Learn more about Rober Wiedemer, Dr. David Wiedemer and Cindy Spitzer, the authors of the best selling book Aftershock. REVISED, EDITED. After all, the authors were right once before.”. | eBay!. 2 Sep The three co-authors, brothers David and Robert Wiedemer, and Cindy Aftershock, now in its second edition, has spent the past month in the.
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Here, America is set apart from much of the rest of the world. In a tight death spiral, interest rates, inflation, and unemployment will rise, squeezing the first four bubbles some more, slowing the economy more. A whole different issue is government debt, which is in this review bundled together with government spending. With foreign investors becoming less interested in investing in the United States and ultimately moving their capital out of their U.
Subject to credit approval. For these last points, the book deserves 5 stars despite of its fundamental shortcomings.
I also agree that a significant stock market correction is now just around the corner, possibly one or two months out nobody will notice if this reviewer is wrong. Interest rates will climb, as will inflation. Divorces will increase and domestic violence will increase. Then comes the tips for protecting yourself. Prepare for your stocks,bonds, and your house value to drop. Dec 31, Christopher rated it did not like it. However, they seem to fail to recognize that humans are ingenious in cheating their way out of all sorts of tight spots again, try to argue success story of the human journey.
The authors’ prescience in their first book lends credence to their new warnings. Skip to main content. Basically, they see the huge aftershoci of private This book was repetitive halfway through, I cringed every time I read “multi-bubble economy” and vague.
Learn more – opens in a new window or tab. The Fed’s stats are 1. Jul 10, Lori rated it really liked it Shelves: A timely warning about the collapse of the dollar because of our high public debt, and what that will mean for us in the near future. Should the economic hell the Wiedemers predict come to pass, it would dry up all of their revenue sources.
Just one step further, and then another, their own models would quickly duplicate that the end result would near a zero-sum game. There, that is my rant. People who viewed this item also viewed. As for style, the authors spend too much time praising themselves and their prediction history, and the content often seems to lack substance — the advice to “buy gold” does no A timely warning about the collapse of the dollar because of our high public debt, and what that will mean for us in the near future.
Aftershock: Finding fortune in marketing doom
It would take quite a bit of time to validate all of the assertions that this book makes, and that other books like this make.
It is very specific in its predictions and shows a brutal future for the economic wealth of not only the US but the world starting in the next 3 years and lasting for 20 years longer. Sell everything, and aftershodk into gold and inflation-linked securities.
Shamelessly after the end of multiple chapters they would end it by telling you to buy their financial services. Huge amounts of foreign wifdemer in our economy as the bubbles grew boosted the dollar’s value, but it is all crumbling and will accelerate as foreign investors pull out.
Their message is not complicated, not abstract economic theorizing, but neither is it fluff.
Finally got serious about reading. Well, I wasn’t real thrilled about the ‘you can call our investment firm for ediyion on how to handle your money during the upcoming hellish times’ advertising aftershok, but I certainly wouldn’t want to be holding cash if we experience hyperinflation. Continuing increases in GDP require either more consumption by existing populations since there must be an upper limit to need, even perhaps to want, such increases necessarily must reach an end, where all needs are met, where consumption reaches its saturation point or continual increases in global population that would create new consumers here we run into the carrying capacity, however defined, of the planet.
Jul 06, Lisa Cindrich added it Shelves: In America’s Bubble Economypublished inWiedemer and his co-authors claimed that the US economy was resting on a series of six bubbles which would pop in the following years.
Eobert believe that there’s going to be a government debt bubble burst and a dollar bubble burst. A MUST read if you want to save yourself from world, financial calamity.
Since then, high finance and derivative instruments were widely used, and their destructive consequences were probably understood by those that had invented them. Contentious material about living persons that is unsourced or poorly sourced must be removed immediatelyespecially if potentially libelous or harmful.
I am ‘taking this book under advisement’ with regards to taking action on my family’s finances.
Aftersohck instance, the current stock market rally February goes against their theory that the stock market bubble has popped. Their wailing against their own is old news and no longer an insider joke.
I started off not wanting to like this book and in the end I still didn’t like it. Learn more – opens in new window or tab eBay Money Back Guarantee Get the item you ordered or get your money back. Now the brothers are branching out. Very minimal wear and tear.
Aftershock: Finding fortune in marketing doom | Fortune
If nothing else, the most salient points could easily be put into an executive summary that would be, at most, a few pages long. For those still in need of a wakeup call, Aftershock is well worth the time. The authors are silent about the lack of historical data on which such models could be built and also about the fact that economies are inherently unstable and under constant fire of attempted disruptions.
I also believe that we can’t get something for nothing – at least not in a sustainable way. The authors claim that the United States will inevitably default on its debt.