Produktbild: Wiedemer, R: Aftershock

Wiedemer, R: Aftershock Protect Yourself and Profit in the Next Global Financial Meltdown

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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

09.05.2014

Verlag

John Wiley & Sons

Seitenzahl

384

Maße (L/B/H)

23.6/15.6/3.8 cm

Gewicht

590 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-118-37562-4

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

09.05.2014

Verlag

John Wiley & Sons

Seitenzahl

384

Maße (L/B/H)

23.6/15.6/3.8 cm

Gewicht

590 g

Auflage

3. Auflage

Sprache

Englisch

ISBN

978-1-118-37562-4

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  • Produktbild: Wiedemer, R: Aftershock
  • Executive Summary xi

    Acknowledgments xiii

    Preface to the Third Edition of Aftershock xv

    Introduction: Your Guide to the Third Edition of Aftershock xix

    Part 1 The Coming Aftershock 1

    Chapter 1 This Recovery Is 100 Percent Fake 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 Sure This Recovery Is 100 Percent Fake? 17

    Don't Believe the Stimulus Has to Eventually End? There Is a Limit to What the Government Can Do 23

    Wondering Why the Aftershock Hasn't Happened Already? "Animal Spirits" Are Keeping Are Keeping Us Going 24

    Please Prepare Now 27

    Chapter 2 America's Bubble Economy 31

    Because Our Earlier Books Were Right, Now You Can Be Right, Too 36

    Didn't Other Bearish Analysts Get It Right, Too? 39

    How the "Experts" Got It So Wrong 41

    Predictions from Ben Bernanke and Henry Paulson--We Trust These Officials with Our Economy 46

    Where We Have Been Wrong 47

    Chapter 3 Phase 1: The Bubbles Begin to Burst 53

    Bubbles "R" Us: A Quick Review of America's Bubble Economy 54

    From Boom to Bust: The Virtuous Upward Spiral Becomes a Vicious Downward Spiral 60

    Pop Goes the Real Estate Bubble 61

    Pop Goes the Stock Market Bubble 68

    Pop Goes the Private Debt Bubble 72

    Pop Goes the Discretionary Spending Bubble 76

    The Biggest, Baddest, Bad Loan of Them All 79

    Chapter 4 The Market Cliff 83

    The Market Cliff Won't Be Just a "Down Cycle" 84

    Hitting the Market Cliff 89

    The Last Resort: A Stock Market Holiday 94

    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? 99

    What Is Inflation? 100

    What Exactly Is Money Printing? 101

    How Does Money Printing Cause Inflation? 102

    Central Banks Gone Wild: The World Is Printing Money 104

    Where Is Inflation Hiding? 109

    1. "Lag Factors" Delay the Onset of Inflation 109

    2. Government Statistics Underreport Inflation 112

    3. Strong Motivation to Maintain the Bubble Economy Will Delay Most Inflation Until after the Market Cliff 112

    The Arguments against Future Inflation Simply Don't Hold Up 114

    This Is Not a Plan, It's a Panic! 121

    The Real Problem with Rising Future Inflation: High Interest Rates 123

    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) 127

    When Will Inflation Begin? When Group Psychology Turns Negative after the Market Cliff 131

    The Inflation Deniers Are Liars! 134

    Chapter 6 Phase 2: The Aftershock 137

    The Dollar Bubble: Hard to See without Bubble-Vision Glasses 138

    The Government Debt Bubble Pops 160

    The Aftershock 166

    The Six Psychological Stages of Denial 167

    Is There Any Scenario for a Soft Landing? 172

    Chapter 7 Global Mega-Money Meltdown 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

    Part 2 Aftershock Dangers and Profits 193

    Chapter 8 Covering Your Assets 195

    The Three Rules for Not Losing Money 195

    These Rules Are Simple but Not Easy! 196

    Long Term versus Short Term 199

    Rule 1: Exit Stocks Well Before the Market Cliff 201

    Rule 2: Stay Away from Real Estate Until after All the Bubbles Pop 207

    Rule 3: Avoid Bonds and Most Fixed-Rate Investments as Interest Rates Rise 219

    Where's the Best Place to Stash Cash? 221

    How Long Must We Follow These Three Rules? 222

    Letting Go Is Hard to Do 222

    What Else Can I Do to Protect Myself? 225

    Remember, Your Net Worth Is Not Your Self-Worth 228

    Chapter 9 Cashing In on Chaos 229

    Plenty of Profit Opportunities, but They Will Feel Quite Uncomfortable, Even Scary at Times 229

    This Economy Is Evolving; Your Investments Should Evolve, Too 230

    Three Goals of an Evolving Aftershock Investment Portfolio 232

    Reducing Risk with a New Kind of Diversification 233

    Timing Is Everything before the Bubbles Pop, but It Won't Be Perfect 247

    Aftershock Investing after the Bubbles Pop: Gold, Foreign Currencies, and Foreign Bonds 248

    Putting It All Together: Aftershock in Action 253

    Chapter 10 Aftershock Jobs and Businesses 257

    The Rising Bubble Economy Created Huge Job Growth; Now the Falling Bubble Economy Means Fewer Jobs 258

    Conventional Wisdom about Future Job Growth Is Based on Faith that the Future Will Be Like the Past 260

    Why Conventional Wisdom on Jobs Is Wrong 261

    What's a Savvy Aftershock Investor to Do? 262

    The Falling Bubbles Will Have Varying Impacts on Three Broad Economic Sectors 265

    Should I Go to College? 274

    Opportunities after the Bubbles Pop: Cashing In on Distressed Assets 275

    Dig Your Well before You Are Thirsty 277

    Chapter 11 Understanding Our Problems Is the First Step Toward Solving Our Problems 279

    If You Don't Understand Why an Economy Grows, You Can't Understand Why It Doesn't Grow 279

    You Need to See the Big Picture before You Start to Focus 280

    Key Breakthroughs in the History of Economic Thought 282

    Economics Needs a Breakthrough Big-Picture Idea like Geology Needed Continental Drift 289

    So Why Aren't We Getting an Alfred Wegener or a Breakthrough Idea like Continental Drift? 291

    Economists Have Become Academia's Version of Financial Cheerleaders 291

    The Demands to Get Tenure and the Rewards of the Good Life after Tenure Have Delivered a One-Two Punch to Creative Economic Thought 292

    Where to Now? Answer: Economics Needs to Move from Being a Collection of Competing Philosophies to Being a
    Unified Science 295

    Four Key Elements for Making Economics More of a Science 297

    Where Do We Stand Today in Making This Transition? 301

    The Economics Profession Does Not Want to Make This Transition 302

    The Solution to the Lack of Interest in Making Important Changes in Economics: The Coming Aftershock 304

    Chapter 12 Our Predictions Have Been Mostly Accurate, So Why Do Some People Still Dislike Them? 307

    It's Not a Cheerleading Book 309

    It's Not a Complex Book (Although It Is Based on Complex Analysis) 310

    It's Not a Crazy Book 313

    It's Not an Academic Book 313

    It's Not Suggesting Armageddon 314

    It's Not a Reality-Denying Book 314

    Us versus the Comforters: How Aftershock Stacks Up against Other Bearish Books 315

    Epilogue: Say Good-Bye to the Age of Excess 323

    Appendix: Are the Bond, Stock, and Gold Markets Manipulated? 327

    Bibliography 339

    Index 345