{"product_id":"aftershock-isbn-9781119118503","title":"Aftershock","description":"\u003cb\u003eSecure your financial future before the next big bubble bursts\u003c\/b\u003e \u003cp\u003e\u003ci\u003eAftershock\u003c\/i\u003e provides a definitive look at the economic climate still ahead in 2015—and beyond—and details the steps you can take now to secure your financial future. Written by the authors who accurately predicted the financial crisis of 2008 and 2009, this book serves as both a warning and a game plan for investors looking to avoid catastrophic loss. This updated fourth edition has been expanded with new actionable insights about protection and profits in an increasingly confusing investment environment, and includes the latest data, updated charts and tables, and brand new coverage of monetary stimulus. With a look back at the domino fall of the conjoined real estate, stock, and private debt bubbles that triggered the last major crisis, this book paints a vivid picture of what to expect the next time the world's economy pops. You'll learn how to protect your assets before and during the coming fall, and how to capitalize on the opportunities everyone else is missing.\u003c\/p\u003e \u003cp\u003eThe housing bubble has popped, toppling banks and sending shockwaves of stock market misery around the world. It may seem like the worst is over. It's not. This book shows you what's still to come, and how to ride the crest instead of being sucked under.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eLearn when, why, and how the global bubble will burst\u003c\/li\u003e \u003cli\u003eUnderstand the repercussions that will reach into your accounts\u003c\/li\u003e \u003cli\u003eGet up to date on the data, with expert analysis and insight\u003c\/li\u003e \u003cli\u003eStart protecting yourself now with a few smart investment moves\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe stock market, real estate, consumer spending, private debt, dollar, and government debt bubbles will burst, driving up unemployment, devaluing the dollar, and causing deep global recession. \u003ci\u003eAftershock\u003c\/i\u003e helps you fortify your assets before the wave so you can enjoy clear skies after the storm.\u003c\/p\u003e \u003cp\u003eExecutive Summary xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003eIntroduction: Your Guide to the Fourth Edition of Aftershock xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: The Coming Aftershock 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: This Recovery Is 100 Percent Fake Why the Aftershock Has Not Been Canceled 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIsn’t a Fake Recovery Better than No Recovery at All? 5\u003c\/p\u003e \u003cp\u003eIf the Aftershock Has Not Been Canceled, Why Hasn’t It Happened Yet? 7\u003c\/p\u003e \u003cp\u003eStill Not Convinced This Recovery Is 100 Percent Fake? 17\u003c\/p\u003e \u003cp\u003eDon’t Believe the Stimulus Has to Eventually End? 25\u003c\/p\u003e \u003cp\u003ePlease Prepare Now 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: America’s Bubble Economy Understanding How We Accurately Predicted the Financial Crisis of 2008 Is Key to Understanding Why Our Latest Predictions Are Also Correct 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBecause Our Earlier Books Were Right, Now You Can Be Right, Too 38\u003c\/p\u003e \u003cp\u003eDidn’t Other Bearish Analysts Get It Right, Too? 41\u003c\/p\u003e \u003cp\u003eHow the “Experts” Got It So Wrong 43\u003c\/p\u003e \u003cp\u003ePredictions from Ben Bernanke and Henry Paulson—We Trust These Officials with Our Economy 48\u003c\/p\u003e \u003cp\u003eWhere We Have Been Wrong 49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Phase 1: The Bubbles Begin to Burst Pop Go the Housing, Stock, Private Debt, and Spending Bubbles 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBubbles “R” Us: A Quick Review of America’s Bubble Economy 56\u003c\/p\u003e \u003cp\u003eFrom Boom to Bust: The Virtuous Upward Spiral Becomes a Vicious Downward Spiral 62\u003c\/p\u003e \u003cp\u003ePop Goes the Real Estate Bubble 64\u003c\/p\u003e \u003cp\u003ePop Goes the Stock Market Bubble 70\u003c\/p\u003e \u003cp\u003ePop Goes the Private Debt Bubble 74\u003c\/p\u003e \u003cp\u003ePop Goes the Discretionary Spending Bubble 77\u003c\/p\u003e \u003cp\u003eThe Biggest, Baddest, Bad Loan of Them All 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: The Market Cliff Not Your Father’s Down Cycle 83\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Market Cliff Won’t Be Just a “Down Cycle” 84\u003c\/p\u003e \u003cp\u003eHitting the Market Cliff 89\u003c\/p\u003e \u003cp\u003eThe Last Resort: A Stock Market Holiday 93\u003c\/p\u003e \u003cp\u003eWhen Is the Best Time to Get Out of the Stock Market? 