Financial Reckoning Day: Surviving the Soft Depression of the 21st Century

Hotel Resource Book Store 

 Store Home / Books / Financial Reckoning Day: Surviving the Soft Depression of the 21st Century

Hotel Industry Books 

Financial Reckoning Day: Surviving the Soft Depression of the 21st Century
by William Bonner, Addison Wiggin
from Wiley

Customer Reviews:

• Avg. Customer Rating: 3.5 / 5.0

• A Dim View of the Future
  Bonner and Wiggins see the world as a complicated place, where things can easily go differently than expected. One of the big problems is the human tendency to hop on the bandwagon, expecting that successful strategies will continue to work even as the chances that they will fail is increasing.
  The stock market does not go up year after year, sooner or later there will be some down years. But once people get used to double digit stock returns, they expect them to continue and adjust their spending... more info

• It's all in Adam Smith
  The authors of this book come close to identifying and pinpointing what the major cause of financial bubbles is and the disasterous impacts that affect large portions of the general population when they pop.
  They correctly give the first half of the story when they quote(p.238) Adam Smith's assessment that aggregate savings is a necessary ingredient that is vitally important in order to maintain aggregate economic growth over time once an optimal capital stock has already been accumulated in the... more info

• Bill Bonner - king of "doom & gloom" newsletters
  His source of income is promoting "doom & gloom"
  newsletters and writing an ocassional book such as this one.
  He recommends buying gold silver & digging
  yourself a hole in a ground to live in.
  

• "The Sky is Falling!" = "Risk can't be transfered!"
  But Bonner and Wiggans did manage to pluck a subscription to their newsletter from you.
  Chicken Little was in the woods one day when an acorn fell on her head. It scared her so much she trembled all over. She shook so hard, half her feathers fell out.
  Chicken Little: "Help! Help! The sky is falling! I have to go tell the king!"
  So she ran in great fright to tell the king. Along the way she met Henny Penny.
  "Where are you going, Chicken Little?"
  "Oh, help! The sky is falling!"... more info

Similar Products:

Empire of Debt: The Rise of an Epic Financial Crisis by William Bonner, Addison Wiggin (Paperback) - Usually ships in 24 hours

The Demise of the Dollar... and Why It's Great For Your Investments (Demise of... by Addison Wiggin (Paperback) - In stock soon. Order now to get in line. First come, first served.

Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and... by William Bonner, Lila Rajiva (Hardcover) - Usually ships in 24 hours

Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg... by Peter D. Schiff, John Downes (Hardcover) - Usually ships in 24 hours

The Great Bust Ahead: The Greatest Depression in American and UK History is Just... by Daniel A. Arnold (Paperback) - Usually ships in 24 hours