Paperback: 220 pages
Publisher: Wiley; 1 edition (June 8, 2010)
Language: English
ISBN-10: 0470598212
Weiss' "The Ultimate Depression Survival Guide" is a smart, well-written book full of sound financial principles, all of which make it worth buying. Using historical examples, recent trends, and advice from dad, Weiss brings a well-rounded understanding of the current economic crisis to the reader in a simple, easy-to-understand fashion.
His advice is summed up in a couple quotes: the depression was inevitable because of the housing bust, the mortgage meltdown, and the biggest debt crisis in history. The housing bust was cased by Fannie and Freddie Mac (as Weiss explains, "some of the largest speculative bubbles of all time were born out of government-sponsored monopolies"). And we can "kick the can down the road" (meaning we can bailout broken firms and "stimulate" the economy, but that will just delay the inevitable major crash.
But we can't do anything about our governments' reckless behavior until the next election, so Weis offers immediate advice to readers that they can do somehting about: save, reduce debt and sell stocks (the latter one might not be such a hot idea since it appears the markets have at least started a major rebound). He gives very good advaice about looking for the bottom of the economic retraction: look for the government to capitulate (give up trying to save the world!). He recommends investing in etfs (or reverse etfs) and treasury-only MM Funds
Buy The Ultimate Depression Survival Guide From Amazon
Download Link
Language: English
ISBN-10: 0470598212
Weiss' "The Ultimate Depression Survival Guide" is a smart, well-written book full of sound financial principles, all of which make it worth buying. Using historical examples, recent trends, and advice from dad, Weiss brings a well-rounded understanding of the current economic crisis to the reader in a simple, easy-to-understand fashion.
His advice is summed up in a couple quotes: the depression was inevitable because of the housing bust, the mortgage meltdown, and the biggest debt crisis in history. The housing bust was cased by Fannie and Freddie Mac (as Weiss explains, "some of the largest speculative bubbles of all time were born out of government-sponsored monopolies"). And we can "kick the can down the road" (meaning we can bailout broken firms and "stimulate" the economy, but that will just delay the inevitable major crash.
But we can't do anything about our governments' reckless behavior until the next election, so Weis offers immediate advice to readers that they can do somehting about: save, reduce debt and sell stocks (the latter one might not be such a hot idea since it appears the markets have at least started a major rebound). He gives very good advaice about looking for the bottom of the economic retraction: look for the government to capitulate (give up trying to save the world!). He recommends investing in etfs (or reverse etfs) and treasury-only MM Funds
Buy The Ultimate Depression Survival Guide From Amazon
Download Link