Crisis Investing [Paperback]

Douglas Casey (Author)

Book Description

Publication Date: March 1995

This revised edition of the New York Times bestselling book on investment strategies for the '90s offers tips and suggestions to help every investor profit from today's stormy financial climate.

Editorial Reviews

From Publishers Weekly

Talk-show financial guru Casey ( Strategic Investing ) begins on an incendiary note--describing taxation as "robbery"--and ends on another--maintaining that government has outlived its usefulness. In between, he declares that monumental public and private debt are poised to precipitate a "Greater Depression" for the 1990s, because "the dollar and the economy itself rest on confidence alone," which he notes is a very unstable foundation. Nevertheless, Casey maintains that new technologies and wise selective investment (he has four chapters on gold alone) can bring about enormous profits. Outstanding here are a capsule demonstration of how an economy might work in a single community and a chapter on commodities, "the raw materials of civilization."
Copyright 1993 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Library Journal

Boom and bust are inherent in free-market economics. In his Short History of Financial Euphoria ( LJ 5/15/93), Galbraith wrote of booms, while Brown, an investments journalist, here writes of busts, with more detail and thankfully without the sneering tone of the former. He identifies more than 90 panics since 1890 (23 since World War II)--those that lasted 20 trading days or fewer and produced a Dow loss of at least ten percent. Panics create opportunities for courageous contrarians, those who buy when blood is running in the streets. Brown examines the causes of panics, looks for common denominators, and concludes that there is no way to hide from them. Despite the topic, Brown's view is optimistic in contrast to Casey's. Since his first Crisis Investing (1979) book, Casey has been warning of coming financial disaster. Once again he sees us as being on the brink of what he now calls the Greater Depression, citing various plausible excesses, including the cycle of boom and bust. Once again he lists various investment alternatives to escape with assets intact, most of which are not arcane or impossible to do for the average person. Both books will enrich most collections.
- Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1993 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

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Product Details

• Paperback: 290 pages
• Publisher: Citadel Pr; Rev Upd edition (March 1995)
• Language: English
• ISBN-10: 0806516127
• ISBN-13: 978-0806516127
• Product Dimensions: 8.9 x 6 x 1.9 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #1,021,485 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

13 of 14 people found the following review helpful:

3.0 out of 5 stars As for Gold DRC is right twice a century, February 27, 2001

By 

Eugene A Jewett "Eugene A Jewett" (Alexandria, Va. United States) - See all my reviews

This review is from: Crisis Investing (Paperback)

Casey's bent is toward natural resources which he gives much time in this as well as in the rest of his books. An interesting thinker and an effortless writer, Doug is alway provacative and occasionally right. I mean right in a big way. The problem is the many times he's wrong. It is crucial to be in the right sector with him and that usually means gold stocks. He's worth paying attention to for that alone. To give him his due, he was the first guy I heard talk about the no-fun 90's at the outset of the decade. He foresaw the politically correct movement with all of its ramifications before anyone else I know.

7 of 7 people found the following review helpful:

5.0 out of 5 stars Top ten classic, April 23, 2000

By 

[e-mail] (Massachusetts) - See all my reviews

This review is from: Crisis Investing for the Rest of the 90's (Hardcover)

This book pulled me back from the brink of socialist thinking. It is the quickest read to understand how the world economy and politics interact. For all you day traders who are getting crushed these days, read this for a little long term philosophy!

3 of 3 people found the following review helpful:

5.0 out of 5 stars Like talking to Edison about light bulbs, this book will illuminate, April 22, 2011

By 

Jarod Kintz "Jarod Kintz" (Standing next to Waldo, Fl) - See all my reviews
(REAL NAME)   

This review is from: Crisis Investing (Paperback)

After reading Crisis Investing, I realize the value of commodities. Not being able to afford gold or silver, I bought the next best thing: silverware. If I ever open up a soup kitchen I'll have plenty of forks to go around.

But seriously, how should one invest?

The road to hell isn't paved with gold, it's paved with faith. Faith in a dollar that's backed by a belief that people have faith in other people's belief in it.

The Bernank might not be able to grow our economy, but he can sure grow a heck of a beard.

I agree with Casey that the US economy is overregulated. Consequently, the market has more distortions than a house of mirrors, and its body image should be suffering for it. America is morbidly obese, yet she dresses in skin-tight hot pants as though she were Twiggy at 20.

If you want to know what to invest in and why, not specifics, but more the fundamentals, then this book is definitely for you.