{"product_id":"panic-prosperity-and-progress-isbn-9781118684320","title":"Panic, Prosperity, and Progress","description":"\u003cb\u003eA detailed guide to financial market performance during financial crises\u003c\/b\u003e  \u003cp\u003eWith the financial markets seemingly careening from one crisis to another, it's vital for today’s investors and traders to have an historical perspective on market performance during times of great turmoil. In this book, Tim Knight provides an exhaustive analysis of financial market behavior prior, during, and following tumultuous events since 1600.\u003c\/p\u003e \u003cp\u003eMaking copious use of charts and basic technical analysis, Knight demonstrates how external shocks tend to create extreme reactions in the financial markets and how these predictable reactions provide opportunities for investors and traders to profit. Knight traverses five centuries of financial market history, from Tulipmania in the 1600s to the contemporary sovereign debt crisis. He looks at each event from the prism of the financial markets, examining the market climate prior to the event, during the event, and following the event.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDraws essential lessons from history providing investors and traders with guidelines to better navigate markets in today's tumultuous times\u003c\/li\u003e \u003cli\u003eOffers valuable insights on understanding and anticipating market responses to shocks and crises\u003c\/li\u003e \u003cli\u003eCompanion website with a Q\u0026amp;A section contains charts from key moments in past financial crises and asks readers to choose whether to go long, short, or step aside\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIf you're looking for a better way to make it today's dynamic markets, look no further than this timely book.\u003c\/p\u003e \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eChapter 1 Tulip Madness 1\u003c\/p\u003e \u003cp\u003eChapter 2 The Mississippi Scheme 9\u003c\/p\u003e \u003cp\u003eChapter 3 The South Sea Bubble 29\u003c\/p\u003e \u003cp\u003eChapter 4 American Revolution in the Colonies 37\u003c\/p\u003e \u003cp\u003eChapter 5 The Panic of 1837 49\u003c\/p\u003e \u003cp\u003eChapter 6 California Gold 63\u003c\/p\u003e \u003cp\u003eChapter 7 The American Civil War 75\u003c\/p\u003e \u003cp\u003eChapter 8 The Panic of 1893 97\u003c\/p\u003e \u003cp\u003eChapter 9 The Rich Man’s Panic of 1907 113\u003c\/p\u003e \u003cp\u003eChapter 10 Billion-Dollar Bread—The Weimar Hyperinflation 131\u003c\/p\u003e \u003cp\u003eChapter 11 The Roaring Twenties 145\u003c\/p\u003e \u003cp\u003eChapter 12 The Great Depression 157\u003c\/p\u003e \u003cp\u003eChapter 13 Postwar Prosperity 189\u003c\/p\u003e \u003cp\u003eChapter 14 Energy, Politics, and War 199\u003c\/p\u003e \u003cp\u003eChapter 15 Precious Metals and the Destruction of a Billionaire 219\u003c\/p\u003e \u003cp\u003eChapter 16 Latin American Debt Crisis 245\u003c\/p\u003e \u003cp\u003eChapter 17 The Reagan Revolution and Crash 255\u003c\/p\u003e \u003cp\u003eChapter 18 The Rising and Setting Sun of Japan 269\u003c\/p\u003e \u003cp\u003eChapter 19 The Savings and Loan Debacle 295\u003c\/p\u003e \u003cp\u003eChapter 20 Fall of the Soviet Union 309\u003c\/p\u003e \u003cp\u003eChapter 21 The Asian Contagion 321\u003c\/p\u003e \u003cp\u003eChapter 22 Russian Crisis of 1998 339\u003c\/p\u003e \u003cp\u003eChapter 23 Captured by the Net 353\u003c\/p\u003e \u003cp\u003eChapter 24 The Great Recession 415\u003c\/p\u003e \u003cp\u003eChapter 25 History in the Making 443\u003c\/p\u003e \u003cp\u003eAbout the Author 449\u003c\/p\u003e \u003cp\u003eIndex 451\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eTimothy Knight\u003c\/b\u003e is a money manager and founder of www.SlopeofHope.com, a popular trading blog started in 2005 that is one of the most active forums for discussion among traders on the Internet. Previously, he was founder of Prophet Financial Systems, a web-based service that was bought by Ameritrade and was consistently rated the number one website for technical analysis by both Barron's and Forbes. Prior to starting Prophet, Knight was vice president of technology products for Montgomery Securities and worked at Apple in Strategic Planning. Knight has traded for over 25 years, primarily using technical analysis and price charts as the basis for his decisions, and he owns and operates a short-bias hedge fund from his home town of Palo Alto, California.   \u003c\/p\u003e\u003cp\u003e\u003ci\u003eHistorical events move currencies, stocks, debt, and all other flavors of fiscal instrument, and likewise movements—particularly exaggerated movements—in the financial markets can drive the decisions that shape history in real time.\u003c\/i\u003e \u003cb\u003e —Tim Knight\u003c\/b\u003e \t \u003c\/p\u003e\u003cp\u003eThose who ignore history are condemned to repeat it. Nowhere is the verity of that old adage more evident than in the financial markets, where human nature and the ebb and flow of world affairs routinely put the lie to the long-cherished—and wholly irrational—belief in rational markets. Now, more than ever, as today's financial markets careen from one crisis to another, it is vitally important for investors and traders to develop an historical perspective on the behavior of the markets, and draw practical lessons from their behavior during times of financial turmoil and economic upheaval. \u003c\/p\u003e\u003cp\u003eA must read for all traders and investors, this book helps you to develop just such a perspective. \u003c\/p\u003e\u003cp\u003eWith a scholar's thoroughness and a born storyteller's talent for evoking a time and place and the characters who peopled it, top money manager and popular financial blogger Tim Knight takes you on a fascinating journey through five hundred years of the markets, from Tulipmania in 16\u003csup\u003eth\u003c\/sup\u003e century Holland to today's sovereign debt crisis. He makes copious use of charts and basic technical analysis to provide exhaustive analyses of financial market behavior prior to, during, and following tumultuous events. And he deftly demonstrates how external shocks lead to extreme reactions in the financial markets, how those reactions provided golden opportunities for savvy investors and traders to profit, and what you can learn from their examples. \u003c\/p\u003e\u003cp\u003eMany of today's most successful traders and investors credit their study of history as being the secret behind their uncanny ability to anticipate and capitalize on market responses to external events. Read Panic, Prosperity, and Progress and acquire the same competitive edge enjoyed by the likes of George Soros, Richard Dennis, John Paulson and other legendary money men.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989748924645,"sku":"NP9781118684320","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118684320.jpg?v=1761785340","url":"https:\/\/k12savings.com\/products\/panic-prosperity-and-progress-isbn-9781118684320","provider":"K12savings","version":"1.0","type":"link"}