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Offers tips and information for protecting money and investments during a declining economy, including detailed investment advice, whether to buy or sell gold and silver, and how rising inflation can hurt investments.
Table des matières
Acknowledgments xi
Introduction xiii
Chapter 1 This "Recovery" Is 100 Percent Fake 1
Isn t a Fake Recovery Better than No Recovery at All? 2
If the Aftershock Has Not Been Canceled, Why Hasn t It Happened Yet? 5
Still Not Sure This Recovery Is 100 Percent Fake? 14
Don t Believe the Stimulus Has to Eventually End? There Is a Limit to What the Government Can Do 20
Wondering Why the Aftershock Hasn t Happened Already? "Animal Spirits" Are Keeping Us Going 21
Please Prepare Now 23
Part I: Aftershock
Chapter 2 Bubblequake and Aftershock-A Quick Review of How We Got Here and What s Next 29
Not Asleep with the Sheep 30
Bubblequake! First, a Rising Bubble Economy; Now, a Falling Bubble Economy 32
Future Inflation Will Cause Rising Interest Rates 43
From Boom to Bust: The Virtuous Upward Spiral Becomes a Vicious Downward Spiral 46
Why Don t Most Conventional Investors See This Coming? 52
What s a Savvy Aftershock Investor to Do? 53
Chapter 3 Aftershock Update: They Read Our Playbook-The World Is Printing Money 54
Central Banks Gone Wild 54
Economists Continue to Ignore the Risks of Money Printing 57
Why Isn t Inflation Higher Now? 60
Even Before We Get High Inflation, Other Potential Triggers Could Accelerate a Downtrend in the U.S. Economy 64
Chapter 4 The Market Cliff 73
The Market Cliff Won t Be Just a "Down Cycle" 73
Hitting the Market Cliff 77
The Last Resort: A Stock Market Holiday 81
When Is the Best Time to Get Out of the Stock Market? 84
Chapter 5 Conventional Wisdom Won t Work This Time 87
The Key to Conventional Wisdom: The Future Will Be Just Like the Past 89The Myth of a Natural Growth Rate 91
Real Productivity Growth Is Slowing Down, Here and Around the World 93
Warren Buffett: Master of Conventional Wisdom 95
The Key to Aftershock Wisdom Investing: The Future Is Not the Past! 99
This Debate Is Really Not about Inflation or Deflation, It s All about Protecting the Status Quo with Denial 106
Part II: Aftershock Investing
Chapter 6 Taking Stock of Stocks 117
Stocks: A Love Story 118
How Stocks Became the Heart of Most Investment Portfolios 122
In Theory, When You Buy Stocks You Are Buying Future Earnings 123
Conventional Wisdom on Stocks 130
Why Conventional Wisdom Is Wrong Now 134
What s a Savvy Aftershock Investor to Do? 138
Chapter 7 Bye-Bye Bonds 141
How Do Bonds Make Money? "Total Return" Is the Key 142
Conventional Wisdom on Bonds: The Safety of the Recent Past Means We Can Count on More Safety Ahead 148
Why Conventional Wisdom on Bonds Is Wrong Now 151
Bonds Will Fall in Four Stages 156
What s a Savvy Aftershock Investor to Do? 160
The Bottom Line for Bonds 163
Chapter 8 Getting Real about Real Estate 165
Real Estate Is Still a Bubble 166
What Really Drives Real Estate Prices? 167
After the Fundamental Drivers of Real Estate Began to Slow, the Bubble Started to Rise 169
Why Conventional Wisdom about Real Estate Is Wrong 171
What's a Savvy Aftershock Investor to Do? 176
Timing Your Exits Out of Real Estate 189
The High Cost of Doing Nothing 192
Chapter 9 Future Threats to the Safety Nets 193
All Insurance and Annuities Are Essentially Investments in Bonds 194
Conventional Wisdom on Whole Life Insurance and Annuities: Perfectly Safe and Worth Every Penny! 195
Why Conventional Wisdom Is Wrong: Facing the Real 800-Pound Gorilla in the Room 201
What s a Savvy Aftershock Investor to Do? 205
Chapter 10 Gold 211
Gold Was Golden for Centuries 215
Current Conventional Wisdom on Gold as an Investment: Stay Away! 216
Why Current Conventional Wisdom on Gold Is Wrong 219
What s a Savvy Aftershock Investor to Do? 222
How to Buy Gold 225
Owning Gold as Part of a Well-Diversified Actively Managed Aftershock Portfolio 231
How High Will Gold Go? 232
Part III: Your Aftershock Game Plan
Chapter 11 Aftershock Jobs and Businesses 239
