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Financial Reckoning Day Fallout: Surviving Today's Global Depression |  | Authors: Addison Wiggin, William Bonner
Publisher: Wiley
List Price: $27.95
Buy New: $15.82
as of 11/23/2009 11:39 CST details
You Save: $12.13 (43%)
New (41) Used (10) from $15.82
Seller: indoobestsellers
Rating:  3 reviews
Sales Rank: 24142
Media: Hardcover
Edition: 2
Pages: 464
Number Of Items: 1
Shipping Weight (lbs): 1.5
Dimensions (in): 8.9 x 6.4 x 1.6
ISBN: 047048327X
Dewey Decimal Number: 332
EAN: 9780470483275
ASIN: 047048327X
Publication Date: August 3, 2009
Availability: Usually ships in 1-2 business days
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Product Description
An informative look at surviving a modern market meltdown When the first edition of Financial Reckoning Day was published more than six years ago, many critics felt that maverick financial writers Bill Bonner and Addison Wiggin were overly critical of the United States increasing debt and the start of what seemed to be foreshadowing of economic concerns. Fast-forward to 2009, and much of what the authors predicted has come true-high unemployment rates, record setting foreclosures and bankruptcies along with the near global collapse of the financial institutions once thought to be so secure. With the Second Edition of Financial Reckoning Day, Bonner and Wiggin bring you even more down-to-earth wisdom. This timely guide reveals that the hazards of democratic consumer capitalism and the financial follies of history are not a thing of the past-but an ongoing issue with no end in sight. With this book, you'll gain a better perspective of what's really going on and discover the steps you need to take to survive the difficult times ahead. - Bonner and Wiggin are astute observers of the global financial arena and perfectly positioned to offer you solid advice in this field
- Discusses what's behind all the financial turbulence, what's in store, and what you can do to safeguard your investments
- Other titles by Bonner: Empire of Debt, Financial Reckoning Day, and Mobs, Messiahs, and Markets
- Other titles by Wiggin: I.O.U.S.A., Demise of the Dollar, and Financial Reckoning Day
Honest and accurate, the Second Edition of Financial Reckoning Day offers you the best chance to protect your assets and grow your portfolio in these difficult financial times.
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| Customer Reviews:
 Very disappointed November 18, 2009
deacm (pennsylvania)
2 out of 3 found this review helpful
I have followed Bonner over the years and have appreciated his perspective. This book however was a major disappointment. The book just doesn't cover what the title (and subtitle) states that it is going to cover so from the get-go it is misleading. It spends most of its time doing a haphazard and rambling discourse on the economic history of the last 100+ years with wayyy too much time spent on Japan and Greenspan. The title of the book is "Financial Reckoning Day: Fallout"............precious little space is devoted to the current fallout from 2008-2009. Most of the pages are devoted to 1960-2002. It merely covers the ground that we've all heard ad infinitum over the last two years already in the media/CNBC, nothing really fresh at all and more importantly he does NOT spend much time covering the 'Fallout" scenarios yet to come .
The subtitle is "Surviving Today's Global Depression." You would think, therefore, that there would be pages devoted to 'what you can do in such a depression'. You would be disappointed. Only the last page or so even attempts to address that topic but wanders from it immediately. All Bonner states in gloomy repetition can be summarized by the last sentence in the book: "Our advice? Fold 'em, get up from the table before they clean you out'. I was expecting better and more detailed advice and strategies from someone as experienced. The book is a real downer and I got not one good idea from it.
 some good points in the book October 23, 2009
photondn (Florida, USA)
6 out of 6 found this review helpful
Financial Reckoning Day Fallout is a collection of history and opinion explaining the lead up of the 2009 Depression. (I think this is a Depression, not a Recession).
This book is not cohesive as The New Empire Debt which maintains the idea the US is practically an empire. This book is a loose collection of history and opinion. I did not enjoy Financial Reckoning Day Fallout as much as the New Empire of Debt.
I would, however, recommend this book to those who want a deep understanding of the current state of the economy.
The highlights in this book are the following:
- the reason why fiat money is a flop
- the influence of demographics, such as the Baby Boomers, on the economy
- the ongoing Japanese recession
- the history of Alan Greenspan.
 Insightful and Provocative August 11, 2009
Book Lover12
26 out of 27 found this review helpful
Bonner and Wiggin are great writers and wonderful at relaying what went wrong in the markets and what we can expect from here. I was a fan of Wiggin's book IOUSA and think this one takes those ideas even further.
The book explores the major correction underway in the US market. According to the author's "the feds' efforts to stop the progress of capitalism will have some spectacular consequences." The first edition of the book was right in its assumption that the US market was heading toward tough times, and based on their perceptive research, I believe their latest set of predications: "Advice to the Class of 2009" (as they put it).
This book will make you think about the risks that you take before you invest and more importantly before you make choices that effect your financial future. Do you really need to take out another line of credit? Living within your means will save you in the long run, and Bonner and Wiggin understand that. Chapter 3 is one of the best looks at the history of the "price of progress" and how a mix between a lack of foresight and an insatiable appetite lead to the economic downturn. I found the writing in the book engaging and often humorous- that's often tough to find.
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