Aftershock

Aftershock

Protect Yourself and Profit in the Next Global Financial Meltdown

Book - 2011 | 2nd ed
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"Aftershock warns of a very different economic future from what most people think. The full impact of the recent bubble pop will create far more problems than we have now, especially for the dollar, and will push home prices and stocks even lower. Unlike most books that try to explain our economic troubles, Aftershock goes beyond the outdated notion of "market cycles" to help readers clearly recognize and quickly respond to the rapidly evolving economy. Things are not going back to how they were before. Instead, we are moving through uncharted territory, with new challenges and opportunities few people anticipate. Aftershock shows readers how to seek safety and profits in these evolving economic conditions. Specifically, the book will: Show readers how to protect assets, businesses, and jobs before and during the coming second wave of the financial meltdown Provide clear and accurate advice on how to profit from the collapsing bubbles Offer focused guidance regarding real estate, which will continue to be a pressing concern for many readers "-- Provided by publisher.
Publisher: Hoboken, N.J. : John Wiley & Sons, ©2011
Edition: 2nd ed
ISBN: 9780470918142
0470918144
Branch Call Number: 332.024 WIEDEMER
Characteristics: xvi, 304 pages : illustrations ; 24 cm
Additional Contributors: Spitzer, Cindy S.
Wiedemer, Robert A.

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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.

b
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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