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Title: Debt, Deficits, and the Demise of the American Economy
Author: Peter J. Tanous, Jeff Cox
Narrator: Russ Offenbach
Format: Unabridged
Length: 7 hrs and 24 mins
Language: English
Release date: 08-07-12
Publisher: Audible Studios
Ratings: 3 of 5 out of 1 votes
Genres: Business, Personal Finance & Investing
Publisher's Summary:
What investors can do to protect their investments in the next phase of the ongoing global economic collapse.
The United States is heading toward an unavoidable financial catastrophe that will paralyze the markets and the overall economy in ways never before seen. Some call this impending economic catastrophe a double-dip recession, others a financial Armageddon.
Regardless of what it's called, it is too late to stop it. Debts, Deficits, and the Demise of the American Economy is a look at how we got here, how the crisis is unfolding, and how it will end with a stock market crash in 2012, if not sooner. This book:
Debts, Deficits, and the Demise of the American Economy is a must-listen, play-by-play account of the worldwide depression that is likely to unfold in the coming years.
Members Reviews:
Disturbing but seems to be technically accurate
I read this book because I am concerned about the economy and am looking at ways to weather the coming economic storm. It appeared that the authors had the details correct, and presented a logical conclusion based on those details. Clearly, economics is black magic and there are a lot of underlying factors that none of us can ever know that will affect the outcome, good or bad. The one area that could have been better was strategies for investing in this period of uncertainty. Gold always comes up but gold is hard to handle/spend, and precious metals mutual funds traded in what could be worthless dollars hardly seem to be a good investment.
A succinct and well-written book that gets right to the point
This is a must read for anyone concerned about the direction government continues taking toward financial ruin. The authors do not assume their readers are economists and their reasoning is sound and easily understood by the average reader. If you are concerned about our nation's future and are looking for practical survival techniques, then do yourself a favor and buy this book.
Everybody hang on!
I did enjoy the book but did not agree with the fact that they went on to blame the compliant consumer for the housing/mortgage mess. It was the greed of corporate america to give these loans to NINJA customers. The banks are at fault for making these piss poor loans not the uneducated consumer.
Where is the beef?
I cannot believe that Nassim Taleb recommended this hackneyed excuse for original writing... I have known Monsieur Taleb and of him since London in the 80's... His writing is energized and original... This is an epiphenom-book ... It has an expert problem...
It is an uninspired rehash of yesterdays newspapers... Stylistically the writing makes reading the phone book of Plano Texas seem like pure joy...
Breathless and boring are the two most descriptive words I can think of for this attempt at a financial tome... Which if god is really great, will certainly end up in a literary tomb.
The NNT mention got me to spring for this banality masquerading as a book... Just as did his recommendation of Liar's Poker caused me to spring for it... Some you win and some you lose...
Thanks to god it was a Kindle book so I do not have to publicly burn it...
Excellent book
This book is a "must read" for anyone who has an interest in the world's economy (which would be just about everybody). The book tells the story of where we are now, how we got here, and where we are going.