John R. Talbott
Encyclopedia
John R. Talbott is an American finance
expert, author
, commentator, and political analyst. He is well known for having predicted national and international economic crises in the past decade.
in Civil Engineering
from Cornell University
and received an MBA
in Finance from the Anderson School of Business at UCLA. He served on the leveraged buyout
team at Goldman Sachs
during the 1990s and was a visiting scholar at the UCLA business school.
Talbott has written seven books on economics and politics. His first work, Slave Wages, published in 1999, warned of the breakdown in the internet stock craze that came to fruition in 2000-2001. The Coming Crash in the Housing Market: 10 Things You Can Do Now to Protect Your Most Valuable Investments (McGraw-Hill
, 2003), accurately predict the current real estate bubble
and earned him a reputation as "an oracle with a track record". The book was an Amazon.com
and Business Week bestseller, but received a very skeptical review from the Wall Street Journal in 2003. In 2004 Financial Times
Prentice Hall Books
published Talbott’s book Where America Went Wrong: And How To Regain Her Democratic Ideals, which examined the relationship between prosperous economies and democratic institutions. His next book, Sell Now: The End of the Housing Bubble (St. Martin's Griffin, 2006), cemented his status as one of the first financial authors to predict the global banking crisis. It was reviewed by the San Francisco Chronicle
.
His book Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Seven Stories Press
), was completed in early 2008 and published in July of that year, and described the economic policies that would characterize the Obama administration in response to what Talbott believed would be a staggering world economic crisis. It has been reviewed by the Los Angeles Times
, and the New York Times and translated into Japanese and Chinese The Hartford Courant, in an AP
story, described it as a "sleeper hit".
His latest work, Contagion: The Financial Epidemic That Is Sweeping the Global Economy ... and How to Protect Yourself from It (Wiley
, 2008), dissects the possibility of a global recession and the ways in which an individual can protect themselves and their investments.
Talbott’s upcoming book The 86 Biggest Lies on Wall Street will be published in June by Seven Stories Press
in the US and Constable & Robinson
in the UK.
According to Talbott's website, he has also written articles for numerous publications including The New Republic
, The Financial Times, The Wall Street Journal
, and The Boston Globe
. Talbott has appeared as a commentator on CNN
, Fox
, CNBC
, FBN
, CBS
, and MSNBC
.
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
expert, author
Author
An author is broadly defined as "the person who originates or gives existence to anything" and that authorship determines responsibility for what is created. Narrowly defined, an author is the originator of any written work.-Legal significance:...
, commentator, and political analyst. He is well known for having predicted national and international economic crises in the past decade.
Career
According to Talbott's website, he graduated with a BSBachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
in Civil Engineering
Civil engineering
Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including works like roads, bridges, canals, dams, and buildings...
from Cornell University
Cornell University
Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...
and received an MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
in Finance from the Anderson School of Business at UCLA. He served on the leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
team at Goldman Sachs
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
during the 1990s and was a visiting scholar at the UCLA business school.
Talbott has written seven books on economics and politics. His first work, Slave Wages, published in 1999, warned of the breakdown in the internet stock craze that came to fruition in 2000-2001. The Coming Crash in the Housing Market: 10 Things You Can Do Now to Protect Your Most Valuable Investments (McGraw-Hill
McGraw-Hill
The McGraw-Hill Companies, Inc., is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are financial, education, publishing, broadcasting, and business services...
, 2003), accurately predict the current real estate bubble
Real estate bubble
A real estate bubble or property bubble is a type of economic bubble that occurs periodically in local or global real estate markets...
and earned him a reputation as "an oracle with a track record". The book was an Amazon.com
Amazon.com
Amazon.com, Inc. is a multinational electronic commerce company headquartered in Seattle, Washington, United States. It is the world's largest online retailer. Amazon has separate websites for the following countries: United States, Canada, United Kingdom, Germany, France, Italy, Spain, Japan, and...
and Business Week bestseller, but received a very skeptical review from the Wall Street Journal in 2003. In 2004 Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
Prentice Hall Books
Prentice Hall
Prentice Hall is a major educational publisher. It is an imprint of Pearson Education, Inc., based in Upper Saddle River, New Jersey, USA. Prentice Hall publishes print and digital content for the 6-12 and higher-education market. Prentice Hall distributes its technical titles through the Safari...
published Talbott’s book Where America Went Wrong: And How To Regain Her Democratic Ideals, which examined the relationship between prosperous economies and democratic institutions. His next book, Sell Now: The End of the Housing Bubble (St. Martin's Griffin, 2006), cemented his status as one of the first financial authors to predict the global banking crisis. It was reviewed by the San Francisco Chronicle
San Francisco Chronicle
thumb|right|upright|The Chronicle Building following the [[1906 San Francisco earthquake|1906 earthquake]] and fireThe San Francisco Chronicle is a newspaper serving primarily the San Francisco Bay Area of the U.S. state of California, but distributed throughout Northern and Central California,...
