Contagion

Contagion

The Financial Epidemic That Is Sweeping the Global Economy--and How to Protect Yourself From It

Book - 2009
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Bestselling author John Talbott outlines the troublesome economic times ahead and what can be done about them

Tough times are here, and author John Talbott-who accurately predicted the dot.com technology stock collapse as well as the recent housing, mortgage, and financial crises-argues that the coming global recession will be unlike anything we've ever seen.

In Contagion, Talbott turns his attention to this crisis and offers insights on what can be done to navigate such treacherous terrain. Talbott sets the stage by discussing how government borrowing and spending on the war, healthcare, Social Security, and corporate giveaways combined with dramatic increases in personal spending, fueled by credit card and mortgage debt, have funded unsustainable levels of personal and government consumption.

Offers practical suggestions as to how investors and homeowners can best weather this storm with straightforward advice on where to invest Examines real estate and housing issues to help you make the best decisions possible in this arena Details the best ways to utilize stocks, bonds, TIPS, and commodities, and to prosper during this global crisis If you really want to protect yourself from the unfolding economic crisis, then Contagion is the book you need to read.
Publisher: Hoboken, NJ : Wiley, c2009
ISBN: 9780470442210
Branch Call Number: 330.973 TAL
Characteristics: xii, 256 p. ; 24 cm

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dirtbag1
Dec 09, 2012

As a former investment banker at Goldman Sachs, Mr. Talbott is well suited to write on the subject of the globalization of business (corporatization) and its pathological effects on humanity. In this book he covers all the same bases as other books on this subject, i.e. lack of transparency, thievery, anti-social investment practices, greed, and in particular just how extended we have become in debt of all kind. While this book focuses on the American experience to illustrate his theories this undoubtedly applies to all the industrialized and developing countries of the world. One of the most disturbing issues explored is the extent to which the ideal of democracy has been replaced by the reality of government by auction. Sad really. In the final chapter he outlines a path of where we should be headed. Its hard to imagine we could ever find our way there as the forces aligned against the bulk of humanity deem the welfare of the majority as simply another externality to be ignored. Certainly a book worth reading but be warned Mr. Talbott could use the services of a better proof reader.

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21288004246712
Jun 20, 2009

the first 90% is good, lots of insight into current US financial problems, but last 10% is a bit preachy about return of moral values

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