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Massive Money Printing Will Eventually Cause Dangerous Inflation—So Why Hasn’t It Happened Yet? 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Inflation? 98\u003c\/p\u003e \u003cp\u003eWhat Exactly Is Money Printing? 99\u003c\/p\u003e \u003cp\u003eHow Does Money Printing Cause Inflation? 101\u003c\/p\u003e \u003cp\u003eCentral Banks Gone Wild: The World Is Printing Money 103\u003c\/p\u003e \u003cp\u003eWhere Is Inflation Hiding? 107\u003c\/p\u003e \u003cp\u003eThe Arguments against Future Inflation Simply Don’t Hold Up 113\u003c\/p\u003e \u003cp\u003eThis Is Not a Plan—It’s a Panic! 120\u003c\/p\u003e \u003cp\u003eThe Real Problem with Rising Future Inflation: High Interest Rates 121\u003c\/p\u003e \u003cp\u003eThe Fed’s Big Blind Spot: They Don’t Understand Where Growth Comes\u003c\/p\u003e \u003cp\u003eFrom (Hint: It Doesn’t Come from Rising Bubbles or Massive Money Printing to Support the Bubbles) 125\u003c\/p\u003e \u003cp\u003eWhen Will Inflation Begin? When Group Psychology Turns Negative after the Market Cliff 129\u003c\/p\u003e \u003cp\u003eThe Inflation Deniers Are Liars! 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Phase 2: The Aftershock Pop Go the Dollar and Government Debt Bubbles 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Dollar Bubble: Hard to See without Bubble‐Vision Glasses 138\u003c\/p\u003e \u003cp\u003eThe Government Debt Bubble Pops 158\u003c\/p\u003e \u003cp\u003eThe Aftershock 165\u003c\/p\u003e \u003cp\u003eThe Six Psychological Stages of Denial 166\u003c\/p\u003e \u003cp\u003eIs There Any Scenario for a Soft Landing? 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Global Mega-Money Meltdown It’s Not Just America’s Bubble Economy—It’s the World’s Bubble Economy 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe United States Will Suffer the Least 174\u003c\/p\u003e \u003cp\u003eThink of the World’s Bubble Economy in Two Categories: Manufacturing and Resource Extraction 175\u003c\/p\u003e \u003cp\u003eHow the Bursting Bubbles Will Impact the World 179\u003c\/p\u003e \u003cp\u003eIf the World’s Bubble Economy Is Hit Harder than the U.S. Bubble Economy, Won’t That Be Good for the Dollar? 188\u003c\/p\u003e \u003cp\u003eIf the Rest of the World Is Collapsing, Won’t That Be Good for Gold? 188\u003c\/p\u003e \u003cp\u003eInternational Investment Recommendations 190\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: “You’re No Fun” What I Hear Traveling Across Our United States 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBy Aftershock Co-author Robert Wiedemer Florida:”You’re No Fun” 193\u003c\/p\u003e \u003cp\u003ePhiladelphia: Wharton Meets Wall Street 197\u003c\/p\u003e \u003cp\u003eGreen Bay, Wisconsin: I Can Be a Cheerleader, Too—in the Right Places 199\u003c\/p\u003e \u003cp\u003eNorth Carolina: People Know in Their Gut that What I’m Saying May Be Correct 201\u003c\/p\u003e \u003cp\u003eNew York City: The Turkeys Were Living the Good Life Until … 202\u003c\/p\u003e \u003cp\u003eNew York City Again: When You Abolish Failure, You Institutionalize Stupidity 203\u003c\/p\u003e \u003cp\u003eOne Last New York Story: Is He Really Smart or Really Stupid? 204\u003c\/p\u003e \u003cp\u003eA State of Extreme Denial Exists in Parts of the United States 205\u003c\/p\u003e \u003cp\u003eWhat’s the Smart Money Doing Now? Just What They Did Before the 2008 Financial Crisis! Same Denial Now as Before 207\u003c\/p\u003e \u003cp\u003eThe Sun Will Shine after Every Storm (From My Hotel Room in North Carolina) 209\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Aftershock Dangers and Profits 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Covering Your Assets How Not to Lose Money 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Three Rules for Not Losing Money 215\u003c\/p\u003e \u003cp\u003eThese Rules Are Simple but Not Easy! 216\u003c\/p\u003e \u003cp\u003eLong Term versus Short Term 218\u003c\/p\u003e \u003cp\u003eRule 1: Exit Stocks Well Before the Market Cliff 221\u003c\/p\u003e \u003cp\u003eRule 2: Stay Away from Real Estate until after All the Bubbles Pop 228\u003c\/p\u003e \u003cp\u003eRule 3: Avoid Bonds and Most Fixed‐Rate Investments as Interest Rates Rise 241\u003c\/p\u003e \u003cp\u003eWhere’s the Best Place to Stash Cash? 243\u003c\/p\u003e \u003cp\u003eHow Long Must We Follow These Three Rules? 