Anatomy Of Froth – Demystifying The Global Financial Crisis And Lessons For Indian Investors

FOR IMMEDIATE RELEASE
Mumabi, Maharashtra, India, Republic of (Free-Press-Release.com) December 9, 2010 --

Mumbai, 09 December, 2010 – The 2008 Global Financial Crisis that shook the world is still fresh among the minds of people whilst the economies around the world gradually look to recover. Whether it was loss of equity or real estate, salary downgrades, outright job loss or dipping business, the crisis affected everyone, everywhere. Yet the understanding of rudimentary questions of ‘What’ and ‘Who’ caused the crisis and how it was or is being dealt with have largely been confined to the higher echelons of economists and intellectuals. So what about those common people who bore the brunt of the impact and saw their lives take drastic turns as a result of the crisis?
Is it not in the interest of everyone to understand the reasons behind the global financial crisis and lessons to prevent such a crisis in future?
It is indeed. And precisely with this intention Swapnil Pawar, Chief Investment Officer at Karvy Private Wealth has authored the Anatomy of Froth – Demystifying the Global Financial Crisis and Lessons to Learn.

In Anatomy of Froth, Swapnil provides first of its kind analysis on the global financial crisis from an Indian perspective for an Indian audience. The reader is taken through a compelling narrative on the background of the crisis, the fire-fighting measures adopted out by different governments and the recovery.
“The common person has come to understand the crisis only in terms of its tangible impact on home and workplace and through pop-speaks such as ‘sub-prime mortgages’ and ‘credit-default-swaps’,” said Swapnil, Author, Anatomy of Froth. “In this book I have attempted to demystify the crisis for the common person and make the reader a participant in discussions regarding our collective future.”

Speaking on the launch of the book, Mr. Hrishikesh Parandekar, CEO, Karvy Private Wealth said “Swapnil has the uncanny ability to present the most complex things in the simplest of ways. The book is the Indian investors guide to the Global Financial Crisis and how we could learn from it to safeguard ourselves in the future.”
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To put in perspective the crisis for a common person, the book includes a story towards the end – an account of the happenings similar to the financial crisis in the fictitious town of Magrathea. This is an attempt to bring clarity to the reader on the broad themes to summarize the book without the potentially confusing details.
KEY POINTS FROM THE BOOK:
• The book attempts to explain the real root causes of the crisis. Apart from sub-prime lending, the loose monetary policy of the US Federal Reserve and the undervalued Chinese currency resulted in the crisis.

• The book highlights that global economic imbalances and loose monetary policies have continued till date, as exemplified by the recent turn of events in Ireland and Greece; and threaten to sow the seeds for the next big crisis
• The book takes a forward looking view of the world around us in analyzing the effects of the crisis.
Published by Lead Start Publishing in association with Karvy Private Wealth, the book is available across all leading book stores in India.
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About the Author:

Swapnil Pawar is the Chief Investment Officer of Karvy Private Wealth and is responsible for defining the overall investment strategy of the company. A graduate from Indian Institute Technology Bombay in Aerospace Engineering, Swapnil holds a post-graduate degree from the Indian Institute of Management Ahmedabad. Swapnil comes with a rich experience in the financial services industry and prior to joining Karvy Group; he co-founded PARK Financial Advisors, a wealth management venture. In the initial years of his career, Swapnil also worked with Boston Consulting Group. With keen interest in macroeconomics, science fiction and cosmology, Swapnil is an avid reader. A frequent traveler, Swapnil lives in Mumbai with his wife Chhavi, whom he met during his tenure at IIM-A.
Swapnil regularly writes his views on various matters including economic and finance on www.swapnilpawar.com

2008 crisis     Anatomy of Froth     Global Financial crisis     guide     Hrishikesh Parandekar     Karvy Private Wealth     subprime crisis     Swapnil Pawar