The Second Great Depression

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The Second Great Depression
by Warren Brussee
from Booklocker.com, Inc.

Customer Reviews:

• Avg. Customer Rating: 3.5 / 5.0

• WHAT A COP OUT!
  What a cop out! Now that his 2007-2020 Second Great Depression has failed to materialize with 2008 2/3rds over, it is being repackaged as a newly titled "debt" book. A warm welcome Warren to the rather full club of authors who predicted disaster on a timeframe that didn't happen. You failed simply because you ignored the greatest force in the economy - the consumer. Every economist knows that the GDP is made up 90%+ by consumer spending - 60-70% directly plus government spending of the 28% of income they... more info

• astoundingly accurate predictions
  
  I wonder whether some of the people who wrote reviews of this book in 2006 would have been more generous with their praise if they were writing their reviews today.
  I was just reading through his chapter 4 on what the depression will look like and the predictions he made for the present time frame are a virtual carbon copy of the actual headlines in the financial news of this year.
  Some criticized his great specificity of predictions. That is indeed a very risky thing to do. I would be... more info

• Government Paper
  I like this book but for me half of the book was useless statistics and charts and tables. I am more interested in ideas. Mr. Brussee is a very smart man and I agree with him and I went though this well researched book and took my trusty high-light marker and marked some important statements and ideas. However, I just don't see who in their right mind would buy Government Paper. TIPS and Federal Bonds and Treasury Bonds are the problem. A government bond is a paper that's backed up by a promise which is... more info

• Decent Presentation For Those Unaware Of the Coming Crisis in The Financial Markets
  I first came across this author when he was featured on the Financial Sense program. This author does do a decent job of presenting the potential blood bath that could occur because of the unregulated credit default swaps.

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