Financial Reckoning Day: Surviving the Soft Depression of the 21st Century
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Financial Reckoning Day: Surviving the Soft Depression of the 21st Century

3.63 of 5 stars 3.63  ·  rating details  ·  46 ratings  ·  5 reviews
History shows that people who save and invest grow and prosper, and the others deteriorate and collapse.
As "Financial Reckoning Day" demonstrates, artificially low interest rates and rapid credit creation policies set by Alan Greenspan and the Federal Reserve caused the bubble in U.S. stocks of the late '90s. . . . Now, policies being pursued at the Fed are making the bubb...more
Paperback, 306 pages
Published December 20th 2004 by John Wiley & Sons (first published 2003)
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This is one difficult book to review because I am having problems summarizing everything. The concepts are deep; the data is vast.

There are four major themes in the book:

The USA economically speaking in the decade of 2000 is similar to Japan in the decade of 1990. Japan is still trying to get out of the 1990 ruts of recession, a hiccup of a recovery, and then another recession. Japan is still in a hangover over their boom 1980’s when they enjoyed a stock market and a real estate boom. Now Japan...more
Michael Madden
It all started with a financial newsletter The Daily Reckoning, in which Mr Bonner in particular pushed this book. His financial scribing seemed well informed and well founded so I thought I'd get this book, and it was a great decision. There are a few chapters that get a bit heavy going, but in general the authors provide an entertaining insight into our current financial plight, and what must happen before things will be back to normal. Their extrapolation might seem rather radical, but they h...more
Edward Pok
bill bonner is a very good writer. good style and prose... anyway, i thought the book was kind of depressing, but it made a very solid argument for the fiancial ruin america was heading towards and practical advice - to invest in gold - to protect your wealth.
Eh. I didn't finish this book. The author mixes his personal opinion with facts so much that I had difficulty deciphering the difference. Not a good layman's or intro book.
Yup...I read this one as soon as I completed Mobs...
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