America’s Bubble Economy: Profit When It Pops
America's Bubble Economy: Profit When It Pops
America’s Bubble Economic system is the 1st book to concentrate on numerous simultaneous financial bubbles that are interacting to temporarily boost—and ultimately threaten—the United States and planet economies. Filled with specialist analysis and straight talk, this book will display you how to turn the coming economic transformation into a when-in-a-lifetime wealth-constructing chance.
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Great book! Easy to read, sophisticated economics,
In the 1930's, without any warning, a major hurricane roared in over the Connecticut and New England coastlines and wreaked havoc. The storm's horrific effects were multiplied by the fact that the weather experts had taken a conservative line and issued no warning - despite the best scientific evidence to the contrary. A financial storm of category 5 dimensions appears to be headed for the U.S. in the not so distant future. The real estate and stock market bubbles are due to pop, causing a dollar crash. Excessive consumer credit and governmental deficits of unprecedented dimensions will add to the fire. Based on sophisticated new economics, the book America's Bubble Economy gives us advance warning of the "bubble pop" before it happens - and in time to restructure investments not only to weather the storm, but to profit from it. Fortunately, the book does not attempt to be a long, drawn out hyper technical academic treatise. It is easy to understand, has clear logic, and is not overly complex. However, the book has more depth than the surface writing would make it appear. For example, some books on the dollar crisis, or prospective crashes, predict a depression along the lines of the 1930's. Modern economists are unlikely to repeat the mistakes of the 1930's and restrict the money supply in the face of a major downturn. Instead, they will likely increase the money supply dramatically which will produce inflation in response to a major downturn. It will not be a classic depression composed of excess production and labor capacity which was deflationary in the 1930's. The book explores a future downturn from the bubble perspective, based on deeper historical insight into the nature of bubbles, rather than a simple depression model. It leaves the reader with little doubt about the need for investment restructuring to deal with a bubble pop situation. It gives tell tale warning signs to be on the look out for and lays out a clear path as to how the bubble pop will likely occur. While a lot of financial analysis revolves around what not to put money into, this book gives clear and positive investment actions to take to weather the storm, such as purchasing gold. It even gives interesting insights on the future of foreign exchange and the nature of the changes the "bubble pop" will cause. There may be rays of hope and much better weather after the long storm ends - it will be a much more global and electronic economy than today. Don't let the book's easy reading characteristics fool you - the economics behind this book are very sophisticated. In any event, when dealing with future events, high precision is hard to obtain. We can predict for sure that it will snow this winter in Colorado, but it's hard to predict on exactly what minute of what hour, of what day the first snow will occur. We can predict an economic hurricane in the next few years in the form of a bubble pop, but it's hard to predict the exact time and location of its landfall. This book takes the excellent approach of describing the forest without getting lost in describing too many trees. This book is an essential addition for the library of any reader who seeks to understand and prepare against a future collapse of America's housing, stock, and dollar bubbles, and their interaction with the rest of the economy to produce a truly historic bust.
Concerned Investor
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|Basic ideas would fit in one chapter. Poorly edited.,
You can give this book a pass. There's really nothing to it, so save your money. While one might agree wholeheartedly with its premise and conclusions, the exposition here is not the best. For comparison, take a look at Stephen Leeb's Chapter 5 in his "Oil Factor" of 2004 and you will see a much cleaner more informative discussion of just about everything in the "Bubble" book. Leeb is far more succinct and authoritative and manages to avoid what is becoming the most overused word in the language -- "bubble." And he does it in 11 pages.
The investment advice in this book, once you get past all the padding, is to buy gold and euros. The advice on gold at least comes with a cursory analysis of the supply and demand situation, but the advice on the euro is given without support. There's no discussion whatsoever of the economic realities facing the European Union and how they might impact the dollar/euro exchange rates. I'm not saying there isn't a good reason to run to euros, just that it appears nowhere in this book.
One of the other reviewers was as annoyed as I was about the poor editing in this book. In addition to misspelling Warren Buffett's name numerous times, including in the index, there is a general carelessness that made reading each chapter a hunt for mistakes. I expect more from Wiley.
If this is your first exposure to discussion of the multiple problems facing our economy from housing prices, government debt, consumer debt, and foreign exchange risks, it may serve as a readable introduction. However, don't expect too much depth and be prepared for typos and misspellings. A two star rating is pretty generous.
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