The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse

NEW YORK TIMES BESTSELLER • Dr. Mohamed A. El-Erian, one of the world's most influential economic thinkers and the author of When Markets Collide, has writtena roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis. Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder.
In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choiceswe face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian...