Financial Reckoning Day Fallout: Surviving Today's Global Depression, 2nd Edition

by Addison Wiggin; William Bonner

• ISBN13: 9780470564325
• ISBN10: 0470564326
• Format: eBook
• Copyright: 2009-08-01
• Publisher: Wiley

Summary

An informative look at surviving a modern market meltdownWhen the first edition of Financial Reckoning Day was published more than six years ago, many critics felt that maverick financial writers Bill Bonner and Addison Wiggin were overly critical of the United States increasing debt and the start of what seemed to be foreshadowing of economic concerns. Fast-forward to 2009, and much of what the authors predicted has come true-high unemployment rates, record setting foreclosures and bankruptcies along with the near global collapse of the financial institutions once thought to be so secure.With the Second Edition of Financial Reckoning Day, Bonner and Wiggin bring you even more down-to-earth wisdom. This timely guide reveals that the hazards of democratic consumer capitalism and the financial follies of history are not a thing of the past-but an ongoing issue with no end in sight. With this book, you'll gain a better perspective of what's really going on and discover the steps you need to take to survive the difficult times ahead. Bonner and Wiggin are astute observers of the global financial arena and perfectly positioned to offer you solid advice in this field Discusses what's behind all the financial turbulence, what's in store, and what you can do to safeguard your investments Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and Markets Other titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning DayHonest and accurate, the Second Edition of Financial Reckoning Day offers you the best chance to protect your assets and grow your portfolio in these difficult financial times.

Table of Contents

Foreword

Preface to the 2009 Edition: Confessions of a Newsletter Man

Acknowledgments

Introduction

The Gildered Age

Progress, Perfectibility, and the End of History

John Law and the Origins of a Bad Idea

The Era of Crowds

Turning Japanese

The Fabulous Destiny of Alan Greenspan

Reckoning Day: The Deleveraging of America

The Hard Math of Demography

Moral Hazards

Notes

Bibliography

Index

Table of Contents provided by Publisher. All Rights Reserved.