» » Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

Fb2 Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression ePub

by Robert R. Prechter Jr.

Category: Economics
Subcategory: Business and Work
Author: Robert R. Prechter Jr.
ISBN: 047056797X
ISBN13: 978-0470567975
Language: English
Publisher: Wiley; 2 edition (November 9, 2009)
Pages: 482
Fb2 eBook: 1633 kb
ePub eBook: 1184 kb
Digital formats: lrf mobi mbr lit

Robert Prechter has just published a book that will prepare YOU for a financial crisis at least as deep as Japan in the 1990s or the . in the 1930s - a deflationary depression that will wipe out the portfolios of most stock market investors

Robert Prechter has just published a book that will prepare YOU for a financial crisis at least as deep as Japan in the 1990s or the . in the 1930s - a deflationary depression that will wipe out the portfolios of most stock market investors. Conquer the Crash first presents the economic facts that show why a massive deflation is virtually inevitable, and is underway already.

Conquer the Crash book. Written by a leading expert on investing in bear markets, this book is a timely and insightful guide for anyone looking to protect and make money in today's financial markets.

Robert R. Prechter Jr. This New York Times and Wall Street Journal business best-seller first presents the economic . This New York Times and Wall Street Journal business best-seller first presents the economic facts that show why a massive deflation is not just inevitable, it's already under way. The second part of Conquer the Crash is practical - virtually each of the 21 chapter titles explains How To, What To and you Should.

Pros: "Conquer the Crash" by Robert R. is a very good book. He provides resources and, in the latter part of the book, provides how to survive and prosper after the crash. I discovered this at the public library and went "WOW!". I bought a copy for myself and a friend. The author's data is pretty accurate and reliable. He goes through showing how the current market is very unstable and how it got there. He goes through the whole subject of depressions and recessions and shows through graphs that history of the ups and downs of the US economy. Our best shot is to stay constantly on top of financial news that are behind the curtain. Yahoo and MSN ain't gonna cut it.

by. Prechter, Robert Rougelot.

movies All Video latest This Just In Prelinger Archives Democracy Now! Occupy Wall Street TV NSA Clip Library. by. Finance, Personal, Stocks, Depressions, Deflation (Finance). Hoboken, NJ : John Wiley & Sons. (born March 25, 1949) is an American author and stock market analyst, known for his . Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (2 e. by Robert Prechter. Published by John Wiley and Sons. (born March 25, 1949) is an American author and stock market analyst, known for his financial forecasts using the Elliott Wave Principle.

The book was Robert Prechter?s Conquer the Crash, published in early 2002, when the Dow was above 10. .

The book was Robert Prechter?s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock. Fast forward to today: the average . homeowner has suffered a decline of 30% to 40% in property value. Stocks and commodities had their biggest fall since 1929-1932. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true – only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity.

Robert Prechter has just published a book that will prepare YOU for a financial crisis at least as deep as Japan in the 1990s or the . Conquer the Crash first presents the economic facts that show why a massive deflation is virtually inevitable, and is underway already

Gives economic and market analysis and shows how to take steps to protect, survive, and prosper.

book by Robert R. Prechter J.Today's financial and economic tribulations were a long time in the making. Gives economic and market analysis and shows how to take steps to protect, survive, and prosper. This title includes 50 page supplement as well as the safety sources. It is an insightful guide for anyone looking to protect and make money in financial markets.

Robert Prechter's Conquer the Crash is like an eraser and box of chalk to sweep off the nonsense, and replace it.In that atmosphere of feverish hype, Bob Prechter once again turned the tables.

Robert Prechter's Conquer the Crash is like an eraser and box of chalk to sweep off the nonsense, and replace it with knowledge of how markets really work.

Today's financial and economic tribulations were a long time in the making. Many people ask, "Why didn't someone see it coming?" A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained the collapse in home prices, plunge in stocks, subprime debacle, liquidity crisis, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. The book was Robert Prechter?s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock.

Fast forward to today: the average U.S. homeowner has suffered a decline of 30% to 40% in property value. Stocks and commodities had their biggest fall since 1929-1932. Fannie Mae is a zombie corporation under the government?s protection. The Fed has pushed every button at its disposal (and then some), to no avail. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity. Conquer the Crash, 2nd edition offers you 188 new pages of vital information (480 pages total) plus all the original forecasts and recommendations that make the book more compelling and relevant than the day it published.

In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2008, and you'll realize it's true. Even fewer people will be ready for the soon-approaching, next leg down of the unfolding depression. In this 2nd edition, Prechter gives a warning he's never had to include in 30 years of publishing -- namely, that the doors to financial safety are closing all over the world. In other words, prudent people need to act while they can. Conquer the Crash, 2nd Edition readers will receive exclusive online access to the Conquer the Crash Readers Page, where Prechter continually updates the book's recommended services and institutions.

Comments to eBook Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
Xig
Robert Prechter believes that stock market movements are highly predictable. Such movements supposedly follow various patterns (either waves or fractals) that can be uncovered using technical analysis. If this were the case, Prechter would have made a fortune in the stock market. Instead, he has made one selling books with really poor advice.

