Conquer the Crash, Second Edition is Now Available
Today's financial and economic tribulations were a long time in the
making. Many people ask, "Why didn't someone see it coming?"
But a New York Times bestselling book did see it coming. Over
100,000 people read it in time to protect their wealth.
They read this about real estate:
Real estate prices have always fallen hard when stock prices have
fallen hard.... What screams 'bubble' - giant, historic bubble - in
real estate today is the system-wide extension of massive amounts of
credit to finance property purchases.... Many people have been rushing
to borrow the last pennies possible on their homes. They have been taking
out home equity loans so they can buy stocks and TVs and cars and whatever
else their hearts desire at the moment. This widespread practice is
brewing a terrible disaster.
And this about stocks:
...the number one precaution to take at the start of a deflationary
crash is to make sure that your investment capital is not invested in
stocks, stock mutual funds, stock index futures or any other equity-based
About Fannie Mae and Freddie Mac:
Investors in these companies' stocks and bonds will be just as surprised
when [Fannie and Freddie's] stock prices and bond ratings collapse.
Most rating services will not see it coming.
About junk bonds:
Don't think you will be safe buying bonds rated BBB or above. If
you have invested in municipal bonds, consumer debt, real estate debt,
junk bonds or anything other than top-grade paper, sell it at today's
All these observations are from Robert Prechter's Conquer
the Crash, published in early 2002, when the Dow
was above 10,000 and the financial world was partying around-the-clock.
Fast forward to today: the average U.S. homeowner has suffered a decline
of 30% to 40% in property value. Stocks and commodities had their biggest
fall since 1929-1932. Fannie Mae is a zombie corporation under the government's
If Prechter thought a whole new book would help, he'd have written
one. But Conquer the Crash is a book-length
forecast that's still coming true-- only some
of the future has caught up with the specific predictions he published
back then. There is much more to come. And that means more danger but
also great opportunity.
Conquer the Crash, 2nd edition offers you
188 new pages of vital information (480 pages total) plus all
the original forecasts and recommendations that make the book more
compelling and relevant than the day it published.
Of course, the same authorities who said "the worst can't happen"
now claim that "the worst is over." That's one of the
many reasons why Prechter is choosing now to expand Conquer
In every disaster, only a very few people prepare themselves beforehand.
Think about investor enthusiasm in 2005-2008, and you'll realize it's
true. Even fewer people will be ready for the soon-approaching, next
leg down of the unfolding depression.
In this 2nd edition, Prechter gives a warning he's never had to include
in 30 years of publishing -- namely, that the doors to financial safety
are closing all over the world. In other words, prudent people need
to act while they can.
Conquer the Crash, 2nd Edition readers will
receive exclusive online access to the Conquer the Crash Readers
Page, where Prechter continually updates the book's recommended services
Order your copy of Conquer
the Crash, Second Edition: