Recommendations | It's time to look for signs of movement and reorganize your portfolio.
Introduction | With the hope that at least one more person will survive

Chapter 1 | A Look at the Economy

01.
Is it necessary to know macroeconomics when investing?
The Importance of the Environment
How to Cope with Rising Interest Rates - Bonds
How to Cope with Rising Interest Rates - Monthly Rent
How to Cope with Rising Interest Rates - Stocks
The return of inflation after 40 years

Chapter 2 | The Return of Inflation

02.
The resurgence of inflation
〈O's toon〉 Normal vs. Abnormal
Is inflation normal?

03.
Inflation and deflation
〈O's toon〉 A stupid ant who only did work
What do central banks like?
What if it goes up or down 10 percent a day?

04.
Why inflation was dormant
〈O's toon〉 Three Arrows
Deflation makes debt heavier
The swamp of deflation that never goes away

05.
Excessive stimulus measures that go too far
〈O's toon〉 Solve and solve, solve again
Money Spread by the Trump and Biden Administrations
Summers' advice
What Happens When Policy Crosses the Line
Yellen's advice
Powell's thoughts

06.
What the Fed Thinks About Inflation
〈O's toon〉 The true nature of the monster
Inflation that appeared in 2008
Raw materials soar in 2010
Side effects of the 2015 US interest rate hike
US interest rate hikes abandoned again in 2018
The Fed's learning effect

07.
supply chain inflation
The final episode of 〈O's toon〉
There is a lot of demand, so why is there nothing to sell?
Delta and Omicron: Supply chain disruptions caused by variant viruses have dampened corporate investment.
Asset prices surge following economic stimulus measures
Retired employees are flocking to stocks and coins.

08.
The Fed and the Changing Supply Chain
〈O's toon〉 Crossroads of Choice
Prices VS.
Growth: What's the Fed's Choice?
Slightly stronger action from the Fed
One step back to take two steps forward
Inflation Summary
Agile Dove, Governor Bullard
The Fed's Strategy: 'Humble and Agile'
Additional support payments will be paid indirectly, in installments, and carefully.
What You Need to Know to Understand Supply Issues
Final Summary

Chapter 3 | Surviving Inflation

09.
The blade of concentrated investment
〈O's toon〉 What happens when you go all in
Case 1.
Oil and gold in the 1970s
Case 2.
Crude oil in 2008 and gold in 2011
Case 3.
BRICS in 2007
Case 4.
Tea, flowers, and Japanese tea
Case 5.
The burst of the dot-com bubble in 2000
Beware of the investment bias caused by expectations.

10.
Large-cap US growth stocks and the Idols of the Cave
〈O's toon〉 The world outside the cave
Safe assets in both boom and bust periods
Can it be safe even in a long-term war?

11.
Diversification: The Unbearable Boredom
〈O's toon〉 “Diversification is no fun!”
Stocks and government bonds
raw materials
dollar
4 types of diversification

12.
Where are we now?
Four economic situations categorized by growth and inflation
How to Invest During an Inflationary Period
Where are you now and where are you going next?
Will high prices continue?
Scenario 1.
High prices → change to low growth and low prices
Scenario 2.
High prices → High growth and low prices
Is high growth and low inflation possible?
International cooperation makes a difference

Epilogue | Let's Enjoy Together the Fruits That Come After Adversity

"Only by surviving can we share in the rewards that come after adversity."

Ultra-fast, ultra-large inflation that even the US central bank could not have predicted
Optimal Investment Strategies for Rising Interest Rates, Discovered Throughout History

The era of inflation, where people will become poorer if they just sit still, is just around the corner.
The rising prices of cooking oil and flour increase living expenses, and the rising interest rates on loans increase the amount of interest to be paid, making it increasingly difficult to live on a salary. This is the side effect of rising prices, or inflation.
In particular, the inflation we face this year will be ultra-fast and on an ultra-large scale, the first in 40 years, and the financial markets that will unfold from now on will look completely different from before.
If I don't escape from here, my bank account will no longer be safe.
The first thing to do is to determine whether the assets I have are advantageous or disadvantageous in a period of rising interest rates.
Bank deposits, which were unpopular last year, are becoming more attractive again as they now offer higher interest rates.
Conversely, growth stocks that had been hitting record highs last year are struggling as they move out of the low-interest-rate environment.
By understanding the characteristics of assets like bonds, rent, and dividend stocks, you can not only build a portfolio optimized for the era of high prices, but also respond nimbly to environmental changes that may arise in the future.
Now that you've prepared for the near future, it's time to take a step further and find opportunities in the midst of crisis.
We sketch out future scenarios based on past experience with the U.S. Federal Reserve (Fed), the Biden administration's keynote, supply chain issues stemming from the COVID-19 pandemic, economic growth rates, and comments from prominent figures influencing the global economy.
Among them, you will learn how to find scenarios with a high probability of reality and set up your portfolio accordingly.
If you want to invest more safely, you can add the '4 types of diversification' introduced by the author.
By developing an investment strategy this meticulously, you will be able to survive even in difficult markets and seize new opportunities.

“This is the first economics book I’ve read all the way through!”

Korea's leading global economic expert and bestselling author,
Easy and friendly economic stories relevant to everyday life, read by Oh Geon-yeong.

“It’s so easy that even high school students can read it”, “The terms are explained so easily that there’s no need to search the internet for additional information”, “I read it as easily as reading a novel”.
Readers unanimously praised this book for being “easy.”
Author Oh Geon-yeong's signature, flowing, natural explanations have the power to make you read the book in one breath, as if you were reading a novel.
Thanks to this, even people who know nothing about economics can read it without difficulty, and it even creates the illusion that economics is fun and easy.
If you follow the author's lead, you will realize the "true value of money" that was previously invisible, and the seriousness of inflation will quickly become apparent.
The elements that were well-received in the previous work, such as graphs that stick in your head, intuitive illustrations, and actual newspaper articles that broaden your horizons, have been upgraded to allow you to feel the nuances in detail even more than before.
We've added short comics here to make it even more fun and accessible.

It also focuses on recent events to increase reader immersion.
It will be even more enjoyable because you can understand political and social issues, such as the US interest rate hike and the surge in oil prices due to international war, which you only saw on the news.