Aftershock

Aftershock

Protect Yourself and Profit in the Next Global Financial Meltdown

eBook - 2009
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"A practical guide to preparing for the next phase of the financial meltdownFrom the authors who were the first to predict Phase I of our current economic downturn-in their landmark 2006 book, America's Bubble Economy-comes their insightful sequel discussing their predictions for the next phase of the Bubble Economy. It may seem like the worst has come and gone, but it hasn't. With their proven track record of accurate predictions-which most financial professionals and economists missed-the authors explain how and why the next phase of the financial meltdown is about to hit. Things are not going back to how they were before. Instead, we are moving through uncharted territory, with new challenges and opportunities that few people can anticipate. Written in a straightforward and accessible style, Aftershock shows readers how to seek safety and profits in these dynamic economic conditions. Discusses how to protect assets, businesses, and jobs before and during the second wave of financial meltdownProvides clear and accurate advice on how to profit from the collapsing bubblesOffer focused guidance regarding real estate, which will continue to be a pressing concern for manyThe authors' first book was chosen by Kiplinger's as one of the 30 Best Business Books of 2006, and its accuracy has been hailed by Paul Farrell of Dow Jones MarketWatch when he said "America's Bubble Economy's Predictions, though ignored, were accurate." Don't miss out on these time tested author's proven advice for how to mange your money during the coming financial meltdown"--Provided by publisher.
Publisher: Hoboken, N.J. : John Wiley, 2009, c2010
ISBN: 9780470572900
9780470572894
9780470572887
Branch Call Number: E-Book
Additional Contributors: Wiedemer, Robert A.
Spitzer, Cindy S.

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jpwright999
Jan 04, 2016

Alarmist and way off track in its predictions. Of the nearly dozen books I've read on the Great Recession, which has become a big interest, I have increasingly been evaluating my reads based on the accuracy of predictions. This one and another by "gold will be $5000 in 2015" Peter Schiff have been the farthest off track. Just as the best books I've read had their errors, I do share a couple concerns (ex. US overall debt when rates do go up) with the authors, overall their predictions 5 years later have proven to be ridiculously far off.

Example - 2015 initial inflation rate was listed as 0.1% but the authors projected a minimum 10% by now.

The other similarity to Schiff's book was that they are selling something (services in this book, gold in Schiff's book). The more academic and investigative (versus accusative) books are much better reads than this dramatically flawed book.

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StuHughes
Nov 21, 2015

Ha! Is this even a real book? Don't waste your time -- like I did.

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Biblos
Jul 27, 2013

The authors' theory hinges on higher interest rates in the US due to inflation being driven by money printing from Quantitative Easing. However money flows to its highest rate of return, so the QE money flowed to Southeast Asia and created inflation there, not in the US. The Japanese, leading the G20, attempted to induce inflation in spring 2013 and instantly tanked their stock market! They had to back off and are stuck with a deflationary spiral. The book does not apply to Canada and our bonds and economy are doing fine compared to the US and EU.

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White_Dog_9205
Dec 29, 2012

White_Dog_9205 thinks this title is suitable for 18 years and over

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