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Posted February 18, 2006
Interesting but somewhat cumbersome
I liked this book. It covered a LOT of territory. I definitely feel better educated about foreign investments. However, be warned that the book does get technical and cumbersome in places. It could be better organized. And, at times I felt that there was simply too many topics to fill pages. Better editing and organization would have improved it.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted September 8, 2005
Addison Wiggin is a modern Jeremiah, warning that the U. S. economic sky is falling. Apparently the market for bad news is thriving. His `Daily Reckoning¿ newsletter boasts half a million subscribers and his prior work, `Financial Reckoning Day¿, was an international bestseller. Although one might quibble with the repetitious, even querulous tone of his narrative - okay, we¿ve got it already, the U.S. economy¿s a mess - it¿s pretty tough to dispute Wiggin¿s facts. The double-whammy of huge trade deficits combined with a colossal budget deficit has put the U.S. economy on such perilous footing that only a series of Federal Reserve Board-engineered investment bubbles, combined with runaway consumer spending, has kept it from falling like a muffed soufflé. The only flaw in his logic is history itself. Someone apparently forgot to inform the Americans that their economy is supposed to be failing. Their 'naïve' energy, ambition and optimism continue unabated. We strongly recommend this gothic economic treatise, if only because history also suggests that even a great party can¿t last forever.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.