Building on the valuable insights and proven predictions of their previous books, the authors of aftershock, third edition offer their latest thinking and advice as the economy moves even closer to the coming aftershock. Here are my 5 concise reasons to read robert reichs latest book aftershock. Written by the authors who accurately predicted the financial crisis of 2008 and 2009, this book serves as both a warning and a game plan for investors looking to avoid catastrophic loss. Brent johnson santiago capital, doug casey casey research llc, marin katusa katusa research, and grant williams vulpes investment mgmt. David wiedemer, phd was the coauthor of americas bubble economy, the landmark book published in 2006 that accurately predicted the great recession and the popping of the housing, private credit, stock and consumer spending bubbles. Reich, one of our most experienced and trusted voices on public policy, suggests another reason for the. The next economy and americas future argues that the crash of the american economy was due to the concentration of income and wealth at the top of society. He has written twelve books, including the work of nations which has been translated into twentytwo languages, supercapitalism, and the best sellers the next american frontier, the future of success, locked in the cabinet, and, most recently, aftershock. Aftershock investor robert wiedemer financial market outlook. The next economy and americas future cliffnoteslike summary by tianzi harrison the u.
Review in aftershock, robert reich takes the blame off wall street and suggests our economic crisis isnt universally due to wall street. Aftershock provides a definitive look at the economic climate still ahead in 2015. Aftershock warns of a very different economic future from what most people think. He has served in three national administrations and has written fifteen books. In aftershock impressively, his 12th book robert b.
Economy after shock from great recession to new growth chinese edition by zhen bingxi apr 1, 2015. The book contends that the bottom is not even in sight since the us still has a multibubble economy. In the book, authors robert wiedemer, david wiedemer, phd, and cindy spitzer explain, stepbystep, how americas bubble economy evolved and why and how the financial crisis that began in 2008 will inevitably lead to the collapse of the u. Aftershock is a practical, humane, and muchneeded blueprint for both restoring americas economy and rebuilding our society. Are you ready to subscribe to the aftershock investors resource package. The next economy and americas future audible audio edition. About aftershock inequality for allmovie tiein edition a brilliant new reading of the economic crisisand a plan for dealing with the challenge of its aftermathby one of our most trenchant and informed experts. An economist at berkeley looks at the major shifts taking place in the u. Eventually, the erratic price becomes unsustainable, and the bubble pops meaning that it. Aftershock protect yourself and profit in the next global financial meltdown ebook.
The ideas, viewpoints and arguments are presented just as the book s author had intended. Based on the authors unmatched track record of precise predictions in the two landmark books americas bubble economy and aftershock, this second edition of aftershock updates the original book by more than 35 percent with fresh analysis of the latest economic developments, plus offers new indepth advice for how readers can prepare now for protection and profits in the next global money meltdown. Understanding how we predicted the current bubblequake four years ago is key to understanding why our latest predictions are correct. Aftershock makes a compelling argument for a chilling conclusion. Aftershock book global financial meltdown robert wiedemer. Based on the authors unmatched track record of precise predictions in the two landmark books americas bubble economy and aftershock, this second edition of aftershock updates the original book by more than 35 percent with fresh analysis of the latest economic developments, plus offers new indepth advice for how readers can prepare now for protection and profits in the next global money. Wiedemer has been the driving force behind the economics team that predicted the current downturn in the economy in 2006 with their landmark book, americas bubble economy. Updated for paperback publication, aftershock is a brilliant reading of the causes of our current economic crisis, with a plan for dealing with its challenging. In fact, since they believe the us will default on its debt, you could find their take beyond pessimistic. Reichs suggestions for eliminating inequality revolve around the necessity of an interfering government. When the nations economy foundered in 2008, blame was directed almost universally at wall street bankers. Reich came out in september 2010, two months before the 2010 us midterm election, and two years after the great recession began. This impressive economic prediction is why newsmax is featuring the aftershock survival summit to get robert wiedemers opinion on what americans should do next to.
The next economy and americas future reich, robert b. Aftershock was a good book with sound ideas about where the economy is headed. The full impact of the recent bubble pop will create far more problems than we have now, especially for the dollar, and will push home prices and stocks even lower. Protect yourself and profit in the next global financial meltdown, quickly is becoming the survival guide for the 21st century. Aftershockinequality for allmovie tiein edition penguin. It is a multibubble economy that is being hit by a bubblequakeand the coming aftershock will be far more dangerous. Aftershock pc launches nvidia pascal notebooks all geeks will want. At the time, millions of americans had already lost their jobs, and diverse speculations about the economy were circulating the public sphere. This book is, in very large part, a repetition of that book, by the same authors.
