Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy
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Outrageous Fortunes: The Twelve Surprising Trends That Will Reshape the Global Economy

3.2 of 5 stars 3.20  ·  rating details  ·  60 ratings  ·  14 reviews
A Harvard-trained economist's startling predictions reveal critical challenges in the decades ahead, helping individuals, businesses, and governments to make smarter decisions

As individuals, companies, and countries struggle to recover from the economic crisis, many are narrowly focused on forecasts for the next week, month, or quarter. Yet they should be asking what the...more
Hardcover, 272 pages
Published January 18th 2011 by Times Books (first published January 4th 2011)
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Jennifer (JC-S)
‘At any one moment, there are innumerable possibilities for the state of the global economy.’

Economic predictions are difficult: there’s plenty of data that seems relevant (such as rates of unemployment and inflation and movements on the various world stock markets). But most of these numbers relate to the past and while they may give some indication of likely trends in the immediate future these metrics won’t necessarily tell us much about the long term – either for a particular country or for...more
Shaun
I found this book thought-provoking. It's a nice piece of thought leadership, although I don't necessarily agree with all of his trends. Here they are in a nutshell:

Part 1: Limits
1. China will get richer and then it will get poorer again.
2. The European Union will disintegrate as an economic entity.

Part 2: Obstacles
3. The new colonialism will leave the colonizers and the colonized worse off in the long term.
4. Changing immigration policies in rich countries will worsen the brain drain from poor...more
Joseph
the book talks about some interesting and worthwhile what-if scenarios

(1) will China emerge as the next leading power? (2) will EU disintegrate?
(3) colonization (4) immigration policies (5) capitalism (6) world's sales force (7) globalization and the middleman role (8) collapse of WTO (9) lifestyle hubs (10) financial black market (11) global warming (12) structure of current political system

Predicting the future is a difficult, if not impossible task. However, these questions remain interesting...more
Lucy Chronicles
The book is not revolutionary for those of us who read and subscribe to contrarian finance and thinking. However, it was worth the contextual, succinct global picture shaping the next 20+ years.

Main agreements: globalization will continue; there will be lifestyle hubs in parts of the world drawing international peoples; financial markets will become more automated with centers shifting off of Wall Street; aging demographics play a significant roll in the future of Western countries along w immig...more
Vinny
I am always interested in big-picture trends. I figure people that write these books will have some insight into trends; maybe they are good or maybe not; nobody will be perfect. I don't read/listen uncritically. This book was "ok." I didn't finish listening to it all (book on CD), it wasn't that interesting; I got maybe halfway through and said "eh."
Kathy Nealen
What are the long term trends that will affect the global economy and the countries within it? Altman proposes twelve trends but notes that any focus or attention on them could affect whether or not they actually occur. (I wonder if that is what fortune tellers say when you go to see them?) One trend that interested me was that "A new set of lifestyle hubs will replace today's business hubs". This trend suggests that many professional telecommuting people will re-locate from their native country...more
Ariadna73
I liked the way is structured showing the limits; obstacles; opportunities and risks of the current financial panorama. In short; the most important thing to remember here is that it is good to be rich because they are going to get richer. It is good to study not to do anything at all; but to be a middleman; because middlemen are the ones who are going to get all the monies. The WTO will no longer have power; mainly because it is of no use to its creators any more. And finally; the author propos...more
Jon
Was not a big fan book was disconnected hard to follow
AmblingBooks
"Amid all the handwringing on the downward trajectory of the global economy comes this cool, collected, and sensible view of forthcoming economic trends�Altman delivers more than mere analysis or foreshadowing: this is revelatory reading for even the most casual observer of economics, and an invaluable tool for reconsidering how the world makes money." � Publishers Weekly (starred review)

Listen to Outrageous Fortunes on your iPhone, desktop, or smartphone.
Dean
NYU Professor, Daniel Altman offers up 12 'surprising' trends that will reshape the global economy in mostly, very easy to understand hypothesis and rationalization. A good portion of his 12 trends shouldn't surprise folk accustomed to reading newspapers and following global trends on a regular basis - but there a few interesting angles that provided food for thought. Altman frames his narrative in a very sound and coherent manner that will mostly appeal to the layperson, but an overall interest...more
On Point
Listen to Daniel Altman on his "Outrageous Fortunes" here: http://bit.ly/i5wIbH

Everybody’s still worried about America’s economic future, and millions of Americans are living an untenable economic life right now. Unemployed. Under-employed. Watching savings, homes, benefits, dreams all drift away.

Altman explains what’s to come for the U.S. economy and what will decide the future of our economic standing and health. He parses out the deep trends pushing the global economy now.

BLACK CAT
Interesting, near-future opinions about economics and ecology, population, politics...
Xiangyu
China will get richer, and then it will get poorer again? Why?
Phil
Great playbook for following stock market sport
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Daniel Altman is an American-born author, journalist and economist. His
latest book, Connected: 24 Hours in the Global Economy, was published
in May 2007 by Farrar, Straus and Giroux. He is also the author of Neoconomy:
George Bush's Revolutionary Gamble With America's Future, which was
published by PublicAffairs in 2004.

Altman began his career as an academic economist with a doctorate from
Harv...more
More about Daniel Altman...
Connected: 24 Hours in the Global Economy Neoconomy: George Bush's Revolutionary Gamble with America's Future SABOTAGE: How the Republican Party Crippled America's Economic Recovery 24 Stunden: Wie Die Globale Wirtschaft Funktioniert Futuros Imperfectos

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