by Robert R. Prechter Jr.
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| List Price: | $27.95 |
| Average Rating: |  |
| Lowest New Price: | $22.18 |
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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 Review
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
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Average Customer Review:
0 of 0 people found the following review helpful:
 Good advices, 2008-09-30
The author provides good practical advices on how to live through the difficult times he foresees.
I was slightly disappointed in not finding in the book much of his "charted expectations" of how the market crash shall paly out, although he often refers to his other book ("At the crest of the tidal wave") for this. So I guess I should buy that one as well.
Also, not much insight is given with respect to Elliot Wave theory, of whom mr Prechter is an eminent scholar. Apparently the only book the author wrote to provide it is "Elliot Wave Principle".
1 of 1 people found the following review helpful:
 Pleased With This Book, 2008-09-20
Must admit I'm only a bit more than half way thru the book.
However, I bought it after reading other positive reviews & I'm not
disappointed. The premise is SAFETY with your capital.
The horrendous machinations we're seeing today in the world of finance was predicted by the author 4 years ago. His recomendations for safe havens for your money are excellent.
Gives methods to determine strength of your bank & money markets as well.
Well worth the purchase price. Get into prec. metals before it's too late!
1 of 2 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 !
2 of 6 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?
2 of 3 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!
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