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More About This Title Profiting in Economic Storms: A Historic Guide ToSurviving Depression, Deflation, Hyperinflation,and Market Bubbles
English
In this era of unprecedented economic disruption, author Dan Shaffer warns investors and traders to be skeptical of the day-to-day pronouncements of the media and financial pundits, and instead look to the lessons of history and long-term economic cycles to inform their financial decisions.
To successfully navigate today's economic storms, he asserts, investors need to break free of crowd psychology and think for themselves. Shaffer believes that the study of past financial crises provides the surest guide to assessing the current environment, and with this reliable resource he shows you exactly how to make the most of your time in today's markets with this effective approach.
Offers timely advice on surviving depressions, deflation, hyperinflation, and market bubblesCompares our current economic and political situation with past financial crises and the rise and fall of other civilizationsBy understanding the "big picture," and refusing to be manipulated, you can better protect your assets and move in and out of trends to make big profits. This book will show you what it takes to make these moves, and excel in today's uncertain economic environment.
English
English
Preface.
Acknowledgments.
Chapter 1: The Current Economic Storm.
Is It Deflation or Depression?
The Government Cannot Save this Sinking Ship.
Protecting What You Have.
Profiting from the Coming Deflationary Depression.
Preparing for the Next Hyper-Inflation Cycle.
Summary.
Part I: Human Nature in Economic Storms.
Chapter 2: Battling Your Natural Instincts.
The Hopeful Investor.
The Fearful Investor.
The Herd or Crowd Effect.
Believing in Others.
Summary.
Chapter 3: Getting What You Want Out of Life and Trading.
Winning with the Hand You’re Dealt.
Gaining the Investment Edge through the Powers Within.
Part II: Deciphering the Financial System.
Chapter 4: Do Economic Releases Tell the Whole Truth?
The Ripples from a Drop of Data.
What Revised Releases Tell Us.
Putting the Numbers in Perspective.
Don't Believe Everything You Hear, Read, or See.
Chapter 5: Accounting Irregularities and Financial Statement Shenanigans
Cash versus Accrual Accounting
A Problem with Training and Resources
Why There are So Many Frauds
The GE Restatement
Accounting's Many Disguises
Summary
Chapter 6: Whatever Happened to Modern Portfolio Theory and Asset Allocation Models?
The Effect of Asset Pricing Shifts on Modern Portfolio Theory.
The Failure of Efficient Market Hypothesis.
Summary.
Part III: Learning from the Past.
Chapter 7: Fallen Civilizations.
Roman Empire.
Ancient Greece.
Ancient Egypt.
Why Look at History?
Chapter 8: The History of the United States Banking System.
Bank of North America (1782-1785).
The First Bank of the United States (1791-1811).
The Second Bank of the United States (1816-1836).
The Free Banking Era (1837-1862).
National Banks (1863-1913).
The Federal Reserve System (1913-Present).
Leading the United States into the Next Cycle.
Who Owns the Federal Reserve?
Chapter 9: Famous Market Manias
The Tulip Bulb Mania (1634-1637).
The South Sea Bubble (1719-1722).
The Dow Jones Industrial Average (1921-1932).
The Value Line Composite Index (1965-1975).
The Spot Gold Bubble (1975-2000).
The Nikkei 225 Index (1985-2009?).
The Dow Again (1980-2009?).
Detecting the Next Market Mania.
Part IV: Nature's Role in Engineering the Markets.
Chapter 10: Natural Cycles and the Financial Markets.
Using Solar Cycles as Indicators.
Nature's Lessons for Finance.
Living In Tune with the Cycles.
Chapter 11: Investment Cycles.
The Delta Phenomenon.
Elliott Wave Principle.
Fibonacci Numbers.
Terry Laundry's T Theory.
Summary.
Chapter 12: Engineering of the Markets.
The Floor Trader's Pivot Points.
Finding Your Trading Style.
Identifying the Engineers.
Chapter 13: The Bottom Line.
Recognizing Cycles Everywhere.
What to Do Right Now.
Up Next: Inflation or Hyper-Inflation.
And Then: The New Bubble.
Summary.
About the Author.
Index.
