Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression - Hardcover

Prechter Jr., Robert R.

Hardcover

ISBN 10: 047056797X ISBN 13: 9780470567975

Publisher: John Wiley & Sons, 2009

Synopsis

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.

About this title

Review

In Conquer the Crash, Robert Prechter explains why he thinks the boom times are behind us. Based on his interpretation of the Elliott Wave Principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter argues that the economy is about to enter into a deflationary depression that few investors are prepared to deal with. In making his case, he assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due. The second half of the book shows how to avoid becoming "a zombie-eyed victim of the depression" and offers advice on protecting one's assets in a deflationary environment (cash is king). If there's any good news in the future that Prechter sees coming (other than how to avoid it), it's that all-out depressions don't last very long. Conquer the Crash should appeal to all investors, particularly those desperately looking for a safe haven from the uncertainties of today's markets. --Harry C Edwards

Review

"Conquer the Crash with This Important Book: All of the analysis and insight from the original edition is included in the new second edition. But Prechter has added 188 pages of entirely new material, and every one of the book′s pages is worth reading and re–reading, even if your copy of the original edition is coffee–stained and dog–eared." —Tim Bost, Financial Cycles Newsletter "Prechter′s advice for most investors, as described in the recently released second edition of his book [ Conquer the Crash ], is fairly simple: Play it Safe...Patience is a Virtue...Return of Capital Is Key." —Aaron Task, Yahoo Finance

‘...a rollicking read, with plenty of charts and other supporting material.’ (Investors Chronicle, January 2010).

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2009
• ISBN 10: 047056797X
• ISBN 13: 9780470567975
• Binding: Hardcover
• Language: English
• Edition number: 2
• Number of pages: 480