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Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression, 2nd Edition
John Wiley and Sons Ltd, Nov 2009, Pages: 458
Conquer the Crash II predicts that the economy will continue to falter, and provides strategies for investors to preserve capital and survive in these perilous financial times. A New York Times bestseller, the 2002 edition of Conquer the Crash correctly forecasted the real estate bust; credit implosion; and stock market crash. In this new edition, Robert Prechter stands by those predictions and warns that further declines are likely and we will soon enter a full-fledged economic depression. This new edition warns investors against buying stocks, real estate, commodities, and collectibles. Moreover, as prices are likely to decline further, consumers should postpone major purchases for as long as possible. Instead, investors should purchase high-rated bonds; maintain accounts at only the safest rated financial institutions; invest minimally in precious metals; and wait for buying opportunities at the bottom of the market. Prechter will include an extensive appendix, describing the peaking of the stock, commodity, and real estate markets and the strengthening of deflationary forces in recent years. With over 100 pages of new materials, Conquer the Crash II will provide investors with a vital and updated roadmap to navigate the worst economic decline since the 1930s.
Today's financial and economic tribulations were a long time in the making. Many people ask, 'Why didn't someone see it coming?' A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained 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, and lots more. The book was Robert Prechter s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock.
Fast forward to today: 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 (and then some), to no avail. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity. Conquer the Crash, 2nd edition offers you 188 new pages of vital information (480 pages total) plus all the original forecasts and recommendations that make the book more compelling and relevant than the day it published.
In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2008, and you'll realize it's true. Even fewer people will be ready for the soon-approaching, next leg down of the unfolding depression. In this 2nd edition, Prechter gives a warning he's never had to include in 30 years of publishing -- namely, that the doors to financial safety are closing all over the world. In other words, prudent people need to act while they can. Conquer the Crash, 2nd Edition readers will receive exclusive online access to the Conquer the Crash Readers Page, where Prechter continually updates the book's recommended services and institutions.
Reviews
'Conquer the Crash with This Important Book: All of the analysis and insight from the original edition is included in the new second edition. But Prechter has added 188 pages of entirely new material, and every one of the book's pages is worth reading and re-reading, even if your copy of the original edition is coffee-stained and dog-eared.'
—Tim Bost, Financial Cycles Newsletter
'Prechter's advice for most investors, as described in the recently released second edition of his book [Conquer the Crash], is fairly simple: Play it Safe…Patience is a Virtue…Return of Capital Is Key.'
—Aaron Task, Yahoo Finance
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