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How to Listen When Markets Speak

Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy

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How to Listen When Markets Speak

Written by: Lawrence G. McDonald, James Patrick Robinson
Narrated by: James Patrick Robinson
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About this listen

A New York Times bestselling author and leading expert on market risk argues that seismic shifts in the global economy will trigger a multi-trillion-dollar migration of wealth, outlining new rules of investing for the forward-thinking.

“I can’t tell you how much I learned from How to Listen When Markets Speak. The historical perspectives and insights are something every investor needs to know. Buy this book.”—Mark Cuban

From Wall Street to the White House, the fantasy of an eventual “return to normal” is still alive and well, nurtured by dangerously outdated theories. But the economic world as we know it—and the rules that govern it—are over. In the coming decade, we’ll witness sustained inflation, a series of sovereign and corporate debt crises, and a thundering of capital out of financial assets into hard assets.

Few are prepared.

Lawrence G. McDonald, founder of the economic research platform The Bear Traps Report, got a real-world education in market risk when, as a Lehman Brothers VP, he watched the firm ignore flashing warning signs before its collapse. His analysis led him to identify twenty-one indicators for gauging the health of an economy and detecting early signals of opportunity and danger.

In How to Listen When Markets Speak, McDonald unveils his unique predictive models, connecting surprising dots between past, present, and future and outlining actionable trading ideas for staying a beat ahead of the markets. Listeners will learn:

• How disastrous Fed policy will collide with an increasingly fragmented geopolitical landscape to keep U.S. inflation near 3-5% for the next decade

• How growing demand for oil and gas, underinvestment in urgently needed energy infrastructure, and cozy Russia-Saudi Arabia relations will lift the base price of energy to historic levels

• Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks, U.S. treasuries, and overcrowded passive investment strategies—how to detect bearish and bullish trends in advance

• How passive investing and the vehicles intended to democratize finance have fueled bubbles and ideological skew by large market participants, leaving millions of 401(k)s and IRAs at risk

• Why America will likely lose its position as a global superpower and holder of the world’s premier reserve currency, and may be forced to slash Social Security, Medicare, and military spending

Rather than merely doomsaying, How to Listen When Markets Speak equips listeners to make sense of our current moment, resist reactionary narratives and baseless analysis, and preserve their wealth in turbulent times. When markets speak, it pays to listen.

*Includes a downloadable PDF of charts and graphs from the book

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2024 Lawrence McDonald and James Robinson (P)2024 Random House Audio
Economics Wall Street Business US Economy Great Recession
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What the critics say

“I can’t tell you how much I learned from How to Listen When Markets Speak. The historical perspectives and insights are something every investor needs to know. Buy this book.”—Mark Cuban, founder of Cost Plus Drugs and longtime Shark Tank investor

“Larry McDonald’s deep knowledge, experience, and insights have been invaluable in shaping my investment strategies, and How to Listen When Markets Speak is no different. It will sit on the edge of my desk, ready to refer back to frequently. I highly recommend it to anyone keen to protect their wealth in tumultuous times.”—Raoul Pal, CEO and co-founder of Real Vision

“As a journalist who is paid to be skeptical, I have been tracking Larry McDonald’s views on markets for many years. His provocative, passionate, and sometimes prophetic insights are always worth pondering, even (or especially) when you disagree—and reading his analysis has often helped me to see the situation more clearly. I don’t always sit in the same camp, but I appreciate his consistent focus on value investing. His latest book offers strong riposte to the tech hype, bull-market euphoria, and wishful thinking about a soft landing—it is thought-provoking work, particularly at a time when the global zeitgeist and order are changing in profound ways.”—Gillian Tett, columnist and editorial board at Financial Times, Provost at King’s College, Cambridge, and author of Anthro-Visio

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Great case for commodities. Long overdue look into positioning one's self for the future.

He didn't expand on the rolling debt default that may happen in the western world. How to navigate it, when or if it happens.

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Great read!

Very informative book that every investor should read! Really brings to light the coming troubles and how to play the market.

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Vital information

I’m a BearTraps subscriber (Larry’s research service) and knew the story from reading the reports over the years. But this book brings an engaging summary of Larry’s work that really put all of the research reports I’ve read from Larry and his team together. My company ValueTrend wealth mgmt has benefited greatly from the insights of Larry’s research service and the insights this book provides. I can’t recommend this book enough. Final words- the narration was excellent and Larry’s writing style is entertaining- this is no dry boring finance book. It’s a page turner (in audio format!).

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Well paced, informative and entertaining

A great review of market trends and where we are today. Definitely the macro information every investor needs.

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