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The Economic Time Bomb Paperback – December, 1989


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Product Details

  • Paperback
  • Publisher: St Martins Mass Market Paper (December 1989)
  • Language: English
  • ISBN-10: 0312921322
  • ISBN-13: 978-0312921323
  • Product Dimensions: 6.7 x 4.2 x 1 inches
  • Shipping Weight: 4.2 ounces
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #4,444,163 in Books (See Top 100 in Books)

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4 of 4 people found the following review helpful By Brett Favre on May 4, 2004
Format: Paperback
The first part is a good review of Economics of how the banking system, Fed Reserve, political system are interconnected and standing on extremely weak supports. The author is pessmistic about the future and focuses only on the negative outcomes of the current scenario.
The impending crises that the author mentions can be solved only by reduction in government spending, which is unlikely to happen any time.
The "how you can profit from it" should really be "how you can avoid the negative consequences", which forms the second part of the book. The author shows how you can spread your bets among various investments to be safe.
What I did not like about the book is that the first part is a big teaser without telling you what he will say in the second part. What he does say can be summarized in a paragraph beforehand so you can keep it in mind while reading the first part. This will help the reader decide whether the author's suggestions avoid the crises he's describing or not.
Overall, I think it is worth reading and understanding (it is an easy read), but not necessarily believing in what he says/concludes.
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