Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown
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About this ebook
From the authors who were the first to predict Phase I of ourcurrent economic downturn-in their landmark 2006 book, America'sBubble Economy-comes their insightful sequel discussing theirpredictions 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 mostfinancial professionals and economists missed-the authors explainhow and why the next phase of the financial meltdown is about tohit. Things are not going back to how they were before.Instead, we are moving through uncharted territory, with newchallenges and opportunities that few people can anticipate.Written in a straightforward and accessible style,Aftershock shows readers how to seek safety and profits inthese dynamic economic conditions.
- Discusses how to protect assets, businesses, and jobs beforeand during the second wave of financial meltdown
- Provides clear and accurate advice on how to profit from thecollapsing bubbles
- Offer focused guidance regarding real estate, which willcontinue to be a pressing concern for many
The authors' first book was chosen by Kiplinger's as one of the30 Best Business Books of 2006, and its accuracy has been hailed byPaul Farrell of Dow Jones MarketWatch when he said "America'sBubble Economy's Predictions, though ignored, were accurate." Don'tmiss out on these time tested author's proven advice for how tomange your money during the coming financial meltdown.
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Reviews for Aftershock
20 ratings2 reviews
- Rating: 2 out of 5 stars2/5The author's analysis of the current Bubble Economy is compelling. They don't hold out any hope for good times ahead, although they have ethically suspect recommendations for individual protection & prosperity in the coming debacle. Their argument, however, could have been condensed into a medium-length article. The constant repetition of points already made, & a fair amount of self-congratulatory "we got it right the first time, so you should trust us now" rhetoric becomes, finally, more annoying than instructive.
Interesting in light of Obama's 2012 State of the Union speech with its emphasis upon productivity. Authors claim that only "real" growth can soften the bursting of the final of 4 economic bubbles to burst (real estate & stocks in 2008; US dollar & debt on the horizon). They expect too little too late, however (a bit like mitigating the consequences of Global Warming or Climate Change). Neither the authors nor the President, however, speak to environmental limiting factors to Growth. To my mind, these remain the elephant in the room that no one fully acknowledges. A capitalist (even a communist) economy is predicated on growth, not sustainability. Continuing increases in GDP require either more consumption by existing populations (since there must be an upper limit to need, even perhaps to want, such increases necessarily must reach an end, where all needs are met, where consumption reaches its saturation point) or continual increases in global population that would create new consumers (here we run into the carrying capacity, however defined, of the planet). According to some, at 7 billion world population we've already exceeded the Earth's carrying capacity by as much as 5 billion!
In the short term, increased consumption can arise from more equitable distribution of income and wealth, which would create billions of "new" consumers. Also, "new" products to meet infrastructure & "clean" energy demands might impact both demand for goods and somewhat mitigate environmental damage. The risk of environmental collapse won't go away however. In the long term, we have to move from growth to sustainability, from population increase to population decrease (unless, as some suggest, we develop the capacity to colonize another planet). - Rating: 3 out of 5 stars3/5A Doomsday book with some substance. Personally i like the idea of diversifing in gold but it is scary to think what might happen.