In Light of Yesterday takes the reader on a journey to better understand the events that have shaped the global economy, by exploring pivotal events in the US, Europe, Japan, China and Latin America. What was the impact of the decision to leave the gold standard? How did soaring interest rates in the US trigger the Latin American debt crisis in the 1980s? Why did Japan’s central bank continue to fuel one of the most epic real estate bubbles of all time?
How did NAFTA wreck Mexico’s currency in 1994? How may the unique policy decisions enacted following the Great Recession of 2008 impact the economy in years to come? Brady Raanes covers a wide array of behind-the-scene events in an entertaining and enlightening way. The stories within are more than interesting antidotes; they also offer valuable insight into how current events can shape the future in unanticipated ways. In Light of Yesterday is a must-read for anyone wishing to gain a deeper understanding of today’s global economic landscape, and provides insight into the question, “What can be done today, in light of yesterday, to prepare for tomorrow?”