243\u003c\/p\u003e \u003cp\u003eLetting Go Is Hard to Do 244\u003c\/p\u003e \u003cp\u003eWhat Else Can I Do to Protect Myself? 247\u003c\/p\u003e \u003cp\u003eRemember, Your Net Worth Is Not Your Self‐Worth 249\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Cashing In on Chaos Best Aftershock Investments 251\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePlenty of Profit Opportunities, but They Will Feel Quite Uncomfortable, Even Scary at Times 251\u003c\/p\u003e \u003cp\u003eThis Economy Is Evolving; Your Investments Should Evolve, Too 252\u003c\/p\u003e \u003cp\u003eThree Goals of an Evolving Aftershock Investment Portfolio 254\u003c\/p\u003e \u003cp\u003eReducing Risk with a New Kind of Diversification 256\u003c\/p\u003e \u003cp\u003eTwo Other Aftershock Investments after the Bubbles Pop: Foreign Currencies and Foreign Bonds 272\u003c\/p\u003e \u003cp\u003eTiming Is Everything before the Bubbles Pop, but Your Timing Won’t Be Perfect 274\u003c\/p\u003e \u003cp\u003ePutting It All Together 275\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Aftershock Jobs and Businesses 279\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Rising Bubble Economy Created Huge Job Growth; Now the Falling Bubble Economy Means Fewer Jobs 280\u003c\/p\u003e \u003cp\u003eConventional Wisdom about Future Job Growth Is Based on Faith that the Future Will Be Like the Past 281\u003c\/p\u003e \u003cp\u003eWhy Conventional Wisdom on Jobs Is Wrong 283\u003c\/p\u003e \u003cp\u003eWhat’s a Savvy Aftershock Job Seeker to Do? 284\u003c\/p\u003e \u003cp\u003eThe Falling Bubbles Will Have Varying Impacts on Three Broad Economic Sectors 286\u003c\/p\u003e \u003cp\u003eShould I Go to College? 296\u003c\/p\u003e \u003cp\u003eOpportunities after the Bubbles Pop: Cashing In on Distressed Assets 297\u003c\/p\u003e \u003cp\u003eDig Your Well before You Are Thirsty 298\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Understanding Our Problems Is the First Step toward Solving Our Problems 299\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIf You Don’t Understand Why an Economy Grows, You Can’t Understand Why It Doesn’t Grow 300\u003c\/p\u003e \u003cp\u003eYou Need to See the Big Picture before You Start to Focus 301\u003c\/p\u003e \u003cp\u003eKey Breakthroughs in the History of Economic Thought 302\u003c\/p\u003e \u003cp\u003eEconomics Needs a Breakthrough Big‐Picture Idea like Geology Needed Continental Drift 309\u003c\/p\u003e \u003cp\u003eSo Why Aren’t We Getting an Alfred Wegener wor a Breakthrough Idea like Continental Drift? 311\u003c\/p\u003e \u003cp\u003eEconomists Have Become Academia’s Version of Financial Cheerleaders 311\u003c\/p\u003e \u003cp\u003eThe Demands to Get Tenure and the Rewards of the Good Life after Tenure Have Delivered a One‐Two Punch to Creative Economic Thought 312\u003c\/p\u003e \u003cp\u003eWhere to Now? Answer: Economics Needs to Move from Being a Collection of Competing Philosophies to Being a Unified Science 315\u003c\/p\u003e \u003cp\u003eFour Key Elements for Making Economics More of a Science 317\u003c\/p\u003e \u003cp\u003eWhere Do We Stand Today in Making This Transition? 321\u003c\/p\u003e \u003cp\u003eThe Economics Profession Does Not Want to Make This Transition 322\u003c\/p\u003e \u003cp\u003eThe Solution to the Lack of Interest in Making Important Changes in Economics: The Coming Aftershock 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Our Predictions Have Mostly Been Accurate, So Why Do Some People Still Dislike Them? 327\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s Not a Cheerleading Book 329\u003c\/p\u003e \u003cp\u003eIt’s Not a Complex Book (Although It Is Based on Complex Analysis) 330\u003c\/p\u003e \u003cp\u003eIt’s Not a Crazy Book 333\u003c\/p\u003e \u003cp\u003eIt’s Not an Academic Book 333\u003c\/p\u003e \u003cp\u003eIt’s Not Suggesting Armageddon 334\u003c\/p\u003e \u003cp\u003eIt’s Not a Reality‐Denying Book 335\u003c\/p\u003e \u003cp\u003eUs versus the Comforters: How Aftershock Stacks Up against Other Bearish Books 335\u003c\/p\u003e \u003cp\u003eAppendix: Are the Bond, Stock, and Gold Markets Manipulated? 