| Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown |  | Authors: David Wiedemer, Robert Wiedemer, Cindy Spitzer
Publisher: Wiley
Category: Book
List Price: $27.95
Buy New: $16.13
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Seller: supermoviedeals
Rating:  80 reviews
Sales Rank: 192
Media: Hardcover
Pages: 273
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9 x 6.1 x 1.2
ISBN: 0470481560
Dewey Decimal Number: 332.024
EAN: 9780470481561
ASIN: 0470481560
Publication Date: November 9, 2009
Availability: Usually ships in 1-2 business days
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Product Description
BRAND NEW 2009 HARDBACK EDITION. SOME SHELFWEAR MARKS. WE SHIP MONDAY THROUGH SATURDAY.
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Showing reviews 1-5 of 80
 Too wordy, little help, much political bias July 26, 2010
Average Joe
1 out of 2 found this review helpful
This book could edited down at least 50% and still get the same points across effectively. That said, this book is too macro for the average person to truly be useful short of knowing there is a big crash coming (I already tended to believe this anyway). It also isn't for the more intellectual types either, so I don't know what market it really targets. These writers obviously believe in big government (FDR style), gun control (only destroys freedom), socialism (always fails), world governance (good luck with checks and balances on that one), climate change (nice name change after being caught lying about global warming), etc. In other words, all indications point to progressivist beliefs by the writers while they try to claim objectivity (nice try). I wasted my money with this purchase.
 Must read for Economists July 22, 2010
Ted Hruzd (New Jersey)
1 out of 2 found this review helpful
This is a must read for those who closely follow economics and politics. The authors very logically and meticulously support their projections for a much more serious economic down turn as a follow up or "aftershock" of our recent recession. They cite very pertinent statistics, ratios, trends. Judge for yourself. Their recommendations how to survive the Aftershock are also very well presented and compelling. Their projection of an econonic debacle with approx 50 percent decrease in GDP is stunning. Their projection of a much stronger economy resulting as we recover and how we will get there is pursuasive.
One especially interesting section pertained to the history and progression of money. They project that sometime after we recover from the Aftershock, we will have an international currency (or at least based on dollar, euro, yen). Why? As a major way of preventing future multiple bubbles that can topple an economy.
A central argument they make: Our current multiple "bubbles" - from real estate, stock market, private and public debt, discretionary spending, and dollar bubble, are all inter related. These individual bubbles all magnify impacts of all bubbles when they burst.
It is hard for anyone to challange their logic -- example: try to argue that the dollar will not decline substantially or that inflation will not sky rocket given our growing US debt (approaching 90 per cent of GDP).
The only area I wish the authors would have added is - what can we (US and world) do now to cushion this upcoming Aftershock. At present US corporations have about 1.8 trillion dollars they are choosing not to invest. Would a more pro business public policy unleash this money and lead to greater GDP and greater US Treasury revenue - thus decreasing growth of our Govt debt bubble? And do everything possible to take some air out of our multiple bubbles and stabilize and improve our economy?
After reading this book please ask your elected representatives to at least have their staff read it. In 2006 these authors accurately predicted the real estate, stock bubble bursts and investment bank failures.
Now done I blog to their web site.
Enjoy the book!
Ted Hruzd
mericans who care. July 19, 2010
Clarence L. Curl (El Paso, TX United States)
0 out of 2 found this review helpful
Every 'thinking' American should read this book and act now. A short time into the future will be too late to use the advice put forth.
 Self Serving Bubble July 10, 2010
Mike Lyons (San Antonio)
7 out of 10 found this review helpful
This is a easy to read, if somewhat scary, forecast of the future...if you believe it. The authors hang their hat on the fact (as they tell it) that their first book, America's Bubble Economy, published in 2006, correctly predicted the financial turmoil that has occurred since. They were right about that, just ask them.
Other reviewers have done an excellent job of outlining the details and theories this book presents. The theories seem plausible. A few things stood out in my mind after reading the book.
They spend too much time patting themselves on the back on just how right they were with their book. Since I didn't read their first book, I can't comment on their claim. They devote a whole chapter explaining why they are right and the rest of the world is wrong. In Phase III of their theory, the government can no longer borrow money to finance it's debt, and the value of the dollar has dropped significantly. Think of Germany in the early 1930's. To help you personally avoid this catastrophe they recommend you sign up for their newsletter which is a cool $99.95/month, unless you act now when you can get it for half, $49.95/month. So it seems if enough people buy in, during the Aftershock, while the rest of us will be suffering, the authors won't be hurting at all.
I give the book five stars for their economic theory. Subtract one star for all the self congratulations and the chapter why they are right. Subtract one star for the expensive newletter subscription and one more star for their left-wing political solutions listed in Chapter 10 (See review by MRCOLUMBUS), and finally, I found the climax disappointing and some of their conclusions flawed. For example, they say in the post aftershock world we need to cut back on military spending (page 210, especially the Air Force and Navy...how do they come to that conclusion) but then on page 222 say the government military spending is one way the government can use to restart productivity. You can't have it both ways. Barely a 2-star book.
The Guidance I Was Looking For July 9, 2010
sandra
0 out of 3 found this review helpful
This book gives you a new perspective. It allows you to step back and look at why the recent bubbles in the ecomomy have happened and what to expect in the future.
A must read if you want to protect yourself and your assets in the next few years.
Showing reviews 1-5 of 80
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