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Jubilee on Wall Street: An Optimistic Look at the Global Financial Crash Paperback – November 4, 2009

5 out of 5 stars 4 customer reviews

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Editorial Reviews

From the Author

This updated and expanded edition offers readers the clarity that comes from the Kondratieff long wave perspective on the ongoing global economic and financial crisis. Only the insight provided by the long wave explains the crises. Irwin Professional, now McGraw-Hill, published the last edition of this book as The K Wave (1995). That limited edition included charts that illustrated the long wave ending with a real estate crash, global stock market crash, and a global debt bust that combine to bring the long wave winter season to a close. The accuracy of the forecasts made using the long wave approach has generated renewed interest in this book. This updated and expanded edition with 24 long wave charts explains the current status of the long wave and the impact on your investments including stocks, bonds, real estate, commodities and gold. Current long wave and business cycle analysis suggests that overly aggressive fiscal and monetary policy, which produced the real estate bubble, has lengthened the current long wave until 2012. The author has now studied the long wave, other long wave experts, and related technical analysis for more than 25 years. This new edition includes significantly advanced research on the long wave. Readers that genuinely want to understand the global financial crisis and where markets are headed next will enjoy this contribution to the long wave literature and perspective. It was a pleasure to write this new edition for you.

From the Inside Flap

Jubilee on Wall Street: An Optimistic Look at the Global Financial Crash reviews our global economic and financial crises, and presents in clear terms a picture of what the future may hold. Contrary to proponents of gloom and doom, financial market analyst and world-systems analyst David Knox Barker shows that there are positive forces at work that can create The Great Republic--a new golden age that embraces not global socialism and wealth redistribution but true international free-market capitalism.

In Jubilee on Wall Street, Barker explains how the long wave theory, introduced and developed by Russian economist Nikolai Kondratieff, and validated by System Dynamics at MIT, has proven to be a precise forecaster of economic and financial events. The long wave shows how cycles of boom and bust have occurred throughout history--as far back as Leviticus and the insightful laws regarding debt cancellation in the Year of Jubilee.

Barker takes us through a brief historical overview of financial crises, bringing into focus the last two hundred years. He delves into the "seasons" that mark the wave's contraction and expansion. He examines the impact of wars, the role that banks have played, and the influence on stock markets worldwide. He shows the sure disaster if we engage in trade wars. He debunks the myth about the long-term safety of fixed-income securities, and takes a look at the commodity markets and the creation of a new system of international digital gold currency.

In prior editions, Barker accurately predicted the deflationary debt collapse, crashing stock markets, the international banking disaster, and the crisis of capitalism with remarkable accuracy. His latest book offers an optimistic view of the future founded on the theory that the economy thrives on "new beginnings born of adversity caused by prior mistakes and the crises they create." From these crises, he points to the advent of new ideas and technologies, creating a better world economically, politically, and spiritually.  


Product Details

  • Paperback: 434 pages
  • Publisher: Long Wave Dynamics, LLC; Revised & enlarged edition (November 4, 2009)
  • Language: English
  • ISBN-10: 0982528310
  • ISBN-13: 978-0982528310
  • Product Dimensions: 6 x 1 x 9 inches
  • Shipping Weight: 1.6 pounds
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (4 customer reviews)
  • Amazon Best Sellers Rank: #2,553,610 in Books (See Top 100 in Books)

More About the Author

David Knox Barker is the founder of Market Cycle Dynamics, LLC, and the publisher and editor of The International Market Cycle Dynamics Letter. Barker is one of the world's foremost experts on market cycles and the global economic long wave. He is the author of The K Wave; Profiting from the Cyclical Booms and Busts in the Global Economy. He is a writer, inventor, entrepreneur and technical market analyst. Barker has researched stock market cycles and written on the impact of the long wave on international financial markets and the international political economy for over twenty-five years. Barker developed the price, time and sentiment method of market cycle analysis based on decades of market cycle research and study of market timing masters. He was founder and CEO for ten years from 1997 to 2007 of a successful life sciences research and marketing services company, serving a majority of the top 20 global life science companies. Barker also founded ALP Life Sciences, LLC in 2007, focused on the science of applied lipid polymorphism. ALP is managing research and development on the Nanoveson(TM) project and producing the most bioavailable Omega 3 on the market. He received his bachelor's degree with a major in finance and a master's degree in political science, where his thesis research explored disequilibrium in the international political economy from the long wave perspective. He is happily married to Berdjette, a citizen of Switzerland, and they are the parents of three great kids. His hobbies include reading, running and discussing big ideas with family and friends.

Customer Reviews

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Top Customer Reviews

Format: Paperback
The media is filled with talk of potential black swans. Lots of analysts think the markets could crash all over again. Massive debt, including sovereign debt, has most of us nervous. David Knox Barker interprets the big picture in this book, his third edition in the series. He's well-known for making some accurate assessments in his earlier two books.

Evangelist Billy Graham wrote the forward. Barker is married to Graham's granddaughter.

This third edition of Jubilee on Wall Street explains why analysts of the Kondratieff Wave (the "K Wave") believe the economy is going to experience another deflationary crisis. It has to do with the painful process of discharging debt. Barker thinks we'll see a bottom in the economy and markets in 2012. Once the debt is discharged one way or another, the economy can begin long-term growth on surer footing.

Barker is optimistic because of the size and strength of the emerging markets. The statistics on this are impressive. He feels the main danger is getting into trade wars. He says the US is exporting deflation at the moment, forcing other nations to respond defensively to prevent their currencies from appreciating and ruining their export industries.

The hard lesson that Barker gives Americans in particular is that we're going to have to implement an austerity posture just as all the pundits are saying Greece must do. In other words, our situation is similar to that of Greece in that we'll have to demonstrate fiscal discipline in keeping with creditor demands. Creditors that buy and hold Treasuries want to see an American austerity policy. The other alternative, raising taxes, is not an option this time according to Barker.
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This is by far the best, most detailed, book I've read on the Long Wave. In addition to text, it includes many charts and tables to substantiate what the author is writing. I cannot recommend this book highly enough.
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Excellent book for those wondering what is going on in the economy and how the free market will deal with problems better than government. Practical as well as theoretical.
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An optimistic viewpoint that is plausible is just what I have been looking for. This author explains in a reasonable well researched manner how we have a very good chance of emerging from this predictable crisis stronger. Just what this father of a beautiful 4 year old girl needed to hear !
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