Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown / Edition 4 available in Hardcover
Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown / Edition 4
- ISBN-10:
- 1119118506
- ISBN-13:
- 9781119118503
- Pub. Date:
- 07/07/2015
- Publisher:
- Wiley
Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown / Edition 4
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Overview
Aftershock provides a definitive look at the economic climate still ahead in 2015—and beyond—and details the steps you can take now to secure your financial future. Written by the authors who accurately predicted the financial crisis of 2008 and 2009, this book serves as both a warning and a game plan for investors looking to avoid catastrophic loss. This updated fourth edition has been expanded with new actionable insights about protection and profits in an increasingly confusing investment environment, and includes the latest data, updated charts and tables, and brand new coverage of monetary stimulus. With a look back at the domino fall of the conjoined real estate, stock, and private debt bubbles that triggered the last major crisis, this book paints a vivid picture of what to expect the next time the world's economy pops. You'll learn how to protect your assets before and during the coming fall, and how to capitalize on the opportunities everyone else is missing.
The housing bubble has popped, toppling banks and sending shockwaves of stock market misery around the world. It may seem like the worst is over. It's not. This book shows you what's still to come, and how to ride the crest instead of being sucked under.
- Learn when, why, and how the global bubble will burst
- Understand the repercussions that will reach into your accounts
- Get up to date on the data, with expert analysis and insight
- Start protecting yourself now with a few smart investment moves
The stock market, real estate, consumer spending, private debt, dollar, and government debt bubbles will burst, driving up unemployment, devaluing the dollar, and causing deep global recession. Aftershock helps you fortify your assets before the wave so you can enjoy clear skies after the storm.
Product Details
ISBN-13: | 9781119118503 |
---|---|
Publisher: | Wiley |
Publication date: | 07/07/2015 |
Pages: | 400 |
Sales rank: | 423,548 |
Product dimensions: | 6.30(w) x 9.10(h) x 1.50(d) |
About the Author
DAVID WIEDEMER, PHD, is a world leader in macro-evolutionary economic analysis. His work in information dynamics, technological evolution, and economic history form the basis for the predictions in Aftershock. Dr. Wiedemer is the Chief Economist for Ark Financial Management. He holds a doctorate in economics from the University of Wisconsin-Madison.
ROBERT A. WIEDEMER is a Managing Director of Ark Financial Management, a macro-focused money management firm that is in alignment with the macroeconomic analysis and perspective of Aftershock.
CINDY S. SPITZER is an award winning writer, bestselling coauthor, and president of Aftershock Consultants LLC, an investment advisory and macroeconomic consulting firm providing support and insights to individuals, businesses, and groups, based on the ideas in Aftershock.
Table of Contents
Executive Summary xiii
Acknowledgments xv
Preface xvii
Introduction: Your Guide to the Fourth Edition of Aftershock xxi
Part I: The Coming Aftershock 1
Chapter 1: This Recovery Is 100 Percent Fake Why the Aftershock Has Not Been Canceled 3
Isn’t a Fake Recovery Better than No Recovery at All? 5
If the Aftershock Has Not Been Canceled, Why Hasn’t It Happened Yet? 7
Still Not Convinced This Recovery Is 100 Percent Fake? 17
Don’t Believe the Stimulus Has to Eventually End? 25
Please Prepare Now 30
Chapter 2: America’s Bubble Economy Understanding How We Accurately Predicted the Financial Crisis of 2008 Is Key to Understanding Why Our Latest Predictions Are Also Correct 33
Because Our Earlier Books Were Right, Now You Can Be Right, Too 38
Didn’t Other Bearish Analysts Get It Right, Too? 41
How the “Experts” Got It So Wrong 43
Predictions from Ben Bernanke and Henry Paulson—We Trust These Officials with Our Economy 48
Where We Have Been Wrong 49
Chapter 3: Phase 1: The Bubbles Begin to Burst Pop Go the Housing, Stock, Private Debt, and Spending Bubbles 55
Bubbles “R” Us: A Quick Review of America’s Bubble Economy 56
From Boom to Bust: The Virtuous Upward Spiral Becomes a Vicious Downward Spiral 62
Pop Goes the Real Estate Bubble 64
Pop Goes the Stock Market Bubble 70
Pop Goes the Private Debt Bubble 74
Pop Goes the Discretionary Spending Bubble 77
The Biggest, Baddest, Bad Loan of Them All 80
Chapter 4: The Market Cliff Not Your Father’s Down Cycle 83
The Market Cliff Won’t Be Just a “Down Cycle” 84
Hitting the Market Cliff 89
The Last Resort: A Stock Market Holiday 93
When Is the Best Time to Get Out of the Stock Market? 95
Chapter 5: Massive Money Printing Will Eventually Cause Dangerous Inflation—So Why Hasn’t It Happened Yet? 97
What Is Inflation? 98
What Exactly Is Money Printing? 99
How Does Money Printing Cause Inflation? 101
Central Banks Gone Wild: The World Is Printing Money 103
Where Is Inflation Hiding? 107
The Arguments against Future Inflation Simply Don’t Hold Up 113
This Is Not a Plan—It’s a Panic! 120
The Real Problem with Rising Future Inflation: High Interest Rates 121
The Fed’s Big Blind Spot: They Don’t Understand Where Growth Comes
