis ended will ultimately be successful in generating the holy grail of escape velocity they so desperately seek. With history on their side, Mauldin and Tepper provide layers of evidence proving that the Code Red monetary policies will more than likely end up creating a cycle of inflation that few are braced for. The economic and financial sands are shifting under our feet as a result of the unprecedented global monetary experiment aimed at bailing out debtors at the expense of savers. The good news is that Mauldin and Tepper don't merely identify the symptom; they also have come up with solutions for retail investors, portfolio managers, and professional traders as to how to prepare for this transition, from the prior years of deflation to the current reflation to what comes next, which is inflation.--David Rosenberg, Chief Economist and Strategist, Gluskin Sheff + Associates Inc.Central bank policies impact many aspects of our economic life. Mauldin and Tepper pull back the curtain and explain in clear and simple language what central bankers are actually doing and why.--Mohamed A. El-Erian, CEO, PIMCOAfter reading the highly entertaining and informative Code Red, I can assure you that neither Jonathan Tepper nor John Mauldin will ever be appointed to be Federal Reserve Board of Governors. This is why this book is so valuable and why you should read it.--Marc Faber, Marc Faber Ltd.John Mauldin has a golden Rolodex, and he uses it to share insights from the investing greats of our time.--Barry L. Ritholtz, Chief Investment Officer, Ritholtz Wealth ManagementA thought-provoking and enjoyable read. Cheap money may not be the root of all evil, but it certainly has responsibility for a considerable part of our current ills. This book offers a timely warning on the 'no way back' dimension of much of the activity central bankers are promoting. We passed the last exit to Brooklyn long ago, especially in Japan, where, as the authors make clear, a most dangerous experiment is being conducted with likely consequences that most policymakers are not able even to comprehend, let alone foresee. In a world where getting through to tomorrow is the watchword, this book may not help the reader sleep better at night, but it will prepare him or her better for the world that is to come the day after tomorrow.--Edward Hugh, independent economist, blogger, and contributor of A Fistful of EurosWhen you seek strength, you read the Holy Bible. When you want entertainment, you go to Broadway. When you want to learn about the economic big picture, you read John Mauldin--one of the most connected, important, informed, and intelligent market mavens on the Street today. And, he's genuinely a nice guy.--Rich Yamarone, Chief Economist, BloombergJonathan Tepper and John Mauldin analyze the current 'monetary arms race' and its likely disastrous conclusion.--Christopher Wood, Chief Equity Strategist, CLSA