Title: Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression, 2nd Edition
Author: Robert R. Prechter, Jr.
Price: US$29.95 (This price is valid for India)
Publication Date: November 2009
Published by John Wiley & Sons, Inc.
When the Dow was above 10,000 and the bulls were in their finery, literally enjoying every type of bubbly, Robert Prechter’s Conquer the Crash, published in early 2002, saw some tribulations in the making. 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 were among the well articulated content.
Where do we stand today; social optimism is at a new high even as 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.
Famous Market Manias and their aftermaths, 1600-2001 are graphically represented with a few lines on them for the uninitiated. These include the Gouda Tulip bulbs, South Sea Company, Numismatic News Coin Price Index etc.
Warning that the doors to financial safety are closing all over the world, the author says no investment strategy will provide stability forever. “You will have to be nimble enough, to see major trends coming and make changes accordingly.”
About the Authors:
Robert Prechter, Jr., is a social theorist and market analyst. He is President of Elliott Wave International (elliottwave.com), a publishing firm serving investors around the world. Prechter has authored 14 books. His Elliott Wave Principle with A.J. Frost in 1978 predicted the great bull market. Conquer the Crash (first edition, 2002) forecasted the financial meltdown.
Prechter's two-book set Socionomics (1999/2003) presents his seminal hypothesis that endogenously regulated waves of social mood determine the character of social actions. His Socionomics Institute
(socionomics.net) is dedicated to explaining and applying socionomic theory.
For more information, please visit RobertPrechter.com.
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