From (Hint: It Doesn’t Come from Rising Bubbles or Massive Money Printing to Support the Bubbles) 125
When Will Inflation Begin? When Group Psychology Turns Negative after the Market Cliff 129
The Inflation Deniers Are Liars! 133
Chapter 6: Phase 2: The Aftershock Pop Go the Dollar and Government Debt Bubbles 137
The Dollar Bubble: Hard to See without Bubble‐Vision Glasses 138
The Government Debt Bubble Pops 158
The Aftershock 165
The Six Psychological Stages of Denial 166
Is There Any Scenario for a Soft Landing? 170
Chapter 7: Global Mega-Money Meltdown It’s Not Just America’s Bubble Economy—It’s the World’s Bubble Economy 173
The United States Will Suffer the Least 174
Think of the World’s Bubble Economy in Two Categories: Manufacturing and Resource Extraction 175
How the Bursting Bubbles Will Impact the World 179
If the World’s Bubble Economy Is Hit Harder than the U.S. Bubble Economy, Won’t That Be Good for the Dollar? 188
If the Rest of the World Is Collapsing, Won’t That Be Good for Gold? 188
International Investment Recommendations 190
Chapter 8: “You’re No Fun” What I Hear Traveling Across Our United States 193
By Aftershock Co-author Robert Wiedemer Florida:”You’re No Fun” 193
Philadelphia: Wharton Meets Wall Street 197
Green Bay, Wisconsin: I Can Be a Cheerleader, Too—in the Right Places 199
North Carolina: People Know in Their Gut that What I’m Saying May Be Correct 201
New York City: The Turkeys Were Living the Good Life Until … 202
New York City Again: When You Abolish Failure, You Institutionalize Stupidity 203
One Last New York Story: Is He Really Smart or Really Stupid? 204
A State of Extreme Denial Exists in Parts of the United States 205
What’s the Smart Money Doing Now? Just What They Did Before the 2008 Financial Crisis! Same Denial Now as Before 207
The Sun Will Shine after Every Storm (From My Hotel Room in North Carolina) 209
Part II: Aftershock Dangers and Profits 213
Chapter 9: Covering Your Assets How Not to Lose Money 215
The Three Rules for Not Losing Money 215
These Rules Are Simple but Not Easy! 216
Long Term versus Short Term 218
Rule 1: Exit Stocks Well Before the Market Cliff 221
Rule 2: Stay Away from Real Estate until after All the Bubbles Pop 228
Rule 3: Avoid Bonds and Most Fixed‐Rate Investments as Interest Rates Rise 241
Where’s the Best Place to Stash Cash? 243
How Long Must We Follow These Three Rules? 243
Letting Go Is Hard to Do 244
What Else Can I Do to Protect Myself? 247
Remember, Your Net Worth Is Not Your Self‐Worth 249
Chapter 10: Cashing In on Chaos Best Aftershock Investments 251
Plenty of Profit Opportunities, but They Will Feel Quite Uncomfortable, Even Scary at Times 251
This Economy Is Evolving; Your Investments Should Evolve, Too 252
Three Goals of an Evolving Aftershock Investment Portfolio 254
Reducing Risk with a New Kind of Diversification 256
Two Other Aftershock Investments after the Bubbles Pop: Foreign Currencies and Foreign Bonds 272
Timing Is Everything before the Bubbles Pop, but Your Timing Won’t Be Perfect 274
Putting It All Together 275
Chapter 11: Aftershock Jobs and Businesses 279
The Rising Bubble Economy Created Huge Job Growth; Now the Falling Bubble Economy Means Fewer Jobs 280
Conventional Wisdom about Future Job Growth Is Based on Faith that the Future Will Be Like the Past 281
Why Conventional Wisdom on Jobs Is Wrong 283
What’s a Savvy Aftershock Job Seeker to Do? 284
The Falling Bubbles Will Have Varying Impacts on Three Broad Economic Sectors 286
Should I Go to College? 296
Opportunities after the Bubbles Pop: Cashing In on Distressed Assets 297
Dig Your Well before You Are Thirsty 298
Chapter 12: Understanding Our Problems Is the First Step toward Solving Our Problems 299
If You Don’t Understand Why an Economy Grows, You Can’t Understand Why It Doesn’t Grow 300
You Need to See the Big Picture before You Start to Focus 301
Key Breakthroughs in the History of Economic Thought 302
Economics Needs a Breakthrough Big‐Picture Idea like Geology Needed Continental Drift 309
So Why Aren’t We Getting an Alfred Wegener wor a Breakthrough Idea like Continental Drift? 311
Economists Have Become Academia’s Version of Financial Cheerleaders 311
The Demands to Get Tenure and the Rewards of the Good Life after Tenure Have Delivered a One‐Two Punch to Creative Economic Thought 312
Where to Now? Answer: Economics Needs to Move from Being a Collection of Competing Philosophies to Being a Unified Science 315
Four Key Elements for Making Economics More of a Science 317
Where Do We Stand Today in Making This Transition? 321
The Economics Profession Does Not Want to Make This Transition 322
The Solution to the Lack of Interest in Making Important Changes in Economics: The Coming Aftershock 324
Chapter 13: Our Predictions Have Mostly Been Accurate, So Why Do Some People Still Dislike Them? 327
It’s Not a Cheerleading Book 329
It’s Not a Complex Book (Although It Is Based on Complex Analysis) 330
It’s Not a Crazy Book 333
It’s Not an Academic Book 333
It’s Not Suggesting Armageddon 334
It’s Not a Reality‐Denying Book 335
Us versus the Comforters: How Aftershock Stacks Up against Other Bearish Books 335
Appendix: Are the Bond, Stock, and Gold Markets Manipulated? 343
Bond Market Manipulation 343
Stock Market Manipulation 344
Gold Market Manipulation 351
Market Manipulation Summary 354
Investment Impact 355
Bibliography 357
Epilogue: Say Good-Bye to the Age of Excess 363
Index 367