In addition to our longer term view macroeconomic perspective described in aftershock, the authors have developed a proprietary trading system designed to identify and take advantage of shorter term trends, regardless of whether markets move up or down. The authors prescience in their first book lends credence to their new warnings. Protect yourself and profit in the next global financial meltdown, by brothers david and robert wiedemer, and fellow economist cindy spitzer, is making people sit up and take notice of their forecast with every passing day as the survival guide for the 21st century. Reichs big argument is that out economy is fundamentally unbalanced. Reich states the real problem is structuralthe rich get richer. In short, a bubble is when the price of something grows out of control beyond its true value. We would like to show you a description here but the site wont allow us. This political book summary does not offer judgment or opinion on the book s contents. Id happily recommend this machine to folks looking for a gaming notebook. This book, and its predecessor, presents convincing arguments that the economy is in trouble and the future.
Aftershock provides an original way to look at the current market volatility and turmoil. His series of predictions were contrary to most major economists and government officials. And newsmaxs eyeopening aftershock survival summit video, with exclusive interviews and prophetic predictions, already has affected millions around the world but not without ruffling a few feathers. Aftershock is a sensible, humane, and a lotwanted blueprint for each restoring americas financial system and rebuilding our society. Aftershock robert wiedemer next global financial meltdown. Aftershock the worlds best political book summaries. This book is also, unfortunately, a large ad for the services of the authors. Updated for paperback publication, aftershock is a brilliant reading of the causes of our current economic crisis, with a plan for dealing with its challenging aftermath. Aftershock ebook ottawa public library bibliocommons.
They published a book in 2006, americas bubble economy, which explained and foresaw the current economic recession. This is not merely a down market cycle, the authors explain, nor is it a typical recession. A brilliant new reading of the economic crisisand a plan for dealing with the challenge of its aftermathby one of our most trenchant and informed experts. From the authors who predicted with unmatched precision the domino impacts of the real estate, stock market, and other bubbles that led to 2008s market meltdown comes the definitive look at what is still to come and what investors can do to protect themselves just as many are wrongly forecasting a full recovery ahead, aftershock, now updated and revised, warns of a very. When our first book, americans bubble economy, came out in 2006 the book proposal was actually submitted 18 months. The economic recession we are in is a structural problem rooted in an economy where wealth is as unequal as any time since in the great. This is the worlds most powerful and customizable 11. Robert reich on the ideas in his new book, aftershock. People agonized, instead, about the stagnation of middleclass incomes and exploding inequality. Aftershock provides a definitive look at the economic climate still ahead in 2015and beyondand details the.
Click here to find out about all our subscription packages individuals with paid irp subscriptions have been sent a login and password to access this page. Facebook is showing information to help you better understand the purpose of a page. If after reading aftershock, one has any doubts as to their predictions, i would strongly encourage you to read their first book americas bubble economy, to get a sense of just how accurately they predicted the great recession we are currently experiencing. In it, reich explained how americas widening inequality had contributed to the great recession and made it difficult for the economy to recover, by undermining the purchasing power of the middle class relative to the nations productive capacity. Protect yourself and profit in the next global financial meltdown is a book about economic bubbles. Without change, the middle class will not be able to sustain our economy. In aftershock, the authors offer the definitive look at what is still to comeand what investors must do to protect themselves. The fragility of todays economy demands that we, as investors, allocate our assets with more prudence and focus than ever before. Aftershockinequality for allmovie tiein edition by robert b. When the nations economy foundered in 2008, blame was directed almost universally at wall street. Money management books aftershock aftershockpublishing. Reich discusses the aftermath of the economic crisis in his book aftershock. See actions taken by the people who manage and post content. Aftershock and americas bubble economy have been the subject of articles in the major press including the wall street journal, financial times, the hedge fund journal, euromoney, barrons, reuters, ap, bottom line and others.
Updated and with a new introduction when the nations economy foundered in. Secure your financial future before the next big bubble bursts. And oh, its pretty affordable so you dont have to take a mortgage on your house too. Written in a downtoearth language, its an indepth analysis of what has caused the economic crises of the past and an interesting howtostoptheminthefuture manual. A brilliant new reading of the economic crisisand a plan for dealing w. Aftershock by robert reich was a liberal perspective towards understanding our economic mess, what it could turn into, and how we can solve it. The next economy and americas future was published. The fundamental problem that reich points out with our economic situation. It explains why and how the stock market, real estate, consumer spending, private debt, dollar, and government debt bubbles. Aftershockinequality for allmovie tiein edition by.
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