Fiscal Hangover: How to Profit From The New Global Economy (Agora Series) [Hardcover]

Keith Fitz-Gerald (Author)

Book Description

Series: Agora Series | Publication Date: November 9, 2009

The rules of making money have changed-foreverWith the collapse of investment banks, trillion-dollar-plus government bailouts, and the Dow plunging like a rock, it's never been more important to understand-and actually profit from-the "new rules." Fact is, Fiscal Hangover, will give you an investing blueprint that will allow you to profit from the changing global economy.

For the first time in 200 years, American consumers are stepping down from their position as the driving force behind the world's economy. In Fiscal Hangover, Keith Fitz-Gerald analyzes the declining power of the American consumer and introduces you to the resulting investment opportunities. Without question, the American consumer and the United States government have provided the rest of the world with liquidity in the form of cheap capital and abundant debt. But in light of recent economic events, the rules of the game have changed and that means you must change with them-if you intend on securing your financial future.

Unlike most of today's finance books that simply examine the end of the American Empire, Fiscal Hangover shows you how to prepare for the fall, effectively allocate your investments, and thrive in the new global economy. This book offers specific analysis and concrete actionable steps for individual investors interested in grabbing their fair share of what will be the greatest wealth creation in the history of mankind.

• Examines our current financial situation and offers practical investment advice to overcome the challenges you'll face
• Analyzes the declining power of the American consumer and introduces you to the resulting investment opportunities
• Details new investing benchmarks and discusses why the old ones no longer work
• Explores big picture economic issues that will affect your individual investment endeavors

The coming years may hold the greatest investment opportunities of our times, but in order to take advantage of this you'll need the insights that can only be found in Fiscal Hangover.

Editorial Reviews

From the Inside Flap

With the collapse of investment banks, trillion-dollar-plus government bailouts, and decimated retirement portfolios, it's never been more important to understand the "new rules" of making money.

Faced with the reality that "investing will never be the same again," Fiscal Hangover may well be the most important book you'll read this year. In one easy lesson after another, you'll discover exactly what it takes to profit—and profit grandly—from the simple ideas that form the basis of the new global economy.

For the first time in 200 years, American consumers are no longer the driving force behind the world's economy. And now, with Fiscal Hangover, Keith Fitz-Gerald—one of the world's leading experts on global investing—picks apart every important change and shows you the opportunities about to arise. You'll discover how the U.S. role in the world economy is shrinking at unheard-of rates; how and why government intervention may well prevent the U.S. markets from normalizing for years to come; why Asia could well become the center of the financial world; how and why China's yuan is quietly replacing the U.S. dollar as the world's reserve currency; and much more.

Most importantly, Fitz-Gerald shows you how to capitalize on each and every trend. His secrets are simple—and so is his advice: get ahead of the biggest movements in the global economy, and you'll be set for a lifetime of riches. In fact, in his preview of this new $300 trillion global "recovery," you'll discover:

• The biggest short- and long-term trends, andhow to play them
• Where the global flows of money are moving—and how to get ahead of them
• How to best avoid inflation and protect thebuying power of your money
• Which countries and sectors are almostinevitable winners
• Why China may well have the largest marketcapitalization in the world in a few short years (and why getting in now may be the mostprudent thing every investor can do)
• How to play gold, oil, and alternative energy inthe new global environment
• And how five simple plays can ensure yourretirement—and that of your children, too

Unlike most of today's finance books, which are as lasting as yesterday's newspaper, Fiscal Hangover shows you how to prepare for what's to come, effectively allocate yourinvestments, and grab your share of the greatest wealth creation opportunities in history.

The coming years may hold the greatest investment potential of our times, but in order to take advantage of this situation, you'll need the insights that can only be found in Fiscal Hangover.

From the Back Cover

Praise for Fiscal Hangover: How to Profit from the New Global Economy

"An excellent global investment primer that even seasoned investors should take note of. Not only does Keith Fitz-Gerald see the big picture, he understands how and why it is about to change."
—Peter Schiff, President, Euro-Pacific Capital, and author of Crash Proof

"The past 500 years of global business history has proven only that overzealous bankers and quixotic government leaders repeatedly figure out how to fail more spectacularly. Fiscal Hangover provides a brilliant, spirited explanation of the origins of the current mess—and more importantly how you can cleverly turn the chaos to your advantage.It's a must-read for investors of all skill levels who want to prepare for the author's surprising conclusion: boom times ahead, especially overseas."
—Jon D. Markman, Columnist, MSN Money; Editor, Strategic Advantage and Trader's Advantage investment advisories; and bestselling author of The New Day Trader Advantage

"Keith Fitz-Gerald is one of the smartest analysts I know. And Fiscal Hangover is his best work yet. This is essential reading for every serious investor. Highly recommended."
—Alexander Green, Investment Director, The Oxford Club, and bestselling author of The Gone Fishin' Portfolio and The Secret of Shelter Island

"America may be suffering from a fiscal hangover, but America's loss is China's gain. If you don't follow his advice, you will be left behind. Do the smart thing—buy this book, apply the simple techniques for making money in it, and become a winning investor."
—Dr. Mark Skousen, Editor, Forecasts & Strategies, founder of FreedomFest, and author of Investing in One Lesson

