Author(s): Robert R. Prechter
Gives economic and market analysis and shows how to take steps to protect, survive, and prosper. This title includes 50 page supplement as well as the safety sources. It is an insightful guide for anyone looking to protect and make money in financial markets.
"...A must read especially for the discerning investor..." (Malaysian Business, 16 November 2003)
Robert Prechter is president of Elliott Wave International, which resides at www.elliottwave.com. EWI is a forecasting firm servicing institutional and private investors around the world, providing long-term as well as intraday analysis on stock markets, currencies, interest rates, commodities, and social trends. Since 1978, Prechter has published thirteen books on the financial markets, which have been translated into as many as a dozen languages. Every month, he writes thoughtful market commentary in The Elliott Wave Theorist. He is currently developing a new website dedicated to the elucidation of what he terms socionomics, a science of social-trend forecasting. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York City.
Foreword.BOOK ONE: WHY A STOCK MARKET CRASH, MONETARY DEFLATION AND ECONOMIC DEPRESSION ARE LIKELY TO OCCUR SOON.PART I: THE CASE FOR CRASH AND DEPRESSION.1. A Myth Exposed.2. When Do Depression Occur?3. When Do Stock Markets Turn from Up to Down?4. The Position of the Stock Market Today.5. Evidence from Stock Participation and Economic Performance.6. The Significance of Historically High Stock Market Valuation.7. The Significance of Historically Optimistic Psychology.8. Implications for the Stock Market and the Economy.PART II: THE CASE FOR DEFLATION.9. When Does Deflation Occur?10. Money, Credit and the Federal Reserve Banking System.11. What Makes Deflation Likely Today?12. Timing Deflations: The Kondratieff Cycle.13. Can the Fed Stop Deflation?BOOK TWO: HOW TO PROTECT YOURSELF AND PROFIT FROM DEFLATION AND DEPRESSION.14. Making Preparations and Taking Action.15. Should You Invest in Bonds?16. Should You Invest in Real Estate?17. Should You Invest in Collectibles?18. Should You Invest in "Cash"?19. How to Find a Safe Bank.20. Should You Speculate in Stocks?21. Should You Invest in Commodities?22. Should You Invest in Precious Metals?23. What To Do With Your Pension Plan.24. What To Do With Your Insurance and Annuities.25. Reliable Sources for Financial Warnings.26. How To Ensure Your Physical Safety.27. Preparing for a Change in Politics.28. How To Identify a Safe Haven.29. Calling in Loans and Paying Off Debt.30. What You Should Do If You Run a Business.31. What You Should Do with Respect to Your Employment.32. Should You Rely on Government To Protect You?33. A Short List of Imperative "Do's" and Crucial "Don'ts".34. What To Do at the Bottom of a Deflationary Crash and Depression.Services That Can Help You Survive and Prosper in a Deflationary Depression.Supplement for 2004.Media & Misc. References.