- File Size: 1697 KB
- Print Length: 240 pages
- Publisher: Wiley; 1 edition (October 26, 2010)
- Publication Date: October 26, 2010
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B004A15BAY
- Text-to-Speech: Enabled
- Word Wise: Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #1,862,164 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
Profiting in Economic Storms: A Historic Guide To Surviving Depression, Deflation, HyperInflation, and Market Bubbles Kindle Edition
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Top Customer Reviews
The authors main message throughout the book is that the economy is in the very early stages of entering an "deflationary depression". He postulates a 40 year economic cycle that will bottom out in 2020 with a period of inflation of hyper-inflation to follow. He explains the current economic situation, why no government can stop it, and the normal investment mindset of the average individual. He then looks at examples in history of other mania's and concludes with mathematical examples of how to predict of "engineer" the market. He uses everything from sun spot cycles, Fibonacci Numbers, even Terry Landry's "T Theory" as possible ways to predict market movement. This book is not for those who subscribe to the buy and hold theory.
Support for this theory in lacking. First of all, he outlines other famous mania's from the Tulip Bulb Mania in 1634-1637, The South Sea Bubble, The Nikke 225 Index, right up to our current situation. All told, he describes, by my count, over 100 years of financial panics and mania's in just 12 pages of text. His depiction of each is a small background of the event followed by a price chart. He leaves the reader with a hunger for more information that this book lacks. The section on mathematical equations is impressive, but once again lacks depth to support it. I got the impression he was cherry picking mathematical equations and natural cycles to support a conclusion he has already made. Finally, and while he mentions the market numerous times, he never explains what, exactly, the market is.Read more ›