File Size: 986 KB
Print Length: 39 pages
Publisher: Longwave Press (March 28, 2015)
Publication Date: March 28, 2015
Sold by: Digital Services LLC
Language: English
ASIN: B00VDI6VD8
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Not Enabled
Best Sellers Rank: #347,337 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #14 in Kindle Store > Kindle eBooks > Business & Money > Economics > Interest #42 in Books > Business & Money > Economics > Interest #66 in Kindle Store > Kindle eBooks > Business & Money > Management & Leadership > Planning & Forecasting
I have been interested in this topic ever since my college years when I was told that the baby boomer generation would retire and change everything. That was seventeen years ago and I can see the changes that have occurred over the years. This book provided the answers to many of my questions and gave me insights as to how I should proceed in the near future to be prepared for a total crash in the economy.I can tell by reading this book that the author is an expert in the field and really knows what he is talking about. I also find it amazing how one generation like the baby boomer generation can have such an impact as they go from their youth and working years to retired adults.Here are some of the details that I especially liked in the book. Baby boomers, in youth there is an increase demand, which equals supply shortages and economic inflation. In old age they retire and consume less causing a downward adjustment in the economy and deflationary pressures set in.It is as simple as that. Facts like these have been known by economists for years, so why is it a shock when there is a recession? Why are people so surprised by poor economies when all the signs have been there for years? There will be no surprises and no shocks after reading this book.
I really enjoyed reading this book. It had a good flow throughout, and it had my attention from start to finish. The words used are not too complex, which I like because there’s no need to have any prior knowledge before reading this book.I am a visual learner, so I really liked the graphs used in the book. I especially like how the graphs show the past several decades instead of just a few years as it gives more credibility to the facts. As a sidenote, when I was reading the book, I thought about how corporate America gives just a few percent raise, if anything. (But that could be an entirely new book in itself).The interest rate graph is also interesting. It helps to illustrate the best way to use savings. It’s so true when the author states the best way may to be under the mattress. I like to figure out where to put my money to maximize potential interest, and this makes me think more about my future decisions.I was really happy to see the section at the end about how to survive the crisis. There are always facts you can absorb. But if you don’t know what to do with these facts, it is all useless. I also like the section at the end with the extra articles, so you can get more information from other sources if you so choose.In conclusion, this is an excellent read and great book for everyone. I learned a lot of good information, and I know I will be changing some things in my life because of some things I read in the book. I highly recommend it for anyone who wants to learn a little bit more about the economy, money, stocks or how to even get a little more ahead in life. A+++++++
I found this to be a very engaging and thought provoking read, we are all already aware that we are living longer and working more hours for less money, but Cheung’s analysis of social economic structure and its affect on the economy has certainly stimulated my thoughts on the coming months and what to expect.Cheung’s prediction of a tumultuous stock market crash is backed up against historical facts and figures; he raises valid points about the impending retirement of baby boom generation and the backlash of this on the economy.The book itself is well written and a comfortable read, Cheung has an excellent light-hearted flow to his writing and let’s face it economics is hardly a jovial subject, yet he manages to make his theories easy to understand. Cheung explains the reasons behind economic downturns in very simple plain English; he cites historical and social impact and discusses economic growth and decline in layman’s terms.This book is a must read for students of economics as well as those who have an interest in demographics and the stock market. As a Brit I found this a really interesting read, it was good to think about the US perspective, certainly against what we here in Britain are facing. One particular closing paragraph strikes a chord with me:“The timing is critical. In a democracy you vote for your leader. That will be your most significant act in bringing in an economic recovery”With a general election looming in Britain in the coming months Cheung’s theory could turn out to be our most prophetic warning!
I'm just two gas masks shy of being a doomsday prepper so any book about possible stock market crashes catches my eye immediately. This is perfect for anyone who plays the stock market, as well as those who fear an economic crash is on the horizon. Well written and obviously well researched, it walks you the basics of demographics and economics in the US, explaining topics such as wages and inflation in a way that is simple to understand.I now realize the indicators of a coming crash go far beyond what a particular stock is worth. It even takes you through the relevance of homicide rates, which I never would have considered. Overall this is a very educational and eye opening guide. I believe it is an excellent resource for anyone who wants to be prepared for a potential stock market crash.
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