Advice on protection and profits in the short and long term future from the experts who accurately predicted the financial crisis of 2008, and who now have more detailed information about what is yet to come.
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 comes the definitive guide to protection and profit in 2012 and beyond. Based on the authors' unmatched track record of precision predictions in their three landmark books, America's Bubble Economy (Wiley, 2006), Aftershock (Wiley, 2009), and Aftershock, Second Edition (Wiley, 2011), their next book offers what readers have been clamoring for: A detailed guide to how to put Aftershock in action, with 14 new chapters on what investors need to know to survive and thrive in the next global money meltdown.
The Aftershock Investor shows readers:
Those who heeded the authors' warnings last time were able to successfully ride out the financial crisis of 2008 and even cash in on the years that followed. Now The Aftershock Investor offers readers a second chance at protection and profit in the next financial crisis ahead.
©2012 David Wiedemer, Robert A. Wiedemer, and Cindy S. Spitzer (P)2013 Audible, Inc.
I'm a lawyer and mediator. I represent businesses in disputes with their insurers and in other complex litigation. I also assist machinery companies and manufacturers (primarily international) with equipment sales, non-disclosure agreements, and business issues. I also mediate commercial disputes.
The authors have built quite a franchise with their Aftershock series, which, like a number of others, predicts that the Fed's money printing and bond buying will end badly, essentially in a depression in which the economy will ultimately re-set. There certainly is plenty to worry about and the authors make a good case for their position.
What is disappointing is that the authors really do not present a lot of actionable investment advice or other advice. It might be summarized as buy gold and learn a useful skill that involves repairing things. To that end, I think the title is a little misleading. It should be noted that there is an Aftershock mutual fund (SHKNX), although it has high expenses and its performance has been pretty awful as of the date of this review (February 1, 2014). Of course, that does not necessarily provide a means for judging it because the market boomed in 2013 -- the authors would argue as a result of a fake recovery pumped up by Fed stimulus -- and the fund is presumably built to do well in a crash or the aftermath.
Another disappointment -- although not surprising -- is that the book seems to offer a lot of recycled material. I'm going on memory here from the original Aftershock, but there is a lot here that will be very familiar if you have read the authors' prior works. Further, it seems to me that there are parts of the book that are very repetitive. My impression after listening is that the book could really use a good editing.
In terms of actionable advice, there's not much here. To me, the overall economic thesis of the book is persuasive, and it makes sense to be cautious and to keep a very close eye on things. Readers might want to consider "The Permanent Portfolio" for more actionable advice.
While the information in the book was interesting it seems that the main purpose of the book was to promote their investment consulting business and website.
The amount of detailed info to back up their predictions.
How much manipulation is taking place in our overall economy.
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