Escape from Balance Sheet Recession and the QE Trap - A Hazardous Road for the World Economy

While "The Holy Grail" was written to warn the American and European readers about the upcoming balance sheet recessions, this book aims to warn the readers in the US, UK and Japan about the upcoming dangers of QE trap, which is an unfortunate by-product of balance sheet recessions. This book also spends nearly eighty pages on Euro problems from the perspective of balance sheet recession. Although the previous book was read by all key policy makers in the US, ranging from Summers to Bernanke, and was put to good use, Europeans are still very much in the dark as far as this concept and its implications are concerned. As a result, they are repeating every mistake Japan made during the last two decades. This book also offers a practical solution to the Euro problem, which some authors such as Martin Wolf of FT have found interesting. On Japan, it talks about Abenomics which the author is invariably involved, and on China, the book introduces a very different historical perspective as to why the country faces the problems it faces and argues that western commentators have forgotten their own history when they were at the same stage of economic development as China is today. This new way of thinking has gotten quite a bit of attention among policy thinkers in China.