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From the NewsMax.com Staff
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Saturday, Nov. 15, 2003 1:43 p.m. EST
'Financial Reckoning Day' Hits N.Y. Times Best-seller List
A new book that challenges the idea that the U.S. is in a full-blown economic recovery is getting big notice – and just hit No. 7 on the New York Times Business Best-seller list.
Maverick investment authors Bill Bonner and Addison Wiggin make these and other claims in "Financial Reckoning Day: Surviving the Soft Depression of the 21st Century."
Don't believe the latest economic numbers, they say, adding, "History shows us that investing has less to do with raw economic data and statistics – the domain of most other investment books – and more to do with old rules, metaphors, and experience."
"Financial Reckoning Day" offers new revelations:
Why the "Information Age" stock boom went bust, with sobering insights into such companies as Amazon.com, Cisco Systems and Global Crossing.
Why high-spending, high-borrowing consumerism "leveraged" the U.S. economy and what you might expect from the "soft, slow depression" in the decade ahead.
Why Japan’s "miracle economy" unexpectedly collapsed and why a decade of monetary stimulus – similar to what the U.S. is trying to do now – failed!
"Financial Reckoning Day" warns that depressions are not necessarily a thing of the past. And that’s why it’s so vital to have an essential, wide-angle resource like this on hand ... to get through the current crunch – and put profits back into your portfolio.
Irreverent and eye-opening, this "big picture" investment book will "thoroughly entertain you for hours," says Barron’s Roundtable member Marc Faber, and help you safely chart your financial destiny in today’s precarious investing climate.
Save 35 percent ... go to: "The best investment book I have ever read ..." Click Here
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