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Binding: Hardcover
Dewey Decimal Number: 332.02401
EAN: 9780470567975
Edition: 2
ISBN: 047056797X
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 482
Publication Date: November 09, 2009
Publisher: Wiley
Studio: Wiley
Features:- ISBN13: 9780470567975
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
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Editorial Review:
Product Description: Today's financial and economic tribulations were a long time in the making. Many people ask, "Why didn't someone see it coming?" A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained the collapse in home prices, plunge in stocks, subprime debacle, liquidity crisis, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. The book was Robert Prechter?s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock.
Fast forward to today: the average U.S. homeowner has suffered a decline of 30% to 40% in property value. Stocks and commodities had their biggest fall since 1929-1932. Fannie Mae is a zombie corporation under the government?s protection. The Fed has pushed every button at its disposal (and then some), to no avail. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity. Conquer the Crash, 2nd edition offers you 188 new pages of vital information (480 pages total) plus all the original forecasts and recommendations that make the book more compelling and relevant than the day it published.
In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2008, and you'll realize it's true. Even fewer people will be ready for the soon-approaching, next leg down of the unfolding depression. In this 2nd edition, Prechter gives a warning he's never had to include in 30 years of publishing -- namely, that the doors to financial safety are closing all over the world. In other words, prudent people need to act while they can. Conquer the Crash, 2nd Edition readers will receive exclusive online access to the Conquer the Crash Readers Page, where Prechter continually updates the book's recommended services and institutions.
Average Rating: 
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If you would like to know what it takes to preserve your capital and grow it without taking much risk, follow Prechter's advice in this book. The book is very forward-looking in its predictions. Investors who have the patience and the willingness to wait for opportunities will be very well rewarded. People who have been strictly following Prechter's advice would have at the worst experienced less capital gains but would have slept very well compared to the others who follow the CNBCs of the world. ... Read More
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In the 2002 edition of this book Prechter notes that at press time the Dow was heading back above 10,000. Here we are eight years later and let's see just how spectacular the Dow's fall has been during Prechter's supposed deflationary depression. The Dow is now at...er, Dow 10,300. For those not in the know, Prechter has actually been 'talking down the Dow' since 1987. The Dow was supposed to drop to 1,000 during a delationary depression that Prechter has been citing as imminent for two decades. Instead ... Read More
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There are two versions of this bok out there. This is the older version, but still a good read.
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I find it absolutely creepy to read this book, the first chapters written in 2002 and the update written in 2009. My margin notes for the first edition cite my personal experiences for many of Prechter's predictions for the earlier dot-bomb crash. The "been-there-done-that-didn't-like-it-then-don't-want-to-do-it-again" feeling makes it hard to concentrate and not panic. Bags of non-numismatic silver coins, anyone?
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This book is just very good. Concise, helpful and beautifully written with helpful and easy to understand diagrams. I am a lucky guy. Thank you Bob.
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