America's Bubble Economy: Profit When It Pops - Couverture rigide

Wiedemer, David; Wiedemer, Robert; Spitzer, Cindy; Janszen, Eric

Couverture rigide

ISBN 10 : 047175367X ISBN 13 : 9780471753674

Editeur : John Wiley & Sons Inc, 2006

Synopsis

America's Bubble Economy Mix together a stock market that has grown more than ten fold in the last 20 years (Bubble #1) plus two decades of massive borrowing from foreign investors that has pumped up the value of the dollar (Bubble #2), and you have the recipe for an economic disaster. Full description

A propos du livre

Revue de presse :

WORRIED ABOUT THE HOUSING BUBBLE? You should be, but don′t let it monopolize your agita. There are four other bubbles also deserving of attention, according to America′s Bubble Economy: a stock–market bubble, a foreigner–supported–dollar bubble, a consumer–debt bubble and a U.S.–debt bubble. When the five collide in a "bubblequake," the book′s authors predict, the air will rush out of the pumped–up U.S. economy, deflating the average American′s assets and standard of living.
But not to panic . America′s Bubble Economy has a subtitle: Profit When It Pops. Eric Janszen, one of its four authors, suggests keeping 10%–15% of your assets in gold, which he sees rising "to a peak price of $2,500 to $3,000′′ an ounce. Janszen et al. also recommend eurobonds and euro–denominated exchange–traded funds, because most of Europe isn′t as indebted as the U.S. and its main currency should outperform the dollar.
A former venture capitalist and founder of the financial Website iTulip, Janszen says the U.S. is repeating errors of the Nixon era, including massive government deficits, under–funded entitlements and an unpopular war the government can′t fund with higher taxes or special bonds. Throw in today′s growing global demand for commodities, and "... all roads still lead to inflation, whether due to energy costs, unfunded deficits or dollar–currency risks," he says.
Janszen, who was rightly skeptical of the Internet craze early–on, tells Barron′s that the current stock–market bubble is "a reflection of monetary inflation" rather than future earnings. A more normal trendline, he says, would put the Dow at about half its present level, or 6,000. Now, that′s something to worry about.
Susan Witty ( Barron′s, November 13, 2006)

Chosen by Kiplinger s as one of the 30 Best Business Books of 2007

Paul Farrell, Senior Columnist at Dow Jones MarketWatch said on February 12, 2008, "In short, America′s Bubble Economy′s prediction, though ignored, was accurate."

Quatrième de couverture :

Have You Noticed The Economic Bubbles Yet?

• Real estate is overpriced and beginning to fall
• The Dollar is on the decline
• Consumer Debt is at an all–time high
• Our International Trade Deficit is massive
• Our National Debt is now more than $8 trillion total and growing at an astronomical $7 billion per week

While most people ignore the warning signs, those who move quickly and correctly can position themselves now to cover assets and profit from what will be the biggest economic challenge and wealth–building opportunity of our times.

"A sobering financial wakeup call for all Americans."
C. Thomas McMillen, Rhodes Scholar and former three–term U.S. congressman

"Whether you think it goes too far or hits a bull′s eye, America′s Bubble Economy presents a riveting argument for what may be coming and how to make the most of it."
Philip J. Gross, former CFO, America Online

"Sound advice in these times, America′s Bubble Economy delivers what we need to hear. Its prognosis may be harsh, but these insights are astute, logical, and compelling."
Dr. Rodney Stevenson, Professor of Economics, University of Wisconsin–Madison, past president of the Association for Evolutionary Economics

"Finally, a way to profit from the government′s reckless spending habits!"
Jim Goldinger, Managing Director, TD Capital Ventures

"More roadmap than crystal ball, this book doesn′t simply advise a reader what′s coming; it tells a reader exactly how to plan and respond. That it manages to predict an awfully troubling near future while still managing to be readable and even funny in spots is no mean feat."
Ken Kurson, co–author with Rudy Giuliani of the No. 1 bestseller Leadership, and financial columnist at Esquire

À propos de cette édition

• Éditeur: John Wiley & Sons Inc
• Date d'édition: 2006
• ISBN 10: 047175367X
• ISBN 13: 9780471753674
• Reliure: Relié
• Nombre de pages: 288