Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown
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In 2006, with home values high and credit flowing, authors David Wiedemer, Robert Wiedemer, and Cindy Spitzer accurately predicted the popping of the housing bubble, the collapse of the private debt bubble, the fall of the stock market bubble, the decline of consumer spending, and the widespread pain all of this was about to inflict on the rest of our economy. How did they get it so right while others got it so wrong? The authors saw a fundamental underlying pattern that others were—and, unfortunately, are still—missing. It may seem like the worst has come and gone, but it hasn't, say the authors in this new book. Things are not going back to how they were before. In Aftershock, the authors offer the definitive look at what is still to come—and what investors must do to protect themselves. This is not merely a down market cycle, the authors explain, nor is it a typical recession. It is a multi-bubble economy that is being hit by a "Bubblequake"—and the coming Aftershock will be far more dangerous. Aftershock details the next bubbles about to burst, including the Dollar Bubble and the Government Debt Bubble, while there's still time to protect your assets and position yourself to survive and thrive in this dangerous, yet potentially profitable new environment. They offer specific advice on how to profit and, more importantly, how not to lose money during the Aftershock. They identify the best Bubblequake and Aftershock investments—those that take advantage of a falling stock market and those that take advantage of a falling dollar. And they reveal where the jobs will be in what they call the "Necessities Sector," composed primarily of health care, education, and government services. Despite how well the economy appeared to be doing in 2006, these authors predicted it would only be two or three years before America's multiple bubbles would begin to decline and eventually burst. It turned out they were right. There is still time for individuals and businesses to cover their assets and even find ways to profit in the Aftershock. Those who followed the authors' advice in 2006 have profited handsomely—and now, readers of Aftershock will get a second chance.
Executive Summary viiAcknowledgments ixIntroduction xiPart 1 First the Bubblequake, Next the AftershockChapter 1 America's Bubble Economy 3Chapter 2 Phase I: The Bubblequake 25Chapter 3 Phase II: The Aftershock 60Chapter 4 Global Mega-Money Meltdown 98Part 2 Aftershock Dangers and ProfitsChapter 5 Covering Your Assets: How Not to Lose Money 115Chapter 6 Cashing in on Chaos 127Chapter 7 Aftershock Jobs and Businesses 148Part 3 A New View of the EconomyChapter 8 Forget Economic Cycles, This Economy Is Evolving 163Chapter 9 The New View of the Economy Helped Us Predict the Current Bubblequake, So Why Don't Some People Like It? 191Chapter 10 Phase III: A Look Ahead to the Post-Dollar-Bubble World 207Epilogue Say Good-bye to the Age of Excess 225Appendix A Forces Driving the Collapse of the Bubbles 229Appendix B How We Can (and Will) Solve Our Economic Problems 255Bibliography 261Index 265
