How Investors Can Profit In A Radically Changing Global Economy
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Stephen Leeb is a World-Renowned Economist, Money Manager & New York Times Best Selling Author. As the founder of Leeb Capital Management in Manhattan, New York, for more than 45 years he has been guiding investors via newsletters, books, blogs, and appearances on financial news networks including CNN, Fox Business News, NPR and Bloomberg TV. Leeb has written nine books on macroeconomic trends, finance, and investing, including the New York Times business bestseller The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel. Leeb's earlier book Defying the Market, which predicted the dot.com bubble's collapse, was named one of the best business books of 1999 by the Library Journal. His book Red Alert has been called “a much-needed shot in the arm for American complacency” by Publishers Weekly. Red Alert was awarded the 2012 Axiom Business Book Awards silver medal in the International Business/Globalization category. Leeb is Head of the Advisory Board of Leor Exploration & Production LLC and Electrum USA Ltd., along with billionaire Thomas Kaplan. Both companies explore for natural resources, especially precious metals and energy. In 2007 Leor sold assets to Canadian-based Encana for over $2.5 billion. He is also a board member and managing director of the PlainSight Group, an innovation company centered at Yale University. Leeb accurately predicted $100-a-barrel oil, the Dow's secular rise above 4000, the collapse of the dot.com bubble, and the current bull market in precious and industrial metals. In Defying the Market, published in 1999, he also predicted the inadequacy of computers for solving the major challenges of the subsequent decade, in particular resource scarcity. In The Coming Economic Collapse, published in 2006, Leeb wrote that a decline in nominal home prices would be “the vicious circle to end all vicious circles. It would be a far greater challenge than rescuing the economy in the wake of the tech bubble... It would take massive amounts of money. Interest rates would likely fall to zero. Government spending would need to reach unimaginably high levels.” Because of the potential consequences Leeb argued the Fed would prefer inflation rather than trying to cool an economy already stung by deflationary effects of high oil. In his subsequent book Red Alert, Leeb acknowledged he had been wrong to assume that the Federal Reserve "had the situation under control" and would "do whatever it took to assure that prices remained on an even keel." Leeb's book Red Alert argues that the Chinese understand the issue of resource scarcity much better than the West and as a result of their accumulation of vital resources may leave the West in a nearly untenable position within the next decade Leeb is bullish on the price of gold. On King World News, he stated that "China, as I’ve repeatedly outlined, loves gold, is accumulating gold, and is proceeding with long-term initiatives, including a new monetary system, that will elevate gold in furtherance of China’s own interests". In his latest book, China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World, published in 2020, Leeb chronicles and analyzes the global events, fluctuations in international currencies, market forces and economic trends which he predicts will result in a meteoric rise in the gold market.