Behind the scenes with Edgar Perez The 11th Hour Deal Obama Agreed
Edgar Perez, Celebrated Book Author of The Speed Traders and Knightmare on Wall Street, Presents The 11th-Hour Deal, Behind Washington’s Closed-doors During the 16-day Government Shutdown of October 2013.
New York, NY, United States, March 10, 2014 -- Edgar Perez, the celebrated author of The Speed Traders, An Insider's Look at the New High-Frequency Trading Phenomenon That is Transforming the Investing World (http://thespeedtraders.com), and Knightmare on Wall Street, The Rise and Fall of Knight Capital and the Biggest Risk for Financial Markets (http://knightmareonwallstreet.com), is presenting his newest book, The 11th-Hour Deal, Behind Washington’s Closed-doors During the 16-day Government Shutdown of October 2013 (http://The11thHourDeal.com), the behind-the-scenes story of the dramatic days between October 1st and 16th.
The 11th-Hour Deal will provide a comprehensive day-by-day account of what happened behind closed doors in Washington when the political class negotiated in fits and starts reopening of the government and raising the debt ceiling to ultimately arrive to an agreement at the 11th-hour.
On October 17, 2013, just minutes into the day, President Barack Obama signed the bill that ended a 16-day partial government shutdown and raised the debt ceiling, after weeks of negotiations that gave way to a frenzied Wednesday night in Washington as Congress finally passed the bill that would prevent the country from crashing into the debt ceiling. Members of both the Senate and House of Representatives had worked dangerously close to the midnight debt ceiling deadline amid warnings the government of the United States of America could run out of money to pay its bills if Congress didn't raise the debt ceiling.
The Republican-led House had given the final stamp of approval voting 285 to 144 for the bill brokered by the Democratic-led Senate, which had voted on Wednesday evening, 81 to 18. The proposal had been hammered out by the chamber’s Republican and Democratic leaders after continued resolutions approved by the House that defunded Obamacare, President Barack Obama’s signature healthcare initiative, went nowhere. The debt cushion was extended through February 7, with current spending levels being authorized through January 15.
The 16 days of the partial government shutdown had come at a steep cost. Standard and Poor's estimated it took $24 billion out of the economy; Fitch Ratings had put the U.S. AAA credit rating on watch for a potential downgrade. The possibility of a debt default spooked investors on Wall Street and hiked interest rates. Furthermore, it impacted American’s top-notch financial and business global preeminence; China, America’s largest foreign debt holder with $1.28 trillion of U.S. bonds, was already calling for considering building a de-Americanized world.
Perez (http://www.MrEdgarPerez.com) is widely regarded as the preeminent global expert in investing and high-frequency trading. Perez has been interviewed on Sina Finance, CNBC Squawk On The Street, Bloomberg TV’s Market Makers, CNN en Español’s Dinero, FOX Business’s Countdown to the Closing Bell, CNBC Worldwide Exchange, CNBC Cash Flow, CNBC Squawk Box, BNN Business Day, CCTV China, Bankier.pl, TheStreet.com, Leaderonomics, GPW Media, Channel NewsAsia Business Tonight and Cents & Sensibilities.
In addition, Perez has been globally featured on FXFactor, Columbia Business, OpenMarkets, Sohu, News.Sina.com, Yicai, eastmoney, Caijing, ETF88.com, 360doc, AH Radio, CNFOL.com, CITICS Futures, Tongxin Securities, ZhiCheng.com, CBNweek.com, Caixin, Futures Daily, Xinhua, CBN Newswire, Chinese Financial News, ifeng.com, International Finance News, hexun.com, Finance.QQ.com, Finance.Sina.com, The Korea Times, The Korea Herald, The Star, The Malaysian Insider, BMF 89.9, iMoney Hong Kong, CNBC, Bloomberg Hedge Fund Brief, The Wall Street Journal, The New York Times, Dallas Morning News, Valor Econômico, FIXGlobal Trading, TODAY Online, Oriental Daily News and Business Times.
Perez has been engaged to present at the Council on Foreign Relations, Vadym Hetman Kyiv National Economic University (Kiev), Quant Investment & HFT Summit APAC 2012 (Shanghai), U.S. Securities and Exchange Commission (Washington DC), CFA Singapore, Hong Kong Securities Institute, Courant Institute of Mathematical Sciences at New York University, University of International Business and Economics (Beijing), Hult International Business School (London and Shanghai) and Pace University (New York), among other public and private institutions.
Perez (http://twitter.com) has spoken at a number of global conferences, including Emerging Markets Investments Summit 2013 (Warsaw), CME Group‘s Global Financial Leadership Conference 2012 (Naples Beach), Harvard Business School’s Venture Capital & Private Equity Conference (Boston), High-Frequency Trading Leaders Forum (New York, Chicago, London), MIT Sloan Investment Management Conference (Cambridge), Institutional Investor’s Global Growth Markets Forum (London), Technical Analysis Society (Singapore), TradeTech Asia (Singapore), FIXGlobal Face2Face (Seoul) and Private Equity Convention Russia, CIS & Eurasia (London).
Perez was a vice president at Citigroup, a senior consultant at IBM, and a strategy consultant at McKinsey & Co. in New York City. Perez has an undergraduate degree from Universidad Nacional de Ingeniería, Lima, Peru (1994), a Master of Administration from Universidad ESAN, Lima, Peru (1997) and a Master of Business Administration from Columbia Business School, New York, with a dual major in Finance and Management (2002). He belongs to the Beta Gamma Sigma honor society. Perez resides in the New York City area and is an accomplished salsa and hustle dancer.
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by: Julia Petrova