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

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Title: Financial Reckoning Day: Surviving the Soft Depression of the 21st Century
by Bill Bonner, Addison Wiggin
ISBN: 0471449733
Publisher: John Wiley & Sons
Pub. Date: September, 2003
Format: Hardcover
Volumes: 1
List Price(USD): $27.95
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Average Customer Rating: 3.46

Customer Reviews

Rating: 5
Summary: Exellent work
Comment: Bonner's Financial Reckoning Day is a tour de force: his is a lucid account of the current economic climate with practical and specific advice for the future. Along with Krugman's The Great Unraveling and Mahar's Bull!: A History of the Boom, this one of my favorite investing/economic history books of 2003.

Rating: 1
Summary: doom and gloom abound
Comment: Another Doom and Gloom book. Right up there with "Dr." Ravi Batra. There is an old saying in the investment world "bulls make money and bears make money...but hogs get slaughtered and chickens get plucked" What this means is that if you use a common sence investment approach the stock market, bond market or other investments are not an unsafe place to keep your money. Bonner and Wiggin are doing a disservice to those new to the investment world. If you are new to investing and are looking for practical advice that you can actually use, read Benjamin Graham's The Intelligent Investor.

Rating: 1
Summary: Overblown, Same Old
Comment: A lot of philosophising and meandering before getting to the "essence" of the message which we have all heard many times before anyway in many previous "countdown to economic disaster books". The message-that there is no free lunch, printing dollars will ultimitely lead to disaster and Social Security is a Ponzi scheme headed for a meltdown etc. So what else is new?

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