Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

by Robert R. Prechter Jr.
     
 

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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

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Overview

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.

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Editorial Reviews

From the Publisher
"Conquer the Crash with This Important Book: All of the analysis and insight from the original edition is included in the new second edition. But Prechter has added 188 pages of entirely new material, and every one of the book's pages is worth reading and re-reading, even if your copy of the original edition is coffee-stained and dog-eared."
—Tim Bost, Financial Cycles Newsletter

"Prechter's advice for most investors, as described in the recently released second edition of his book [Conquer the Crash], is fairly simple: Play it Safe…Patience is a Virtue…Return of Capital Is Key."
—Aaron Task, Yahoo Finance

Product Details

ISBN-13:
9780470567975
Publisher:
Wiley
Publication date:
11/09/2009
Pages:
456
Product dimensions:
6.30(w) x 9.30(h) x 1.60(d)

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