by Robert R. Prechter Jr.
|
| List Price: | $27.95 |
| Average Rating: |  |
| Lowest New Price: | $8.93 |
|
 |
|
Product Description
This New York Times and Wall Street Journal business best-seller first presents the economic facts that show why a massive deflation is not just inevitable, it's already under way. The second part of Conquer the Crash is practical virtually each of the 21 chapter titles explains "How To, "What To" and "You Should."
Amazon.com
In Conquer the Crash, Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the U.S. economy is about to enter into a deflationary depression that few investors are prepared to deal with. In making his case, Prechter assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due. The second half of the book shows how to avoid becoming "a zombie-eyed victim of the depression" and offers advice on protecting one's assets in a deflationary environment (cash is king). If there's any good news in the future that Prechter sees coming (other than how to avoid it), it's that all-out depressions don't last very long. Conquer the Crash should appeal to gloom-and-doom investors and to those desperately looking for a safe haven from the uncertainties of today's markets. --Harry C. Edwards
Customers who bought this item also bought
Average Customer Review:
1 of 1 people found the following review helpful:
 Prophet He Ain't But Great At Explaining Economics To Laymen, 2008-05-03
I don't know where he is today but the author couldn't be more wrong in his predictions for 2002 or is he just off by 7 or 8 years ? Had he wrote this two years ago about 2008/2009 he would have be heralded as an economic prophet. Its completely uncanny that he describes, in the most precise detail, what 2008 looks like but, unfortunately for him, he is predicting todays scenario to happen in 2002/2003. It didn't of course. We not only did not experience a credit bubble but the 2001 Recession turned into a bull, quite the opposite of the authors prediction of a major depression. Of course he could excuse his error today by saying that he wasn't 100 % certain on the time frame, that he did mention a slight chance that it could happen later...at any time really, but such Delphic predictions are absolutely meaningless in their ambiguity. Even a stopped clock is right 2 times a day. I mean, eventually all stock markets along with our solar system get sucked into the sun in 2 billion years. In any event, the author does a great job in explaining the Fed and monetary phenomenon and policy but like pretty much anyone who tries to predict where its all going with technical analysis (ie graphical trend lines) we can see now that he fails and there is no reward for failure in economics. I must confess however that I am defiantly prejudiced against technical (graphical) market analysis as a predictor. I'd recommend this book out of a library for a educational read on the mechanics of money and banking, but not to buy. It's just too old and embarrassingly wrong at its predictions that can now be seen in hindsight.... but then again what an uncanny resemblance to the banking debacle of today ! If one could just add 6 or 7 years to the authors predictions it would be a world best seller to be sure !
0 of 1 people found the following review helpful:
 Bob has been predicting a market crash and..., 2008-04-12
...and depression for at least the twenty years I've been watching him...does anybody EVER look at his success rate?...about twenty years ago he made something like a million dollars trading futures based -- so he claimed -- upon Elliott wave theory...he then invested that money entirely in treasury bills and started a stock market advisory newsletter...he has been significantly correct ONCE -- TWENTY YEARS ago...if you had followed his advice since then you would probably have gone broke...and he, himself, admits that he keeps his money in treasury securities and doesn't invest according to his own predictions...now, MAYBE he'll be correct again -- SOMEDAY...but do you really want to follow the advice of someone who's right -- MAYBE -- every twenty years?
1 of 1 people found the following review helpful:
 april 5, 2008 this book is prophetic - see below:, 2008-04-05
page 129 - "one can imagine a scenario in which the fed, beginning soon after the onset of deflation, trades banknotes for portfolios of bad loans, replacing a sea of bad debt with an equal ocean of banknotes, thus smoothly monetizing all defaults in the system...". that's what happened when the fed recently bailed out some investment firms! it's prophetic. this guy is right on track, and it's about the ONLY book on amazon that is this accurate. ya know, there's a negative review on this book written by someone in florida - you should hunt it up. the negative reviewer pokes fun at this book's conclusion about the housing market. bet he's not laughing now!
1 of 2 people found the following review helpful:
Pros and Cons, 2008-03-11
Pros: "Conquer the Crash" by Robert R. Prechter Jr. is a very good book. I discovered this at the public library and went "WOW!". I bought a copy for myself and a friend. The author's data is pretty accurate and reliable. He goes through showing how the current market is very unstable and how it got there. He goes through the whole subject of depressions and recessions and shows through graphs that history of the ups and downs of the US economy. He gives really good data as why a crash is coming and it's pretty much not a question of "If" but "When". There are places where he gets rather promotional about his Elliott Wave Theories. However, it's not as bad compared with a lot of other books and there are just a few places that he gets on this bandwagon. He is very honest that he doesn't have all the answers. He provides resources and, in the latter part of the book, provides how to survive and prosper after the crash. Our best shot is to stay constantly on top of financial news that are behind the curtain. Yahoo and MSN ain't gonna cut it. If sites have RSS, then a good reader can be very handy. Picking up information and processing it quickly and accurately is a must.
Cons: I gave this 4 stars so that you would be careful with what you take in when someone is predicting the future. This is really a Five-Star book. He makes his predictions based on previous information, a lot of that gathered from the Great Depression of the 1930s. However, these are not the same times as the 1930s. We will have the potential for nuclear armament and world war. We have a lot more people on the planet which creates a greater possibility for much more violence and we seem more psycho today than previous generations. As wars break out, diseases and famines are produced. Drinkable water is also a big concern. If you're older in age, medical care comes into play. A lack of medicines available is pretty much likely. As this next crash unfolds, governments could become much more totalitarian and confiscate everybody's wealth. The economy system will probably turn out to be radically different from the one of today as no one is going to want to repeat this crash ever again. There is also the possibility that the United States may not be the best place to be when everything is crashing down. There are many factors working within and without that seeks for her destruction. World governments and people around the world will want to pin the blame on American consumerism.
I do have a complaint that alot of this is for people with alot of money. Not only with this book but with also other resources that I have. The dollar amounts they speak in is unbelievable to me. I only make $13 a hour - just enough to get by (things are high here) and just enough to survive. Surviving is really my only option. There is also the problem that there may not be any Internet for a vast amount of time (or only for government and defense) or a working phone system. If the bank that your money is in is very long-distance from where you are, you got a problem. It would be much safer if you're closer to your assets. The Great Depression is only appliable as a small scale model but I believe that this crash is going to be very different and for worse than the Great Depression of the 1930s. God help us all.
2 of 7 people found the following review helpful:
Outstanding, 2007-01-09
THis book is simply outstanding. A must read for anybody that cares about their financial future. Well written, super informative, and exciting reading.
Price is accurate as of the date/time indicated. Prices and product availability are subject to change. Any price displayed on the Amazon website at the time of purchase will govern the sale of this product.
|
Store Categories
|