Biography
Jerry H. Tempelman, CFA, is a former senior financial and economic analyst with the Federal Reserve Bank of New York.
This well-written and occasionally humorous tutorial on investing in speculative-grade corporate debt covers the essential aspects of high-yield debt, including credit analysis and why one would want to invest in high-yield bonds in the first place. As a basic introduction to the high-yield debt market, the book can’t be beat.
According to Jerry H. Tempelman, CFA, a more permanent solution to the European sovereign debt crisis will have to come not from the ECB but from the governments and citizens of its constituent countries.
The author summarizes past research on the BRICs and other emerging markets and predicts that by 2050, the world’s largest economies will not be the G–7 nations but will instead include several countries currently considered emerging markets.
Economics professors Carmen M. Reinhart and Kenneth S. Rogoff document that the public and private debts of industrialized nations have grown to unprecedented levels relative to their GDPs. They find that a large public debt burden slows macroeconomic growth, even without explicit sovereign debt default.