He positions himself as the Cassandra of the investment set. The only problem is Cassandra had insights, meanwhile he has none. Over 320 pages, Prechter pontificates about investment and economic theory, and geopolitics. Subjects in which he has no well grounded knowledge whatsoever.

Regarding fiscal policy, he mentions that the Feds have lowered interest rate to historically low levels to fight inflation. This is wrong. They lowered interest rate to fight off the risk of deflation.

He states that no one has taken precautions to fight against deflation, simply because the establishment does not believe it could ever happen. Again, this is all wrong. Alan Greenspan has been most concerned about deflation for the past couple of years. This is why he lowered short term rates to historically low levels.

Prechter mentions that the money supply is growing way too fast. He further attempts to explain that inflation is caused by the money supply expanding faster than the production of goods. Well, obviously the money supply has not grown too fast relative to goods over the past decade and a half, given that we have had exceptionally tame inflation during this period. Again the current risk right now is not runaway inflation, it is deflation.

Regarding his investment recommendation, Prechter is not anymore proficient than in economic theory. He recommends you get out of all bonds and stocks investments, and reinvest everything in cash and precious metals. This advice is nonsensical. By following such an investment mix, you will not keep up your purchasing power over time. And, you will have a significant exposure to an investment that is purely speculative (gold). Mr. Prechter is a "Gold Bug" such an investment strategy has been out of date for decades. Owning a bit of gold may be OK, but to make it a major portion of your stock portfolio is financially really dangerous. He even recommends that you cash out your retirement plan and reinvest it after incurring hefty tax penalties in cash and gold. This is because he considers that there is a high risk the Government will confiscate your retirement assets. That is just not a real possibility.

Regarding geopolitics, Mr. Prechter states that 9/11 was the result of a worldwide economic downturn. He has never heard of Wahhabism in Saudi Arabia that preaches the most extreme and violent interpretation of the Koran. Such Saudi Arabian Wahhabists accounted for 15 of the 19 terrorists of 9/11. The causes of 9/11 had nothing to do with an upcoming economic downturn. But, 9/11 certainly precipitated the worldwide economic downturn. Mr. Prechter confuses cause and effect here. And, thinks he is a contrarian genius because of it. I don't think so.

If you want to read books on investment theory, I suggest the excellent books by Burton Malkiel: A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing, Ninth Edition and The Random Walk Guide To Investing. If you want to understand global finance, I strongly recommend: The World Is Curved: Hidden Dangers to the Global Economy and The Two Trillion Dollar Meltdown: Easy Money, High Rollers, and the Great Credit Crash. If you want to inquire about the causes of 9/11, I recommend Longitudes and Attitudes: The World in the Age of Terrorism by Thomas Friedman.
Kashicage
Like always, Precter's timing has been TERRIBLE! He told people to get out of the market in 2002 in the first edition of this book, just when it hit bottom!!! And kept them out for 40% upside!!

Then when the market collapsed in 2008 and early 2009, Precher did NOT release any books that warned about that!!!! This man is a fraud. He will always be warning about a collapse. If you listen to him you are a fool.

According to Mike Stathis.."When the Dow bottomed at 6400 in March 2009, most of these so-called experts (like Prechter) were telling investors that the stock market was headed much further down, and to stay out. With each passing month since then, they have either cautioned investors to stay out of the stock market, or else to short it. Some even told investors to take 200% leverage and short the stock market by (at least) late 2009!" [...]

Prechter has been telling his sheep to short the market using 200% leverage since November! The margin costs alone for such a long short are huge. The market losses have been bigger!

The only book worth reading before and after the collapse is America's Financial Apocalypse: How to Profit from the Next Great Depression written in 2006 by Mike Stathis.

Unfortunately, most people still don't know about Stathis or his book (which predicted Dow Jones 6000, Fannie Mae and Freddie Mac would be bailed out by tax payers, real estate would fall by 35% and much more) because the author (who is an investment strategist and Wall Street professional) has been ignored and banned by the media.

Check Stathis' website [...] and get your hands on everything this man writes because, as a very experienced investment professional I can tell you that he is the only man out there who knows what is going on and is willing to share it with you. And he doesn't sell stocks or gold so you know he doesn't have any bias.

All of the others are frauds and morons looking to make a quick buck selling you fear, greed and terrible advice. Here is a short list of guys who many have been led to believe know what's going on. But once you check what they have said you will either see no beef and/or wrong predictions and terrible advice.

Martin D. Weiss, Robert B. Reich, Peter D. Schiff, Vox Day, Robert Prechter, John A. Rubino, Dick Morris, Robert Shiller, James Turk, the list is too long to complete.

The few that made predictions before the collapse didn't offer any specific advice other than to promote their gold sales. Guys like Schiff said to invest in the Euro! and China would be safe!
Best West
Elliott Waves...are you serious? If you believe technical analysis, then you might enjoy this book. But I think Warren Buffett said it best..."I realized technical analysis didn't work when I turned the charts upside down and didn't get a different answer" and "If past history was all there was to the game, the richest people would be librarians."

The reality of inflation or deflation will be played out - my bet is on inflation - but make your own choice. If you are convinced deflation is coming, then definitely, hoard cash so you can buy assets cheaper tomorrow. Of course you forgo the pleasure of the assets you could have purchased, and the income from investments you could have made.
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