During these turbulent economic times, with what could be the deepest global recession we've ever seen bearing down on us, the one thing you don't need is another book describing how we've gotten to this point. What you do need are insights into what will happen going forward and how you can use this information to protect what really mattersincluding the value of your home and portfolio as well as the security of your job and way of life. If that is your goal, this book is a must-read.
While the concepts surrounding our current situation may be complicated, you don't need to be an economic expert to understand what's going on and what may happen next. But you do need to be prepared, and the analysis offered here can help both anxious individuals who are just starting to realize the magnitude of this event as well as those more familiar with finance get through the difficult times ahead.
Over the course of the last decade, bestselling author and former investment banker John Talbott's string of accurate predictions regarding the bursting of the Internet stock and housing bubbles, the mortgage mess, and downturns in the general economy have been well documented in his numerous books including Slave Wages, The Coming Crash in the Housing Market, and Sell Now!: The End of the Housing Bubble.
Now, with Contagion, he puts his reputation on the line again and boldy predicts how the current global economic crisis may change our lives for much longer than politicians care to admit.
Using a much broader definition of the term "contagion"to include financial, governmental, and societal mattersthis timely book offers essential insights that investors, business executives, and concerned citizens must be aware of in order to protect themselves and their assets, companies, and lives from a prolonged and deep global recession.
Page by page, Talbott explains the history behind our present economic condition and, more importantly, helps us understand where we go from here. He explains the severity of the financial and economic problems plaguing us and the reasons behind them.
Talbott's analysis of the current financial crisis and its root causes extends far beyond simple subprime mortgage lending. He explains that all types of lending will be threatened in the brave new world and that the economy won't recover until banks, businesses, government, and consumers all deleverage and learn to live with less debt and less consumption. But, Talbott does not stop there. He blames deregulation for allowing the banks to do this to us, but also blames our government representatives who took campaign contributions in exchange for a laissez faire approach to market regulation. Finally, he asks each of us to reflect on the importance of materialism and consumption in trying to define and live a full and rich life.--This text refers to the Hardcover edition.
Past is always prologue for Talbott, and his economic reasoning and free-thinking forecasts about the future have captured people's attention. In his latest book, Contagion, he again warns about what once seemed implausible and impossiblethe deepest global recession the world has ever seen, one that will forever shake the economic foundations and social fabric of our lives.
"Talbott is the author of two books that foretold the pain homeowners are now experiencing. . . . So far many of John Talbott's predictions have been spot-on. But as the housing bust continues, homeowners in my neighborhood and beyond have every reason to hope his prescience proves short-lived."
Daniel McGinn, national correspondent, Newsweek, and author of House Lust: America's Obsession with Our Homes
"When John Talbott's controversial book, The Coming Crash in the Housing Market, hit store shelves in 2003, the real estate industryand everyone else who stood to profit from the dizzying rise in U.S. home pricesgave it a hostile reception. So, with subprime mortgage losses and credit woes now the number one topic in the markets, what does the former Goldman Sachs investment banker see next?"
The Globe and Mail (September 14, 2007)
With the worldwide financial crisis and economic contagion mutating in ways that foreshadow global economic meltdown, Talbott explores the necessary government actions and reformsand strategies that investors can useto weather one of the worst financial crises in history. Never have Talbott's predictions been as bold, or his advice about what to do in the future more timely.
This book is packed with information and interesting analysis. It is also inspirational, making me depressed, giving me hope and making me think. Read morePublished on February 16, 2013 by Violet Moon
John R. Talbott has been the guy to listen to for sound advice on when to sell our primary residence (which retired a lot of dept and saved us from financial hell) and how to keep... Read morePublished on September 9, 2011 by M. Middleton
Your E-book was very helpful. At location 1331 you state Americans are subject to more religious fundamentalism than all of them. Read morePublished on September 4, 2011 by SNOOKIE
For my fellow Americans....this is a sobering read that all of us should read and take to heart (becomes a self-critique). Read morePublished on November 30, 2010 by Niemeyer2007
I have several issues with this book. The main one was delivery of what was promised. Inside the jacket cover it starts by saying "During these turbulent economic times, with what... Read morePublished on December 26, 2009 by Kevin B.
The author has correctly identified the real culprits who brought down the economic infrastructure of this country and the rest of the world - the different lobbying groups, the... Read morePublished on November 15, 2009 by Mahmood Ali
I've read lots of related books and nothing is as informative as this book. John can see clearly the heart of the economy and the politics behind it. Read morePublished on September 20, 2009 by G. Antonio
There are things to like in this book and many things to dislike. On the positive side the author does a thorough job of discussing most (but not all- see below) of the causes of... Read morePublished on September 12, 2009 by Liberty4all
I have multiple copies of Mr. Talbott's previous books "The Coming Crash..." and "Sell Now!" on my shelf and have foisted them on anyone who would listen, but his latest books are... Read morePublished on September 1, 2009 by San Franciscan