Synopses & Reviews
Recovery? What Recovery?
Did you lose money in the stock market in the last financial crisis of late 2008?Has your home lost value? Are you "underwater" in your mortgage or concerned about selling?
Do your dollars buy less than they used to at the grocery store and the gas pump?
Have you lost your job or know someone who did?
Are you worried about the safety of your money and investments?
Don't Get Fooled Again!
While the "experts" want us to believe that all is well (or will be soon), nothing could be further from the truth. The worldwide financial crisis of 2008 and 2009 was just a sneak preview of what is to come. For those who act quickly and correctly, there is still time to protect yourself, your family, and your business in the next global money meltdown. Updated and fully revised, this Second Edition of the Wall Street Journal business bestseller Aftershock can help you:
Protect and grow your assets before, during, and after the next global financial crisis
Spot and cash in on the best new investment opportunities
Know which jobs, careers, and business sectors will fare the best
Profit rather than lose when asset bubbles collapse around the world
From the reviews of the critically acclaimed First Edition:
"Their scenario is dark, and their strategies bold and unconventional. But after being on target the last time they went against the grain, the Wiedemers merit being heard out."
—The Associated Press
"Surrounded as we are by growing talk of recovery and news about 'green shoots,' it's still refreshing to consider the different perspective that Wiedemer, Wiedemer, and Spitzer offer here."
—Robert J. Hughes, SmartMoney
"Aftershock makes a compelling argument for a chilling conclusion. Their track record demands our attention."
—Sam Stovall, Chief Investment Strategist, Standard & Poor's
"The fragility of today's economy demands that we, as investors, allocate our assets with more prudence and focus than ever before. The authors' prescience in their first book lends credence to their new warnings. This book deserves our attention."
—Robert Friedman, former CFO, Goldman Sachs
"Their first book, America's Bubble Economy, was one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy. Now they've done it again."
—Paul B. Farrell, JD, PhD, Senior Columnist, Dow Jones/MarketWatch
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 meltdownMake wise investment decisions regarding stocks, bonds, real estate, and moreKnow which jobs, careers, and businesses will fare the bestProfit from the collapsing bubblesOther 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.
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, Aftershockgoes beyond the outdated notion of "market cycles" to help readers clearly recognize and quickly respond to the rapidly evolvingeconomy. Things are notgoing back to how they were before. Instead, we are moving through uncharted territory, with new challenges and opportunities few people anticipate. Aftershockshows 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
From the authors who accurately predicted the domino fall of the conjoined real estate, stock, and private debt bubbles that led to the financial crisis of 2008 and 2009, now comes the definitive look at what is still ahead in 2012 and beyond—and what investors can do right now to protect themselves.
Based on the authors' unmatched track record of precise predictions in the two landmark books America's Bubble Economy and Aftershock, this Second Edition of Aftershock updates the original book by more than 35 percent with fresh analysis of the latest economic developments, plus offers new in-depth advice for how readers can prepare now for protection and profits in the next global money meltdown.
The second edition of Aftershock shows readers:
Why the latest actions by the U.S. Federal Reserve will eventually damage the dollar and hurt investors worldwide
How future rising inflation and interest rates will harm your specific investments, and what to do about it
The future fall of China's bubble economy, as well as current and future problems with European debt
Detailed investment advice about real estate, retirement, annuities, life insurance, and much more
What's next for stocks, bonds, currencies, commodities, and other assets
How to buy and own gold and silver before, during, and after the coming Aftershock
A practical guide to preparing for the next phase of the financial meltdown
From the authors who were the first to predict Phase I of our current economic downturn-in their landmark 2006 book, America's Bubble Economy-comes their insightful sequel discussing their predictions 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 most financial professionals and economists missed-the authors explain how and why the next phase of the financial meltdown is about to hit. Things are not going back to how they were before. Instead, we are moving through uncharted territory, with new challenges and opportunities that few people can anticipate. Written in a straightforward and accessible style, Aftershock shows readers how to seek safety and profits in these dynamic economic conditions.
- Discusses how to protect assets, businesses, and jobs before and during the second wave of financial meltdown
- Provides 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
The authors' first book was chosen by Kiplinger's as one of the 30 Best Business Books of 2006, and its accuracy has been hailed by Paul Farrell of Dow Jones MarketWatch when he said "America's Bubble Economy's Predictions, though ignored, were accurate." Don't miss out on these time tested author's proven advice for how to mange your money during the coming financial meltdown.
About the Author
, 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 Absolute Investment Management. He holds a doctorate in economics from the University of Wisconsin-Madison.
Robert A. Wiedemer is a Managing Director of Absolute Investment Management, a macro-focused money management firm that is in alignment with the macroeconomic analysis and perspective of Aftershock. Mr. Wiedemer holds an MBA from the University of Wisconsin-Madison.
Cindy Spitzer is an award-winning author who has collaborated on more than twenty books since 1993 including Chicken Soup for the Soul, Buy and Hold Is Dead (Again), America's Bubble Economy, and many others. She is President of Aftershock Consultants, a consulting firm that provides support and insights to individuals, families, and businesses, based on the ideas in Aftershock.
Table of Contents
Executive Summary vii
Preface to the Second Edition of Aftershock xi
Introduction Your Guide to the Second Edition of Aftershock xv
PART I First the Bubblequake, Next the Aftershock 1
Chapter 1 America's Bubble Economy 3
Understanding How We Predicted the Bubblequake Four Years Ago Is Key to Understanding Why Our Latest Predictions Are Correct
Chapter 2 Phase I: The Bubblequake 27
Pop Go the Housing, Stock, Private Debt, and Spending Bubbles
Chapter 3 The Medicine Becomes Poison: Dangerous Inflation Ahead 61
Chapter 4 Phase II: The Aftershock 93
Pop Go the Dollar and Government Debt Bubbles
Chapter 5 Global Mega-Money Meltdown 131
It's not Just America's Bubble Economy, It's the World's Bubble Economy
PART II Aftershock Dangers and Profits 151
Chapter 6 Covering Your Assets 153
How Not to Lose Money
Chapter 7 Cashing in on Chaos 187
Best Aftershock Investments
Chapter 8 Aftershock Jobs and Businesses 217
The Good, the Bad, and the Ugly
Chapter 9 Understanding Our Problems Is the First Step Toward Solving Our Problems 231
Chapter 10 Our Predictions Have Been Accurate, So Why Do Some People Still Dislike Them? 257
Epilogue Say Good-Bye to the Age of Excess 275
Appendix Are the Stock and Gold Markets Manipulated? 279
Potential Stock Market Manipulation by the Federal Reserve