"Keith addresses the 'elephant in the room' (unprecedented massive government spending) and explains its implications for us as individuals and as a nation. His lucid writing and conversational tone make Fiscal Hangover one of the most informative and entertaining books covering one of the most timely and critical issues of our time."
—Paul Forchione, former CBOE Market Maker, Floor Trader, CTA, and author of Trading Options Visually

See all Editorial Reviews

Product Details

• Hardcover: 333 pages
• Publisher: Wiley; 1 edition (November 9, 2009)
• Language: English
• ISBN-10: 0470289147
• ISBN-13: 978-0470289143
• Product Dimensions: 9.3 x 6.4 x 1.3 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #652,495 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

5.0 out of 5 stars Outstanding book with a great overview and recommendations, February 19, 2010

By 

AK (Kentucky) - See all my reviews

Amazon Verified Purchase

This review is from: Fiscal Hangover: How to Profit From The New Global Economy (Agora Series) (Hardcover)

After reading many investment books trying to figure out the true direction of the market I came across this book. I have to say that this one stood out from the crowd because of the excellent writing style of the author as well as outstanding analysis of previous and current events leading up to the mess the US is in now. The book gives recommendations for how to safely invest in the world markets in the upcoming decade and backs up his recommendations with very logical analysis and facts. He doesn't say "Buy this stock or this stock" but he recommends classes of stocks in specific world regions and how and when to enter them.

I've already read this book once and am getting ready to read it again, it is that good. I like his risk management approach to global investing and am already making changes to my portfolio. I highly recommend this book and will be referring to it often. 5 Stars.

28 of 36 people found the following review helpful:

5.0 out of 5 stars Down the Rabbit Hole: From Big Picture to Ben Franklins in the Bank!, November 16, 2009

By 

Randal Irwin - See all my reviews
(REAL NAME)   

This review is from: Fiscal Hangover: How to Profit From The New Global Economy (Agora Series) (Hardcover)

This book is NOT for those who cling dearly to the way things were, to a tidy and comfortable USA-centric view of the economic universe. Fiscal Hangover is clearly the work of a thinking man who eschews armchair analysis based on yesterday's models and "common knowledge". Mr. Fitz-Gerald has apparently spent significant amounts of time in the real, as well as statistical, trenches of the new investment frontier and he shares with the reader his spectacular findings in a refreshingly irreverent, fun to read and easy to understand tone that is--well--uncharacteristic of the genre to say the least.

If you are looking for an excellent description of how the investment economy really IS and really WILL be, if you are ready for an exciting Panda Punk vision of the wild rabbit hole where the rules are like mutant clones of the ones you know, then this is a MUST READ BOOK. And here is the kicker that will stop your ticker: this book would be a complete success if it simply stopped at the Blue Pill/Red Pill versions of reality. But it also gives some very specific guidelines about what regular mortals like you and I can do to take advantage of this information TODAY! Many times while reading this book I was so revved up I could barely breathe! The message: We can be a part of this jazzy new world, not just passive observers. Are "yuan" the bus, or not?

I have never enjoyed a hangover until now, but please note that this is one Hangover that will NOT be cured by the hair of the dog!

17 of 22 people found the following review helpful:

5.0 out of 5 stars Good Guidelines to think about in these times., November 22, 2009

By 

Roger Voelker - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Fiscal Hangover: How to Profit From The New Global Economy (Agora Series) (Hardcover)

I received the book, read it one night, re-read it and took some notes in the
margins, and placed stars and bar next to some sections of the book which are highlighted already. The highlighted areas, or boxed in areas, and the graphs
are the meat of the book. The language in between the highlighted areas gives the details for the assessment in the boxed in statements;
so actually you do not need to make notes, but I do so because that is my way to review. Also, he is not alone in his observations. There are three other sites and newsletters I use to get the pulse
of the economy, National and Global. Since there is government interference with free market economies, it is important to know what the government
in Washington D.C. and in London is doing. For example, if you buy Gold, which I do not do any more, and the Bank of London is told to sell all the Gold it can when it goes over 400 dollars an ounce,
and the USA government supports the Bank of London in that move - they did that years back, within the last 20 years and that is why I could not make any money on it - I am competing with the Bank of London and the USA government and I am just a small guy compared to a big government. Had I known that, I would not have bought gold and held it for 5 years, but I saw I was making nothing on the gold. I realized, I needed to know what the governments were doing because we do not have free market economies. In his book, he also talks about three things to know about investing in a country:
1. stable government 2. good economic infrastructure 3.and a fair functioning
justice system. He is correct to a T.
A bonus in the book is The Rule : Gamblers Ruin. That led me to the Wikipedia and it was found under Probability Theories in Mathematics. You can look it up if you want and read the explanations and see the formulas. In brief,
if two players flip a penny to see who will get to keep the penny, the player with 5 pennies had a probability of winning in the 40% range and the player with the 8 pennies in the 70% range: so the player with the most pennies gets to win all the pennies if they play long enough. Each has a chance or possibility of 50% with each flip of the coin, but that is possibility and not probability. Two very different things. If you read the material carefully enough you will understand why this is important if you want
to make money on your investments.
He also spoke about the old adage of "Buy and Hold" and how it really is not
a wise thing to do. His explanations are correct from my point of view. Look at it as a farmer might look at it. You have to work the land and look after the plants or your Bonsai. They will not yield if you just put seeds into the ground and forget about them until Income Tax Time.
This is really an excellent book for the investor and for anyone who is trying to understand "manipulated financial systems".