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Conquer the Crash, 2nd Edition, Available on Nov. 9
New edition of New York Times bestseller by Robert Prechter
October 29, 2009 -- On November 9, 2009, Robert Prechter's Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (ISBN: 978-0-470-56797-5, $29.95) will be available in bookstores. The first edition became a bestseller in 2002 with more than 100,000 people reading it in time to protect their wealth before the sequential crashes in junk bonds, property, stocks and commodities.
Now Prechter is issuing a second edition with 188 new pages of real-time commentary on markets and the mounting prospects for deflation, rather than inflation, to become the true threat to the U.S. economy.
Prechter anticipated the current economic and financial situation in surprising detail in the first edition of Conquer the Crash, forecasting eventssuch as these: the implosion of collateralized securities; bank failures; Fannie Mae's stock collapse; and a rare, simultaneous fall in real estate, stocks and commodities. Since then, the average U.S. homeowner has suffered a decline of up to 40% in property value, Fannie Mae is a zombie corporation under the government’s protection, and stocks and commodities had their biggest fall since 1929-1932.
Conquer the Crash is a book-length forecast that's still coming true even as people have begun to proclaim that "the worst is over." Given his belief that the market is in the throes of a stair step–style crash that will surpass the Great Depression for severity, Prechter is putting out a second edition of Conquer the Crash at what he believes may be the last opportune time to convert investments to cash.
The second edition of Conquer the Crash (480 pages total) includes all ofthe original edition, word for word, which is as relevant as the day it first published. Prechter also warns that the doors to financial safety are closing all over the world. Within the new section, he expands his recommended list of ways that prudent people can protect their wealth and their livelihoods. It is all in a good cause, as those who can keep their money safe during the deflationary depression will be ready for the great buying opportunity that lies ahead after the crash.
For people who missed getting safe when the world was in party-hearty mode, the timing for this new edition -- as once again economists and financial authorities are announcing that all is well -- couldn't be more useful.
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About the Author
Robert R. Prechter, Jr., is a social theorist and market analyst. He is president of Elliott Wave International (elliottwave.com), a forecasting firm servicing institutional and private investors around the world. Since 1978, Prechter has authored 14 books. His Elliott Wave Principle with A.J. Frost in 1978 predicted the great bull market. Conquer the Crash (first edition, 2002) forecasted the current global debacle in substantial detail. His two-book set Socionomics presents his seminal hypothesis that endogenously regulated waves of social mood determine the character of social actions. His newest website, socionomics.net, is dedicated to explaining and applying socionomic theory. For more biographical information, go to www.robertprechter.com.
Conquer the Crash, 2nd edition
By Robert R. Prechter, Jr.
Wiley; November 2009; $29.95
978-0-470-56797-5
About Wiley
Founded in 1807, John Wiley & Sons, Inc., has been a valued source of information and understanding for 200 years, helping people around the world meet their needs and fulfill their aspirations. Wiley’s core business includes scientific, technical, and medical journals; encyclopedias, books, and online products and services; professional and consumer books and subscription services; and educational materials for undergraduate and graduate students and lifelong learners. Wiley’s global headquarters are located in Hoboken, New Jersey, with operations in the U.S., Europe, Asia, Canada and Australia.
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For more information about the book, please contact Aaron Berstler or Dustin Sadnick at Kohnstamm Communications at (651) 228-9141 and visit www.conquerthecrash.com/media