The Impoverishment of Nations: The issues facing the post- meltdown global economy
May 26, 2010
Early in 2007 Leigh Skene warned of the danger of a meltdown in global markets. Now, while governments spend furiously to rescue the global economy, he again challenges received wisdom. In The Impoverishment of Nations, Skene prescribes a different solution, outlining a plan to deal with a very different economic future, following the financial crisis that ended the longest period of prosperity for some five hundred years.
Leigh Skene is a Canadian who has been involved in financial markets ever since he first purchased equities when he was a teenager. He became involved in debt analysis and trading at the Sun Life Assurance company of Canada. Lured by the glamour of investment banking, he joined A.E. Ames & Company in Montreal one of Canada's premier underwriters. He then moved to Toronto to join another investment bank Burns, Fry and Company (now BMO Nesbitt Burns) where he was Head of Fixed Income Trading, then Chief Economist.
In 1980 he left Burns Fry and established himself as an independent economic consultant specializing in financial markets. With financial markets becoming ever more global, he moved to England in 1993 to help his clients gain better international perspective.
Leigh Skene is the author of four books, Managing a Bond Portfolio, 1977; The Canadian Economy: its problems and its potential, 1978; That's the Way the Money Goes, 1988 and Cycles of Inflation and Deflation, 1992. He wrote the Bond and Money Market Letter for Burns Fry for many years and has written articles for investment publications.