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

3.5 11
by Robert R. Prechter Jr.
 

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Today's financial and economic tribulations were a long time in the making. Many people ask, "Why didn't someone see it coming?" A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained the collapse in home prices, plunge in stocks, subprime debacle, liquidity crisis, the demise

Overview

Today's financial and economic tribulations were a long time in the making. Many people ask, "Why didn't someone see it coming?" A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained the collapse in home prices, plunge in stocks, subprime debacle, liquidity crisis, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. The book was Robert Prechter s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock. Fast forward to today: the average U.S. homeowner has suffered a decline of 30% to 40% in property value. Stocks and commodities had their biggest fall since 1929-1932. Fannie Mae is a zombie corporation under the government s protection. The Fed has pushed every button at its disposal (and then some), to no avail. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true — only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity. Conquer the Crash, 2nd edition offers you 188 new pages of vital information (480 pages total) plus all the original forecasts and recommendations that make the book more compelling and relevant than the day it published. In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2008, and you'll realize it's true. Even fewer people will be ready for the soon-approaching, next leg down of the unfolding depression. In this 2nd edition, Prechter gives a warning he's never had to include in 30 years of publishing — namely, that the doors to financial safety are closing all over the world. In other words, prudent people need to act while they can. Conquer

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)

Meet the Author

Robert Prechter, Jr., is a social theorist and market analyst. He is President of Elliott Wave International (elliottwave.com), a publishing firm serving investors around the world. Prechter has authored 14 books. His Elliott Wave Principle with A.J. Frost in 1978 predicted the great bull market. Conquer the Crash (first edition, 2002) forecasted the financial meltdown.
Prechter's two-book set Socionomics (1999/2003) presents his seminal hypothesis that endogenously regulated waves of social mood determine the character of social actions. His Socionomics Institute (socionomics.net) is dedicated to explaining and applying socionomic theory.
For more information, please visit RobertPrechter.com.

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Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression 3.5 out of 5 based on 0 ratings. 11 reviews.
Anonymous More than 1 year ago
The 2nd edition of this book gets a 4.9 out of 5.0 from me. It's not the essence of its candid prediction that has come mostly true, but of explaining the social economic picture that was the root cause of the issue. Preacher did not get the exact time-line precisely correct and I have read numerous reviews criticizing him on this. We bought ourselves an extra 5 years of "Good Times", before what Preacher addressed finally unfolded. If you are interested in learning more about social-economics and how this effects the financial picture today and going forward this is an excellent-book to read. It' honest, candid and has turned out to depict a very accurate picture of what has unfolded thus far, since the first edition was released almost 8 years ago.
Guest More than 1 year ago
Another great book by Prechter. The evidence presented in this book is sound and obviously well researched. For those of you with open minds, I would strongly recommend it. For those of you who cannot accept the truth or reality, there is always the book DOW 40,000. There you can escape into fantasy. The timing of the book is a little late, but let's face up to the facts: Did anyone really want to read this a year or two ago in such a bullish environment? Not likely!! Keep up the great work Robert, one day you will go down in history for your research and the new science of socionomics. I look at the financial world a lot differently now. I have no losses to recover and only sound investments. Thank You for your insights.
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Guest More than 1 year ago
Prophets of doom have always made entertaining reading. In his latest fire-and-brimstone warning, Robert R. Prechter, Jr., an experienced forecaster of long-term economic and social trends, says financial Armageddon is just around the corner. While his technical analysis (¿Wave Theory¿) may appear to be stock-market astrology, readers may appreciate his examination of the basic functions of money and credit, his argument that worldwide central banking has fundamentally altered these functions, and his perceptive comparisons of the late 1990s with the Roaring Twenties. Prechter might have appealed to a broader audience by toning down his graphs and technical talk, and focusing instead on his investment suggestions: If the market turns down, you¿ll save your skin, but even in a bull market, keeping your money safe can¿t hurt. We recommend this book to anyone looking for bear-market investment advice, as well as those interested in technical analysis or an opinionated view of business and market cycles.
Guest More than 1 year ago
Prechter presents a very compelling analysis to support his extremely pessimistic view of the near term future. This book is an important work. Even if his predictions do not materialize, the possibility must be considered. As much I as do not want to believe Prechter, this book gives the reader much to ponder. My relatively conservative approach to the stock market makes me think I have a reasonable amount of protection for my portfolio. But Prechter's expectation that the Dow Jones Industrail Average will plummet to under 1000 puts that belief in jeopardy. Each reader must decide for himself how much protection is required. Read this book, then make your decision. Your financial life may depend on that decision.
Guest More than 1 year ago
This book offers reasons as to why we are heading into a deflationary depression. After reading his explanations, the arguments this book makes seem logical and convincing as similar arguments made by the same author in 1987 and 1995 in the book 'at the crest of the tidal wave'. One of the biggest weaknesses of this book is its timing.The book was published June of 2002 after the markets dropped by up to 70% (as in the Nasdaq) and investors have already suffered heavy losses. This makes me wonder whether the author wanted to avoid being wrong for a third time by waiting two years after the start of the collapse to publish the book.When you are predicting events timing is critical. Even though the authors arguments seem convincing , there are equally legitimate arguments to the fact that the market downturn we are presently in is related to misguided Federal reserve policy. The Fed pumped money into the system between 1998 and late 1999 creating a lending spree by banks to startup businesses and then pulled the plug by increasing rates and starving startup companies for capital. This resulted in slowing orders to other companies and a domino effect. Such an argument does not point into a depression. So which one is true? For me it does not matter. What I am interested in is how to recover my losses in the market. If you have lost 30-70% of your money in the market , would you be willing to liquidate and place your money in your mattress based on a single person predictions that could be wrong as they have been before?. What I am mainly looking for is how to recover my losses over time and learn from my mistakes so as not to have the same thing happen again. I found other books that show you how to deal with recovering your losses and be a smarter investor such as 'Financial freedom through trading' by Van Tharp and 'Generate thousands in cash on your stocks without selling them' by Elias to be much more useful in taking action now to recover losses . This book is an interesting read but I would recommend that you take the gloom and doom predictions with a grain of salt