John R. Talbott
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John R. Talbott is an American
finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...
expert,
author In legal discourse, an author is the creator of an original work that has been published, whether that work exists in written, graphic, visual, or recorded form. The act of creating such a work is referred to as authorship. Therefore, a sculpt ...
, commentator, and political analyst. He is known for having predicted national and international
economic crises A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and ma ...
in the past decade.


Career

Talbott graduated with a BS in
Civil Engineering Civil engineering is a regulation and licensure in engineering, professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including public works such as roads ...
from
Cornell University Cornell University is a Private university, private Ivy League research university based in Ithaca, New York, United States. The university was co-founded by American philanthropist Ezra Cornell and historian and educator Andrew Dickson W ...
and received an
MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...
in Finance from the Anderson School of Business at
UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California, United States. Its academic roots were established in 1881 as a normal school then known as the southern branch of the C ...
. He served on the
leveraged buyout A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of t ...
team at
Goldman Sachs The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in Lower Manhattan in New York City, with regional headquarters in many internationa ...
during the 1990s and was a visiting scholar at the UCLA business school.John Talbott official website
/ref> Talbott has written nine 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 is an American education science company that provides educational content, software, and services for students and educators across various levels—from K-12 to higher education and professional settings. They produce textbooks, ...
, 2003), accurately predict the current
real estate bubble A real-estate bubble or property bubble (or housing bubble for Residential area, residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets, and it typically follows a land boom or reduced in ...
and earned him a reputation as "an oracle with a track record". The book was an
Amazon.com Amazon.com, Inc., doing business as Amazon, is an American multinational technology company engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. Founded in 1994 by Jeff Bezos in Bellevu ...
and
Business Week ''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...
bestseller, but received a very skeptical review from the ''
Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'' in 2003. In 2004
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...
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 St. Martin's Press is a book publisher headquartered in Manhattan in New York City. It is headquartered in the Equitable Building. St. Martin's Press is considered one of the largest English-language publishers, bringing to the public some 700 ...
, 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 The ''San Francisco Chronicle'' is a newspaper serving primarily the San Francisco Bay Area of Northern California. It was founded in 1865 as ''The Daily Dramatic Chronicle'' by teenage brothers Charles de Young and M. H. de Young, Michael H. ...
''. 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 The ''Los Angeles Times'' is an American Newspaper#Daily, daily newspaper that began publishing in Los Angeles, California, in 1881. Based in the Greater Los Angeles city of El Segundo, California, El Segundo since 2018, it is the List of new ...
'', and the ''
New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'' and translated into Japanese, Korean and Chinese. The ''
Hartford Courant The ''Hartford Courant'' is the largest daily newspaper in the U.S. state of Connecticut, and is advertised as the oldest continuously published newspaper in the United States. A morning newspaper serving most of the state north of New Haven and ...
'', in an AP story, described it as a "sleeper hit". ''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 individuals can protect themselves and their investments. Talbott's book ''The 86 Biggest Lies on Wall Street'' was published in June by Seven Stories Press in the US and
Constable & Robinson Constable & Robinson Ltd. is an imprint of Little, Brown which publishes fiction and non-fiction books and ebooks. History Constable & Co. was founded in 1795 by Archibald Constable, and became the publisher of works by Sir Walter Scott. In ...
in the UK. ''How I Predicted the Global Banking Crisis: The Most Amazing Book You'll Never Read'' was published in 2011 and is an introduction to Talbott's economics and his previous writings. ''Survival Investing: How to Prosper Amid Thieving Banks and Corrupt Governments'' is Talbott's most recent finance book and was published by Palgrave Macmillan in June 2012. In the book, Talbott explains why holding traditional financial investments like stocks, bonds and Treasuries will perform badly in the continuing tough economic climate ahead. According to Talbott's website www.StopTheLying.com, he has also written articles for numerous publications including ''
The New Republic ''The New Republic'' (often abbreviated as ''TNR'') is an American magazine focused on domestic politics, news, culture, and the arts from a left-wing perspective. It publishes ten print magazines a year and a daily online platform. ''The New Y ...
'', ''
The Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...
'', ''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'', and ''
The Boston Globe ''The Boston Globe,'' also known locally as ''the Globe'', is an American daily newspaper founded and based in Boston, Massachusetts. The newspaper has won a total of 27 Pulitzer Prizes. ''The Boston Globe'' is the oldest and largest daily new ...
''. Talbott has appeared as a commentator on
CNN Cable News Network (CNN) is a multinational news organization operating, most notably, a website and a TV channel headquartered in Atlanta. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable ne ...
,
Fox Foxes are small-to-medium-sized omnivorous mammals belonging to several genera of the family Canidae. They have a flattened skull; upright, triangular ears; a pointed, slightly upturned snout; and a long, bushy tail ("brush"). Twelve species ...
,
CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...
, FBN,
CBS CBS Broadcasting Inc., commonly shortened to CBS (an abbreviation of its original name, Columbia Broadcasting System), is an American commercial broadcast television and radio network serving as the flagship property of the CBS Entertainme ...
, and
MSNBC MSNBC is an American cable news channel owned by the NBCUniversal News Group division of NBCUniversal, a subsidiary of Comcast. Launched on July 15, 1996, and headquartered at 30 Rockefeller Plaza in Manhattan, the channel primarily broadcasts r ...
.


References


Notes


Sources


Pressley, James ''Bloomberg.com''

McGinn, Daniel ''Newsweek''

Booktrade.info


External links


John Talbott’s webpage (not working as of Dec. 2018)(Working again as of June 2022)

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''

''Obamanomics'' in the ''Commentary Magazine'' blog

Q & A with John Talbott featured on ''Bloomberg.com''
{{DEFAULTSORT:Talbott, John R. Cornell University alumni Living people Year of birth missing (living people)