Aftershock

Aftershock

Protect Yourself and Profit in the Next Global Financial Meltdown

Book - 2010
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From the authors who predicted with unmatched precision the domino impacts of the real estate, stock market, and other bubbles that led to 2008's market meltdown comes the definitive look at what is still to come and what investors can do to protect themselves

Just as many are wrongly forecasting a full recovery ahead, Aftershock, now updated and revised, warns of a very different economic future. Home prices and stocks will continue to fall, inflation and unemployment will rise, and the current recession will not automatically cycle back to recovery. Unlike most books, Aftershock goes beyond the outdated notion of "market cycles" to help readers clearly recognize and quickly respond to the rapidly evolving economy. Instead of going back to how things were before, we are moving forward through uncharted territory, with new challenges and opportunities few people anticipate. The book shows you how to:

Protect assets before and during the second wave of the financial meltdown Make wise investment decisions regarding stocks, bonds, real estate, and more Know which jobs, careers, and businesses will fare the best Profit from the collapsing bubbles Other titles by Wiedemer, Wiedemer, and Spitzer: America's Bubble Economy

Aftershock is easy-to-read, entertaining, and practical book guides readers to seek safety and profits in these evolving economic conditions.

Publisher: Hoboken, N.J. : Wiley, [2010]
Copyright Date: ©2010
ISBN: 9780470481561
Branch Call Number: 332.024 WIE
Characteristics: xiv, 273 pages :,illustrations ;,24 cm
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.

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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