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The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down Hardcover – October 6, 2008
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"Certainly a savvy buy in the current climate...timely advice on how to survive the bear's bite." (CEO Middle East, November 2008) 'It is all written in Schiff's usual brisk style... he has dived into the practicalities of portfolio construction.' (FT.com, October 2010).
From the Inside Flap
"Peter Schiff is one of the few financial analysts who understands the Federal Reserve's responsibility for the boom-and-bust cycle plaguing the American economy. Anyone wishing to know why the American economy is in trouble should add this book to their reading list."
Ron Paul, United States Congressman
"Schiff was warning us about our fragile economic foundation long before the first cracks started to appear. There are plenty of market cheerleaders out there, but if you want advice from a market realist who has been proven right again and again, read this book."
Glenn Beck, host, The Glenn Beck Program
"Peter Schiff understands the big financial picture better than most Wall Street professionals. Investorswith or without experiencewill benefit from his insights, making this book a must-read."
Jim Rogers, international investor and author of A Gift to My Children
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Top customer reviews
Peter deepens his explanation of economic principles, which were more difficult for non-economy folk to understand. He did, however, put in new material that brought us forward in time from his previous book. He also discussed in more depth both recommendations for the future as well as the "light at the end of the tunnel."
As he recommends, his first book should be read before this one because Crash Proof better presents his rationale.
Worth the time to read--if for no other reason than to see if his new predictions are correct. They are--again.
The foreword to Bull Moves is by Marc Faber, who endorses the common sense approach for the long term. The book's introduction warns of the inevitable downturn of an economy that was only possible through speculation borne of low interest rates. There is now no doubt that we are in that recession. The first chapters talk about the loss of America's purchasing power. The 1950's were a healthy economic time, because we produced goods that went around the world. High rates of production coupled with Reserve Currency Status gave the dollar an unbeatable edge back then. He then tracks reasons for the dollars' demise over time. He clarifies what inflation truly is. Unfortunately, most people don't understand it and how deadly it is. I don't like the way he explains Bretton Woods, and this is the second time he's done it in this manner. Bretton Woods was a poor excuse for a metallic standard and doomed to fail. Therefore it is my opinion that it was a dysfunctional group effort with multiple culprit nations. "My country's name is France and I'm a central banker." "Hi France."
Mr. Schiff's theory of decoupling hasn't yet come true. It probably will, but I have to wonder after the recent worldwide interest rate reduction, if every central banker will see their citizens lose it all in their efforts to stick to the modern planned economy mantra. Additionally, the one prediction from his last book that is still unfulfilled is about the bond market. US Government bonds comprise the last bubble yet to feel the smack down from Adam Smith's invisible pimp hand.
Chapter three steers you through the confusion of government statistics. After reading about it, you'll finally realize what the government isn't telling you with their numbers. Chapter four explains historic market cycles and tells you how to restructure your investments. Chapter five is about investing in commodities. Let's take a breather shall we... Chapter six is specifically about gold and silver. He tells you about the different ways to invest and what to avoid. Seven gets you acquainted with investing in foreign countries and companies. Eight is about stable foreign economies that are his favorite to invest in. Nine is about how and where to invest in emerging markets. Currently, there are big problems in the foreign markets, but again, this book is for the long run. So keep that in mind.
Chapter ten is about employment. He talks about industries that will suffer, as well as the jobs that offer the most opportunity. Eleven is about what your declining standard of living will be like and ways to adjust. Twelve is about immigrating to a different country. To this one, I have to say "No Thanks." There are many problems in the rest of the world, not to mention, they're probably gonna hate Americans a lot at that point.
The last chapter is about bringing your money back to the USA. Peter says to wait until at least 2012 to see if the economy is functioning properly. I'm sure if you listen to his radio show, you'll be able to tell if we're there.
Throughout, Peter explains how interference into the markets has brought about so many of the problems that we now must face. He's one of the few who realize that government intervention is really the helping hand of a leper. Bull Moves is an informative and timely book.