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Books : The Little Book of Bull Moves in Bear Markets: How to Keep Your Portfolio Up When the Market is Down (Little Books. Big Profits) |
List Price: $19.95Amazon.com's Price: $13.57 You Save: $6.38 (32%)Prices subject to change.
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Binding: Hardcover
Dewey Decimal Number: 332.6
EAN: 9780470383780
ISBN: 047038378X
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 264
Publication Date: October 06, 2008
Publisher: Wiley
Sales Rank: 241
Studio: Wiley
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Editorial Review:
Product Description:
Written by seasoned Wall Street prognosticator Peter Schiff–author of the bestselling book Crash Proof: How to Profit from the Coming Economic Collapse–The Little Book of Bull Moves in Bear Markets reveals how you should protect your assets and invest your money when the American economy is experiencing perilous economic downturns and wealth building is happening elsewhere. Filled with insightful commentary, inventive metaphors, and prescriptive advice, this book shows you how to make money under adverse market conditions by using a conservative, nontraditional investment strategy.
Average Rating: 
Rating:  -
The book is very distressing. I hope the US is not in such dire economic condition. I am too old to leave the US, so that advice is not going to be possible for me. Book is well written with much information.
Rating:  -
Schiff was among the few who predicted the economic crisis (way before this book was written). Therefore, what he had to say obviously came with some credibility.
In this book (completed in June of 2008), Schiff identified a number of problems with the US economy, most notably that it produces little exportable goods and services, imports and consumes more than it exports and produces, and from the average individual to the federal government the US is living beyond its means. The account deficit, the budget deficit, and the average savings rate are all proof for the notion.
Schiff compares the current economic crisis with the Great Depression, and identifies similarities and differences. His description of the current crisis is based on the premise that the demand destruction is mostly affecting the US, whereas the economic engines (the "BRIC" countries, most notably China) are decoupled from the US economy enough to drive demand for commodities even higher. Thus, whereas the demand destruction in the US would be a deflationary force, due to the uncoupling, the globalized economy will cause an inflation of prices, which will make goods even less affordable to US customers because of the continued fall of the dollar.
I think that the idea has some merit, at least in the long run. However, since the completion of the manuscript, the market's movements suggest that the decoupling idea is wrong. To be truthful, it might not be wrong, but the ... Read More
Rating:  -
I was very impressed with the author's first book, Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books), but less so with this one. Though there was enough new content that I marked a few pages.
Peter deepens his explanation of economic principles, which were more difficult for non-economy folk to understand. He did, however, put in new material that brought us forward in time from his previous book. He also discussed in more depth both recommendations for the future as well as the "light at the end of the tunnel."
As he recommends, his first book should be read before this one because Crash Proof better presents his rationale.
Worth the time to read--if for no other reason than to see if his new predictions are correct. They are--again.
Rating:  -
Peter Schiff not only forecast, more than 2 1/2 years ago, what was coming that would shake up the corporate and personal economics of the US but has now come along with a little book of why's and what to do's
Well written, easy to read and with focused ideas on how to recession proof your investments..loved it and hope Peter writes a follow-up.
Rating: -
I came across with now famous youtube video, "Peter Schiff was right," about a month ago. I was stunned how correct he was, despite he was being ridiculed by the rest of the CNBC panelist, including Ben Stein and others, who insisted that "the times are good and the stock market and the economy in general will continue to prosper."
This is an updated and concise version of Mr. Schiff's 2007 book, "Crash Proof." I do recommend this "Little book" over Crash Proof.
I believe Mr. Schiff's augment is fairly simple and elegant, if you are willing to listen to something unpleasant but true, the adversity that we face in this US economy. At this time (the end of 2008), everyone is aware that we are in deep trouble and the economic picture in the US won't be pretty in the coming years. Mr. Schiff argues that this recession is not a problem, but a catalyst and a solution to the "borrow-and-spend" economy that the US went through after the dot com boom-and-bust in 2002. Rather than taking in the recession in the chin, Alan Greenspan and George Bush decided to provide low interest rate, therefore creating another bubble, a real estate bubble that replace the dot com bubble. Now we are paying for the mistake.
In this book, Mr. Schiff outlines how we got into this mess, and paints the grim but very likely scenario of Zimbabwe like hyper-inflation of the US dollar. The Feds are, in fact, printing money (over $5 trillion now) and dropping off the helicopter ... Read More
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