Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
WILL Deflation and depression really happen?\ WHAT Causes deflation and depression?\ CAN The Fed or the President prevent deflation?\ WHERE Can you find the few exceptionally sound banks, insurers, gold dealers and other essential service providers that can help you protect your wealth?\ HOW Should you arrange your finances and your life in order to survive the depression, prosper while it's happening, and take advantage of the unprecedented opportunity coming at the next major bottom?\ Not...
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In the mid-2000s, optimists encouraged all kinds of risky behavior, such as: investing in stocks ("for the long run"), real estate ("it never goes down"), oil ("the world has run out"), commodities ("China must have them"), derivatives ("they will protect you"), hedge funds ("quants have it all figured out") and countless default-prone IOUs ("they're AAA rated and guaranteed by AIG!"). Everyone agreed that deflation was impossible. The people who read Conquer the Crash got a different story. If you were fortunate enough to have read the first edition of Robert Prechter's Conquer the Crash, your money was safe and sound as stocks, real estate, commodities and many bonds plummeted. The book reads like an ongoing script of what has happened so far. If the author is right, the most intense portion of the financial crisis is yet to come, and those who are properly positioned will not just survive, but prosper. So you can still benefit from this book. This brand-new second edition is being published near another peak in social optimism, with the S&P stock index back above 1000, high-profile bears calling for hyperinflation, economists assuring us that the recession is over and authorities announcing that they have saved the financial system. If you trust the experts that markets will soar, that all is well and your finances are safe, read this book before it's too late. If you act soon, it could save your financial life.
ForewordxivBook 1Why a Stock Market Crash, Monetary Deflation and Economic Depression are Likely to Occur SoonPart IThe Case for Crash and Depression1A Myth Exposed52When Do Depressions Occur?173When Do Stock Markets Turn from Up to Down?224The Position of the Stock Market Today325Evidence from Stock Participation and Economic Performance416The Significance of Historically High Stock Market Valuation507The Significance of Historically Optimistic Psychology638Implications for the Stock Market and the Economy78Part IIThe Case for Deflation9When Does Deflation Occur?8710Money, Credit and the Federal Reserve Banking System9611What Makes Deflation Likely Today?10512Timing Deflations: The Kondratieff Cycle11313Can the Fed Stop Deflation?121Book 2How to Protect Yourself and Profit from Deflation and Depression14Making Preparations and Taking Action13915Should You Invest in Bonds?14316Should You Invest in Real Estate?15117Should You Invest in Collectibles?15818Should You Invest in "Cash"?16119How To Find a Safe Bank17520Should You Speculate in Stocks?19021Should You Invest in Commodities?20322Should You Invest in Precious Metals?20823What To Do With Your Pension Plan21824What To Do With Your Insurance and Annuities22125Reliable Sources for Financial Warnings22626How To Ensure Your Physical Safety23127Preparing for a Change in Politics23728How To Identify a Safe Haven24329Calling in Loans and Paying off Debt24730What You Should Do If You Run a Business25031What You Should Do with Respect to Your Employment25332Should You Rely on Government To Protect You?25533A Short List of Imperative "Do's" and Crucial "Don'ts"26134What To Do at the Bottom of a Deflationary Crash and Depression264Services That Can Help You Survive and Prosper in a Deflationary Depression267Supplement for 2004281Media & Misc. References331
