Additional Praise for The Great Refl ation
“Tony Boeckh is a fi rst-rate investment intellect whose work I have read for
years, and his thoughts on the crisis are well-worth reading and contemplating.”
—Barton M. Biggs, managing partner, Traxis Partners;
Author, Hedgehogging and Wealth, War, and Wisdom
“The Great Refl ation is part history, part theory, part textbook and part
prophecy—lucid, persuasive and a good read. The title says it all. There
was the 1930s Great Depression and the 1970-80s Great Infl ation, but never
before has a great recession been averted by an unprecedented great refl ation.
Nobody knows and history can’t tell us what the upshot will be; there are no
road maps. Instead, Tony Boeckh tells us what signposts to look for. It will
have a place on my shelves and I expect many others.”
—Brian Reading, founder of Lombard Street Research
World Service, former adviser to UK Treasury
and to the governor of the Bank of England
“Tony pioneered the concept of the debt Supercycle in the 1970s and his
The Great Refl ation has proven that he is the ultimate macro thinker. This book
is a must read for all investors who strive for fi nancial success in an extremely
risky world.”
—Chen Zhao, chief global strategist and managing editor,
Bank Credit Analyst Research Group
“Tony Boeckh, long time Editor and Publisher of the prestigious Bank
Credit Analyst, has called on all of the experience of a brilliant analytical
and forecasting career to write The Great Refl ation. Weaving together today’s
unprecedented and complex economic, monetary, and investment conditions,
Tony lays out the uncomfortable truths that investors must understand
and deal with in order to protect capital and invest profi tably in the years
ahead. The Great Refl ation is imperative reading for all serious investors and
businesspeople.”
—Eldon Mayer, former CEO and CIO of Lynch & Mayer, Inc.;
New York-based institutional asset manager
“Few people know as much as Tony Boeckh does about the relationships
between the economies and the fi nancial markets. In his book, he gives us a
much-needed road map on how to invest given the tremendous convulsions
we are going through. It is a must read for every investor.”
—Charles Gave, chairman, GaveKal Research