Customer Reviews

Beat the Millennium Crash: How to Profit from the Coming Financial Crisis (New York Institute of Finance)

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Don't waste your money on this book. This guy has been preaching the proverbial doom and gloom scenario to anyone who will listen for as long as I can remember. His "financial meltdown" hyperbole is a complete scam, and the only thing that will suffer a crisis is this guy's reputation.

With his usual innate common sense, ( a rare commodity in itself ), Jake Bernstein calmly analyzes the millennium market and offers some surprising predictions, along with quite a few sound assessments, and outlines what actions are needed to be taken by today's astute investor. It's the wise one who will read, absorb and note the reality of these possible trends in this unique market. Some of the news may seem unflinchingly bad, but taken like that *spoonful of medicine*, and acted upon, fortunes instead of losses may be made. Read it and heed ... and thanks, Jake Bernstein, for another classic bit of analysis. Many will be indebted to you for the uncanny foresight in the pages of "Beat The Millennium Crash".

After reading Beat the Millennium Crash : How to Profit from the Coming Financial Crisis by Jake Bernstein, investors can begin to see the potential for gain rather than focusing on the problems associated with the Y2K bug. I agree with Mr. Bernstein in that we are due for a cyclical bottom in interest rates in the near future, and that a panic top in the stock market is certainly a possibility. The fear of investors losing access to their (online) investments, and thus their unrealized wealth for a period following the start of the new Millennium will certainly add fuel to this fire. This does not have to be a negative for investors willing to invest in long term gold stocks as Jake points out in this new text. Thanks Jake for breaking the mold of "Doom" and "Gloom" others seem to be so trapped in.

Inthe late1980's Bernstein wrote in his book The New Prosperity about a potential war in the mid east,the coming collapse of the japanese economy and a long bull trend for our economy in the nineties. He again plays the contrarian in Beat the Millenium crash.

Finished it in two hours. Couldn't put it down. Fantastic coverage of vast topic. Great stategies. Part of my permanent collection. I'm ready for Y2K.

The book gave be a clear understanding of what the Y2K thing means in the larger economic scheme of things. Easy to read non technical language made it an entertaining experience. Enjoyed his contrary point of view and specific analyses, forecasts etc. He may be right or he may be wrong but he expressed it clearly and w/out hedging his advice. Much food for thought and preparation. Didn't try to scare me and I appreciate that approach.

"Beating the Millenium Crash" is filled with "big picture" historical information & data to essentiallly remind us what history has taught,,that most economists are wrong at major turning points of the economy. Jake's writing is as clear as it is easy to read.

Just read "Beat the Millenium Crash." It's clear, concise, and contains numerous strategies for protecting your assets. Excellent discussions of stock market reactions to previous panics and interest rate trends and the patterns which affect most major markets. Downplays alarmist expectations while explaining what the average individual can do to both protect assets and profit in the event of a Y2K panic. Highly readable.

This book is the only one I/ve read that em- phasizes the need NOT to avoid panic and min- imizes the technical aspects of Y2K. Bernstien claimes that avoiding panic will be more important than any crisis resulting from Y2K bug problems. He downplays Y2K technical problems and underscores the importance of perspective and self control. This is a sensible and rational book that offers a solid strategy. Bernstein is an avowed contrarian. His advice on gold comes at a time when the metal is clearly out of favor. We are reminded of government gold sales in the 1970's prior to one of the largest bull markets in gold 's history. He may be wrong. If he is wrong then all you have lost is some time, some effort and a few dollars in implementing his simple 5 part strategy. But if he is right then large profits could come to the savvy investor. His common sense non-technical view is appreciated. The long term suggestions he has expressed are vast and refreshing in there historical perspective. His record on forecasting long term interst rate and economic trends is a strong testimonial adding credibility to his views. Although his forecasts may not be popular, they are well worth reading and considering. Finally a book that makes sense and offers a rational perspective to the investor.

Wealthy traders anticipate opportunities then execute correctly. Jake has done excellent correct reserch on the highest probability of what is to come and when. Actually Jake finnished the book in late 98' His fundamental understaning of how economic cycles work bring accurate forecasting into fruition. Its as if Jake has written the script to market actions and reactions over the past few months. This book is good stuff. Every experienced trader should read this book. Why experinced traders? Because the experienced trader will not be afraid to make a mass of cash on the downward market movement. Every trader should read this book to identify the up and comming major trendshift of the markets cycles inorder to use the imagination in creating possible winning trades.