Global Shocks
Markets are unpredictable, but your strategy doesn’t have to be. This revised and expanded edition of Global Shocks equips individual investors with a practical framework for navigating financial crises and market shocks. Written from a practitioner’s perspective, it offers clear guidance and real-world insights to help you protect and grow your portfolio when volatility strikes.
Through 12 compelling case studies—from the collapse of Bretton Woods to the COVID pandemic and recent trade tensions—you’ll learn how crises unfold, how policymakers respond, and how investors can position for resilience and opportunity. Explore patterns in interest and exchange rates, understand the difference between currency crises and asset bubbles, and discover strategies to limit losses and capitalize on recovery.
Timely lessons. Actionable strategies. A must-read for anyone investing in uncertain times.
Nicholas P. Sargen is an international economist turned global money manager. He has been involved in international financial markets since the early 1970s, when he began his career at the U.S. Treasury and the Federal Reserve Bank of San Francisco. He subsequently worked on Wall Street for 25 years, holding senior positions with Morgan Guaranty Trust (VP- International Economics Department), Salomon Brothers Inc. (Director of Bond Market Research), Prudential Insurance (CIO for Global Fixed Income Advisors) and J.P. Morgan Private Bank (Chief Investment Strategist). In 2003 he became Chief Investment Officer for the Western & Southern Financial Group and its affiliate, Fort Washington Investment Advisors Inc. Nick subsequently served as Chief Economist from 2014 until 2019. He currently is an economic consultant to Fort Washington.
Sargen has written extensively on international financial markets. He has authored three books: Global Shocks, Investing in the Trump Era, and JPMorgan’s Fall and Revival, all published by Palgrave Macmillan. Sargen is also a regular contributor to The Hill and Forbes.com. He appeared frequently on business television programs throughout his career on Wall Street, and was a regular panelist on Louis Rukeyser’s Wall Street Week. He was born and raised in the San Francisco Bay Area, and received a BA in Economics from the University of California, Berkeley, and an MA and PhD in Economics from Stanford University. He is also affiliated with the University of Virginia’s Darden School of Business.
