How to Listen When Markets Speak

How to Listen When Markets Speak

Risks, Myths and Investment Opportunities in a Radically Reshaped Economy


'Any investor with skin in the game needs to buy this book.' Niall Ferguson

From the Stock Exchange to Westminster, the fantasy of an eventual 'return to normal' is still alive and well. But the economic world as we know it - and the rules that govern it - are over. And few are prepared.

Here, market risk expert Lawrence McDonald unveils the predictive model he developed in the aftermath of Lehman Brothers’ collapse, outlining actionable trading ideas for a radically reshaped economy. Readers will discover:

  • Why inflation will stay near 3-5% for the next decade
  • Why hard assets and rare minerals like lithium and cobalt will outperform growth stocks and passive investment strategies
  • Why America will likely lose its position as a global superpower and holder of the world's premier reserve currency

Rather than merely doomsaying, How to Listen When Markets Speak equips readers to make sense of our current moment, resist reactionary narratives and baseless analysis and pounce on a new investing playbook.


  • As soon as I finished How to Listen When Markets Speak, I took a long, hard look at my portfolio. Any investor with skin in the game needs to buy this book.
    Niall Ferguson, Harvard historian and author of The Ascent of Money and Doom

About the authors

Lawrence McDonald

Lawrence McDonald is risk consultant to hedge funds, family offices, asset managers and investors across twenty-three countries. One of Wall Street’s most respected financial experts, McDonald has made more than 1,400 media appearances. Previously, he was a vice president of distressed debt and convertible securities trading at Lehman Brothers.
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James Robinson

James Robinson is a co-founder of The Bear Traps Report and the CEO of Robinson Speakers Bureau.
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