Sold Out: How Broken Supply Chains, Surging Inflation and Political Instability Will Sink the Global Economy
Dec 2022 · Penguin UK
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Empty shelves, petrol station queues and energy shortages: crises more familiar to those who lived through the 1960s and 1970s have now become a reality for many as global shipping times are squeezed, containers lie unopened at docks and supply shortages push up inflation, increasing the cost of consumer goods from milk to cars to building materials.
In Sold Out, James Rickards explains why the shelves are empty, who broke the supply chain and why shortages will persist. He breaks down the history and structure of business around the world to offer readers a behind-the-scenes look at what's really going on, and what they can do to mitigate the worst of what's to come.
In Sold Out, James Rickards explains why the shelves are empty, who broke the supply chain and why shortages will persist. He breaks down the history and structure of business around the world to offer readers a behind-the-scenes look at what's really going on, and what they can do to mitigate the worst of what's to come.
Drawing on his financial expertise, he explains that consumers and investors need to be nimble to come through this unprecedented turn of events in good shape. Luckily, Rickards is on hand to provide the tools readers need to look ahead, monitor key trends and insulate against risks.
Empty shelves, petrol station queues and energy shortages: crises more familiar to those who lived through the 1960s and 1970s have now become a reality for many as global shipping times are squeezed, containers lie unopened at docks and supply shortages push up inflation, increasing the cost of ...
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2 reviews
A Munir Othman
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May 31, 2023
Spot on. A prescient book, written just in time, and came out just as the thesis plays out for all to see. Indeed, inflation comes out of both the disruptions in the materials/production supply side as well as the mismanagements of the financial side. Waiting in the horizon is deflation and demand destruction. But unless we burn the world into extinction with World War 3, civilization will recover and like the phoenix, will re-emerge out of the ashes, just as the Renaissance emerged out of the destruction of Pax Romana.
About the author
James Rickards is The New York Times bestselling author of The Death of Money and The Road to Ruin. He is the editor of the newsletter Strategic Intelligence and a member of the advisory board of the Physical Gold Fund. He advises the Department of Defence and the US intelligence community. He served as a facilitator of the first ever financial war games conducted by the Pentagon.
James Rickards is The New York Times bestselling author of The Death of Money and The Road to Ruin. He is the editor of the newsletter Strategic Intelligence and a member of the advisory board of the Physical Gold Fund. He advises the Department of Defence and the US intelligence community. He se...
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