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Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
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Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

3.82 of 5 stars 3.82  ·  rating details  ·  97 ratings  ·  10 reviews
In the first edition of Conquer the Crash, all the market predictions that Bob Prechter made came to fruition. Now, in this revised and updated Second Edition of the New York Times bestseller, Prechter returns to provide answers as to what lies ahead. Written by a leading expert on investing in bear markets, this book is a timely and insightful guide for investors and trad ...more
Paperback, 335 pages
Published January 16th 2004 by John Wiley & Sons (first published June 21st 2002)
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Laura
Oct 30, 2013 Laura marked it as to-read
My dad passed this book along to me during a two-hour conversation about the current economic crisis during Thanksgiving break. He's a 30-year veteran of the finance industry, and one who predicted this current credit bust a solid decade ago, so I trust his economic wisdom and financial advice, and I expect this book to give me a solid grasp on what's happening on Wall Street right now--and what will happen. In case you're wondering, dear old dad predicts that the economy will rebound enough tha ...more
se lee
Dec 01, 2008 se lee marked it as to-read
Shelves: business
Popular passages:

Inflation is an increase in the volume of money and credit relative to available goods resulting in a substantial and continuing rise in the general price levels. - Page 87
Appears in 30 books from 1923-2007

... after long periods of rising stock prices and economic expansion. A depression begins, then, with the seemingly unpredictable reversal of a persistently, indeed often rapidly, rising stock market. The abrupt change from increasing optimism to increasing pessimism initiates
...more
Jon
Two books in one. The first part explains the Elliot Wave where we are in perhaps a Grand Supercycle that began in 1700's and will end now. The second part of the book explains what happens during the deflationary depression that will come and what to do before and after it happens. You can read this post from my blog that gives an extensive review.

One note that I don't include in the review is that the author suggests that if you own a small business, sell it, and buy it back for 10 cents on th
...more
C.J.
If you're looking for a book that contradicts the "inflationary bubble" that most are predicting, this book is excellent in giving insight into why the opposite might occur instead. The main reason, the banking system. Now, I do wish that Mr. Prechter would have discussed the M3 (or its extrapolated equivalent) more in the book, as I think it is of vital importance; however, that being said, he gives a very compelling argument for deflation, so much so, in fact, that I found this 400+ page book ...more
John
Oct 08, 2009 John rated it 3 of 5 stars
Shelves: 2009
I've read a couple inflationists, and here, Prechter gives the deflationary perspective. The argument is a compelling one. The Fed can only pump in so much liquidity while deflation destroys our credit based monetary system.

But the big problem I see is that Prechter has been completely wrong about the gold price, which just today reached an all time high. Hmm...

A good read, and the Elliot Wave analysis was very interesting in the early part of the book.
عبدالعزيز الراجحي
Predicted the crisis few years ago, the founder of Elliott Wave International, Robert Prechter, describes how the expected crash in markets would happen and to what extent. Besides, he explains how to veer away the mess, and which investments are safer than others. This book is an encyclopedia of historical corrections, crash, and manias for wisdom investors and analysts.
Stephanie
My dad gave me this book a couple years ago. Never too late right?? Simple striaght forward advice that makes sense on how to keep your money safe. You can skip 1st half - theories and go to 2nd section which is the hands - on, what to do! I'm going to try and implement a few principles this year! The kind of book you read over several times!
Edgar
This book had some good ideas on preserving your savings in the case of extreme economic conditions. It also explains various types of recessions and depressions and how people modified their habits during them. It talks about wave theory and peoples attitudes prior to changes in the market.
Michael
This book is prophetic. Written in 2002, Prechter has predicted the global financial crisis (though his timing is a few years off). About 50% of the things he predicted in 2002 have already happened. That leaves one to wonder when the other 50% will come to fruition.
Ryan Young
A must read for 2008.
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