In Financial Reckoning Day—an international bestseller published early in this decade—maverick financial writers William Bonner and Addison Wiggin made some bold predictions about the economic difficulties the United States was about to encounter. Unfortunately, much of what they warned about has come true.
Now, in Financial Reckoning Day Fallout, Bonner and Wiggin return to reveal exactly how these events have unfolded—high unemployment rates, record-setting foreclosures and bankruptcies, as well as the near global collapse of the financial institutions once thought to be so secure—and what you can do to protect yourself from today's growing global depression.
Praise for the First Edition
"An investment book that will not only enlarge your investment horizon, but also make you laugh and thoroughly entertain you for a few hours.
"—Dr. Marc Faber, author of the bestseller Tomorrow's Gold, and publisher of the Gloom, Boom & Doom Report
"Financial Reckoning Day is . . . in the category of scintillating sex or good vision, something to be savored and enjoyed—before it is too late.
"—JAMES DALE DAVIDSON, author of the bestseller The Great Reckoning and The Sovereign Individual
"A powerful and insightful vision . . . each paragraph stimulates a new rush of thoughts that fills in gaping holes in the investors' understanding of what has happened to their dreams . . . while prepping them to confront any new confusion that may arise."
—MARTIN D. WEISS, author of the bestseller The Ultimate Depression Survival Guide
Foreword.
Preface to the 2009 Edition: Confessions of a Newsletter Man.
Acknowledgments.
INTRODUCTION.
CHAPTER 1: The Gildered Age.
CHAPTER 2: Progress, Perfectibility, and the End of History.
CHAPTER 3: John Law and the Origins of a Bad Idea.
CHAPTER 4: The Era of Crowds.
CHAPTER 5: Turning Japanese.
CHAPTER 6: The Fabulous Destiny of Alan Greenspan.
CHAPTER 7: Reckoning Day: The Deleveraging of America.
CHAPTER 8: The Hard Math of Demography.
CHAPTER 9: Moral Hazards.
Notes.
Bibliography.
Index.
I love how the authors weave what is going on today with history. The more we think we know the more things never change.
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Posted December 21, 2009
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Overview
In Financial Reckoning Day—an international bestseller published early in this decade—maverick financial writers William Bonner and Addison Wiggin made some bold predictions about the economic difficulties the United States was about to encounter. Unfortunately, much of what they warned about has come true.
Now, in Financial Reckoning Day Fallout, Bonner and Wiggin return to reveal exactly how these events have unfolded—high unemployment rates, record-setting foreclosures and ...