‘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 bubble worse. They are changing it from a stock market
bubble to a consumption and housing bubble.
And when those bubbles burst, it’s going to be worse than the stock
market bubble . . .
No one, of course, wants to hear it. They want the quick fix. They
want to buy the stock and watch it go up twenty-five percent
because that’s what happened last year, and that’s what they say on
TV.’
–Jim Rogers, author of the bestseller Adventure
Capitalist
from the Foreword to Financial Reckoning Day
Advanced praise from bestselling authors
‘An investment book that will not only enlarge your investment
horizon, but also make you laugh and thoroughly entertain you for a
few hours.’
–Dr. Marc Faber, author of the bestseller Tomorrow’s
Gold
‘Financial Reckoning Day is . . . in the category of
scintillating sex or good vision, something to be savored and
enjoyed-before it is too late.’
–James Dale Davidson, author of the bestseller The Great
Reckoning and The Sovereign Individual
‘A powerful and insightful vision . . . each paragraph
stimulates a new rush of thoughts that fills in gaping holes in the
investor’s understanding of what has happened to their dreams . . .
while prepping them to confront any new confusion that may
arrive.’
–Martin D. Weiss, author of the bestseller Crash
Profits
विषयसूची
Introdcution.
1. The Gildered Age.
2. Progress, Perfectibility, and the End of History.
3. John Law and the Origins of a Bad Idea.
4. Turning Japanese.
5. The Fabulous Destiny of Alan Greenspan.
6. The Era of Crowds.
7. The Hard Math of Demography.
8. Reckoning Day: The Deleveraging of America.
9. Moral Hazards.
Notes.
Bibliography.
Index.
लेखक के बारे में
WILLIAM BONNER is President and CEO of Agora Publishing, one of the
largest financial newsletter companies. Headquartered in Baltimore,
Agora now has offices overseas in London, Paris, Ireland, Bonn, and
Johannesburg. Mr. Bonner is also the creator of the Daily
Reckoning, a contrarian financial newsletter sent via e-mail
(www.dailyreckoning.com).
ADDISON WIGGIN is the publisher and editorial director for the
Daily Reckoning (www.dailyreckoning.com). The newsletter now has
more than 500, 000 readers in the United States and Great Britain
and is translated daily into German and French. It has received
praise from mainstream publications, including Money.