Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown
Where to buy Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown books online?
- ISBN13: 9780470481561
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
A practical guide to preparing for the next phase of the financial meltdown
From the authors who were the first to predict Phase I of our current economic dip-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 clarify how and why the next phase of the financial meltdown is about to hit. Things are not going back to how they were before. As a replacement for, 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 meltdown
- Provides clear and accurate advice on how to profit from the collapsing bubbles
- Offer all ears guidance regarding real estate, which will continue to be a pressing concern for many
The 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 leader’s proven advice for how to mange your money during the coming financial meltdown.
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Yelling “Fire” in a crowded theater is not allowed, and neither should publishing nonsense such as “Aftershock.” The book is a collection of inconsistent blathering by authors who sometimes can’t remember what they said from one paragraph to the next.
The purpose of “Aftershock is to detail the next bubbles about to burst – the ‘Dollar bubble’ and the ‘Government Debt Bubble.’ The authors start by reciting their ‘credentials’ – having predicted the popping of the housing bubble, the consumer spending bubble, the private credit bubble, and the stock market bubble. (Never mind that they were all 100% correlated – you predict one, you get them all. More importantly, they rumor has it that didn’t have the courage or knowledge to act on their predictions – eg. leverage up and fleeting every market in sight.)
Now they contend that Americans are in denial – full of cheer-leading. Largely right. Then they contend that the Federal Set aside’s continuation of low interest excise may be due to dread that no -one will buy our bonds. Backwards – low interest excise make our bonds, and the dollar, unattractive – hence the sinking dollar. The authors also contend that the rest of the world (including Europe) will end up in even worse shape than us – with China doing worse than all but struggling third-world nations. The reason for China’s ‘weakness’ – it’s focus on exports to the U.S. Problem: The Chinese have redirected their economy towards internal consumption and are growing at an annual 8.5% – if only we could do so well!
They then contend that dollar inflation will make huge fee increases on imported goods – perhaps even a $100,000 Camry! Except the latest [...] assessment of U.S. content ranks Camry as #1 in U.S. content, yet to be even of the F-150. As for their inflation-adjusted $12-15/gallon gas projections, while world fee plummets due to falling economies and demand (the U.S. is the largest user) – that’s about as likely as flying pigs.
More advice from the authors: Stay away from stocks (booming at this time) and real estate (starting back up). Sell your home now. Then, in the next paragraph keep your house and delight in drastically cut-rate payments via inflation. Lower your spending and save for future funds (after the prices have skyrocketed due to their projected inflation?).
Massive debts will force government into massive spending cuts, they say. Why – inflation makes debt refund a breeze!
Bottom Line: Printing nonsense such as “Aftershock” contributes to economic ignorance and should be outlawed.
Reader’s Rating: 1 / 5
This was an appealing read. Few economists are willing to make fleeting term macro and market calls, so the authors certainly have the courage of their convictions. You will not find any two-handed economics here.
Reader’s Rating: 5 / 5
Too many assumptions/projections from the time the Book was published have not materialized. The stock market’s direction in 09 and housing values are at the top of the list. 2009 was an exceptional year for equities–understatement. Housing values in most markets, as a percentage of income, are at past lows. A stable housing market alone defies the depression they demand is coming. America is headed for a housing shortage crisis (driven by nothing additional than organic growth) in the next three years which will drive values up not down and with it household wealth. The Book is well written with loads of data but is flawed.
Mike Stewart
[...]
Reader’s Rating: 3 / 5
A well written book with excellent references. Past recent history lends credibility to the authors predictions.
Reader’s Rating: 5 / 5
I saw one of the authors on CNBC and chose to buy their book. In Aftershock we learn that within the next three years the feds monetary and the treasury’s fiscal polices will lead to a US bond defaulting and hyper-inflation. Their argument is not very convincing, but they foretold of the current economic crisis in their previous book, (at least this is what they aver) which gives them some level of creditability. They recommend not owning stocks and investing in foreign bonds, gold, and LEAPS (LEAPS are financial instruments that shorts the market) prior to the US bond defaulting. Throughout the book they references their website [...], which are just excerpts from their book and the theme of their next book, “preparing for the post-dollar-bubble world”. The book is a quick read, but I wouldn’t recommend it.
Reader’s Rating: 2 / 5