’Anin-depthbutaccessibleanalysisofthecomplexfactorsthatimpactstructuralchangesinfinancialmarketsandinvestoropportunities.’InAnyHappyReturns:StructuralChangesandSuperCyclesinMarkets,celebratedauthorPeterC.Oppenheimerdelivershismuch-anticipatedfollow-uptoTheLongGoodBuy.Thebookdiscusseshowstructuralchangesinmacroeconomicdrivers,geopolitics,governmentpolicyandsocialattitudesallcombinetodrivesecularsupercyclesthathelptoexplaininvestorreturns.TheauthorfocusesonwhathecallsthePost-ModernCycle,whatit’slikelytolooklike,howitwillunfoldandwhatinvestorsshouldfocuson.You’llalsofind:Anintroductiontothehistoryofcyclesandstructural’SuperCycles’,andwhathasdriventhem.AdetailedanalysisofSuperCyclessince1945,includingthePost-WarBoom,theGreatModeration,thepostGlobalFinancialCrisisandPandemicera.ThespecificdriversoftheemergingPost-ModernCycleamidahighercostofcapital,biggergovernments,moreproactiveindustrialpolicy,greaterregulation,andlessglobalisation.OppenheimerfocusesonthedevelopmentsintechnologyandAI,andoneffortstode-carboniseeconomies,andhowthesemightimpactfinancialmarketreturnsandopportunities.Aninvaluableresourceforstudentsofeconomicandfinancialhistory,andforinvestors,AnyHappyReturnsisessentialreadingforanyoneseekinginsightsintoupcomingmarketconditionsandreturns.