.
His book Obamanomics: How Bottom-Up Economic Prosperity Will Replace Trickle-Down Economics (Seven Stories Press
Seven Stories Press
Seven Stories Press is an independent publishing company. Located in New York City, the company was founded by editor Dan Simon in 1995 after he parted company with Four Walls Eight Windows. The company was named for its seven founding authors: Annie Ernaux, Gary Null, the estate of Nelson Algren,...
), was completed in early 2008 and published in July of that year, and described the economic policies that would characterize the Obama administration in response to what Talbott believed would be a staggering world economic crisis. It has been reviewed by the Los Angeles Times
Los Angeles Times
The Los Angeles Times is a daily newspaper published in Los Angeles, California, since 1881. It was the second-largest metropolitan newspaper in circulation in the United States in 2008 and the fourth most widely distributed newspaper in the country....
, and the New York Times and translated into Japanese and Chinese The Hartford Courant, in an AP
Associated Press
The Associated Press is an American news agency. The AP is a cooperative owned by its contributing newspapers, radio and television stations in the United States, which both contribute stories to the AP and use material written by its staff journalists...
story, described it as a "sleeper hit".
His latest work, Contagion: The Financial Epidemic That Is Sweeping the Global Economy ... and How to Protect Yourself from It (Wiley
John Wiley & Sons
John Wiley & Sons, Inc., also referred to as Wiley, is a global publishing company that specializes in academic publishing and markets its products to professionals and consumers, students and instructors in higher education, and researchers and practitioners in scientific, technical, medical, and...
, 2008), dissects the possibility of a global recession and the ways in which an individual can protect themselves and their investments.
Talbott’s upcoming book The 86 Biggest Lies on Wall Street will be published in June by Seven Stories Press
Seven Stories Press
Seven Stories Press is an independent publishing company. Located in New York City, the company was founded by editor Dan Simon in 1995 after he parted company with Four Walls Eight Windows. The company was named for its seven founding authors: Annie Ernaux, Gary Null, the estate of Nelson Algren,...
in the US and Constable & Robinson
Constable & Robinson
Constable & Robinson Ltd. is an independent British book publisher of fiction and non-fiction works. Founded in Edinburgh in 1795 by Archibald Constable as Constable & Co. it is probably the oldest independent publisher in the English-speaking world still operating under the name of its...
in the UK.
According to Talbott's website, he has also written articles for numerous publications including The New Republic
The New Republic
The magazine has also published two articles concerning income inequality, largely criticizing conservative economists for their attempts to deny the existence or negative effect increasing income inequality is having on the United States...
, The Financial Times, The Wall Street Journal
The Wall Street Journal
The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....
, and The Boston Globe
The Boston Globe
The Boston Globe is an American daily newspaper based in Boston, Massachusetts. The Boston Globe has been owned by The New York Times Company since 1993...
. Talbott has appeared as a commentator on CNN
CNN
Cable News Network is a U.S. cable news channel founded in 1980 by Ted Turner. Upon its launch, CNN was the first channel to provide 24-hour television news coverage, and the first all-news television channel in the United States...
, Fox
Fox News Channel
Fox News Channel , often called Fox News, is a cable and satellite television news channel owned by the Fox Entertainment Group, a subsidiary of News Corporation...
, CNBC
CNBC
CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...
, FBN
Fox Business Network
Fox Business Network is an American cable news and satellite news television channel that began broadcasting on October 15, 2007. It is owned by the Fox Entertainment Group, part of Rupert Murdoch's News Corporation...
, CBS
CBS
CBS Broadcasting Inc. is a major US commercial broadcasting television network, which started as a radio network. The name is derived from the initials of the network's former name, Columbia Broadcasting System. The network is sometimes referred to as the "Eye Network" in reference to the shape of...
, and MSNBC
MSNBC
MSNBC is a cable news channel based in the United States available in the US, Germany , South Africa, the Middle East and Canada...
.
Sources
External links
- John Talbott’s webpage
- Talbott, John Buzzflash.com
- Leonard, Andrew Salon.com
- Q & A with John Talbott featured on Reuters
- Talbott op-ed in the San Francisco Chronicle
- The Coming Crash in the Housing Market
- Sell Now!
- Obamanomics
- The 86 Biggest Lies on Wall Street
- Talbott on Book TV
- Obamanomics in the Commentary Magazine blog
- Q & A with John Talbott featured on Bloomberg.com