343\u003c\/p\u003e \u003cp\u003eBond Market Manipulation 343\u003c\/p\u003e \u003cp\u003eStock Market Manipulation 344\u003c\/p\u003e \u003cp\u003eGold Market Manipulation 351\u003c\/p\u003e \u003cp\u003eMarket Manipulation Summary 354\u003c\/p\u003e \u003cp\u003eInvestment Impact 355\u003c\/p\u003e \u003cp\u003eBibliography 357\u003c\/p\u003e \u003cp\u003eEpilogue: Say Good-Bye to the Age of Excess 363\u003c\/p\u003e \u003cp\u003eIndex 367\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDAVID WIEDEMER, P\u003csmall\u003eH\u003c\/small\u003eD,\u003c\/b\u003e is a world leader in macro-evolutionary economic analysis. His work in information dynamics, technological evolution, and economic history form the basis for the predictions in Aftershock. Dr. Wiedemer is the Chief Economist for Ark Financial Management. He holds a doctorate in economics from the University of Wisconsin-Madison.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eROBERT A. WIEDEMER\u003c\/b\u003e is a Managing Director of Ark Financial Management, a macro-focused money management firm that is in alignment with the macroeconomic analysis and perspective of Aftershock. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCINDY S. SPITZER\u003c\/b\u003e is an award winning writer, bestselling coauthor, and president of Aftershock Consultants LLC, an investment advisory and macroeconomic consulting firm providing support and insights to individuals, businesses, and groups, based on the ideas in Aftershock.    \u003c\/p\u003e\u003cp\u003eDespite all-time highs in the stock market and a widening narrative that \"the economy is improving,\" a critical analysis of the current situation leads to a far more disturbing conclusion. The same authors that correctly predicted the financial crisis of 2008 and 2009 and foresaw the playbook that government leaders and the Federal Reserve would use to re-inflate asset bubbles, have laid out their vision of how the economic house of cards will crumble.  \u003c\/p\u003e\u003cp\u003eThis fully updated fourth edition of \u003ci\u003eAftershock: Protect Yourself and Profit in the Next Global Financial Meltdown\u003c\/i\u003e provides readers with an insightful analysis of the economic drivers that have created the illusion of a recovery and a false sense of security among investors. The authors have correctly predicted the path of the economy since before the global financial crisis and now they see things ending badly in the very near future. Are you prepared?  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eAftershock, Fourth Edition\u003c\/i\u003e is your must-have investment guide for understanding what's really happening in the global economy and how to protect yourself—and even profit—in the turbulent times ahead.   Despite all-time highs in the stock market and a widening narrative that \"the economy is improving,\" a critical analysis of the current situation leads to a far more disturbing conclusion. The same authors that correctly predicted the financial crisis of 2008 and 2009 and foresaw the playbook that government leaders and the Federal Reserve would use to re-inflate asset bubbles, have laid out their vision of how the economic house of cards will crumble. \u003c\/p\u003e\u003cp\u003eThis fully updated fourth edition of \u003ci\u003eAftershock: Protect Yourself and Profit in the Next Global Financial Meltdown\u003c\/i\u003e provides readers with an insightful analysis of the economic drivers that have created the illusion of a recovery and a false sense of security among investors. The authors have correctly predicted the path of the economy since before the global financial crisis and now they see things ending badly in the very near future. Are you prepared?\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAftershock, Fourth Edition\u003c\/i\u003e is your must-have investment guide for understanding what's really happening in the global economy and how to protect yourself—and even profit—in the turbulent times ahead.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988704739557,"sku":"NP9781119118503","price":27.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119118503.jpg?v=1761781260","url":"https:\/\/k12savings.com\/es\/products\/aftershock-isbn-9781119118503","provider":"K12savings","version":"1.0","type":"link"}