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Here are a second list of books you may not have heard of which we believe can help further your investing education. Our “online library” keeps growing so check back for updates from time to time. We provide you with a short synopsis and give you links to make online purchases. |
Bill Bonner & Addison Wiggin | John Wiley & Sons While the message in Empire of Debt is simple (empire plus debt equals trouble), it is also a history lesson and a social lesson on how the empire arose, how it compares with others in the past, and how it differs. Authors Bonner and Wiggin take an in-depth look at how the American character has shifted to accommodate its new imperial role; how the US has abandoned the private virtues of personal liberty, economic freedom, and fiscal restraint; and how the government has gained control of public life and the economy. The result has been, among other things, unfettered deficit spending, gluttonous consumption, and fearless military adventurism. All the while, the nation creeps ever more precipitously towards bankruptcy. Empire of Debt is a witty and intelligent look at the state of America, the empire. The authors do not spare political icons of either national political party. Looking through a wide-angle lens back at history and forward into the next century, the authors suggest a "great empire" is to the world of geopolitics what a great bubble is to the world of economics - attractive, but doomed to end in catastrophe. |
by John Mauldin A must-read investment roadmap designed to enable investors to target real returns in today's uncertain markets. The era of buying and holding stocks is gone, says financial expert John Mauldin, and it will not return for some time. Today, investors must be able to predict where the markets and the economy are going; knowing where they were is obsolete. Mauldin makes a powerful case regarding the future of the markets. He outlines a new approach to investing that allows readers to adjust to what he believes is the new reality of investing. If they intend to make money and retire comfortably, investors must become familiar with "absolute return" vehicles, including hedge funds, certain types of bonds, and other value-oriented investments. Mauldin argues that traditional stock portfolios should not be the primary investment vehicle for individual investors. In fact, he argues that they will be a disappointment, if not a disaster, over the next decade, mirroring the results of similarly difficult markets such as those of the 1970s. He shows readers how to find alternatives, and advises caution when evaluating marketing promises and data commonly used by Wall Street to attract investors. Filled with groundbreaking research and practical advice, Bull's Eye Investing will help readers choose stable and secure investments that will enable them to profit in turbulent markets. |
by Laurence J. Kotlikoff and Scott Burns In the absence of any meaningful changes on the part of the US government, Laurence Kotlikoff and Scott Burns predict skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability as the consequences of the generational imbalance caused by the baby boomers' extended retirement years and long life span. These problems won't be resolved by traditional means: tax cuts, technological progress, immigration, foreign investment or the elimination of wasteful government spending. Is there a way to avoid this demographic/fiscal collision? The authors propose bold new policies, including Social Security and Medicare reforms. But just in case the politicians aren't willing to risk taking a new direction, the authors offer guidelines on how individuals can protect their financial health into the retirement years. |
by Ned Davis | McGraw-Hill Contrarians believe that when it comes to investing, the crowd is more often wrong than right, and to their credit they've enjoyed a 200-year history of success. This book examines how crowd psychology impacts the stock market, how the crowd is often predictably incorrect, and how investors can use proven contrarian investing strategies to uncover tremendous buying and selling opportunities. Davis offers advice on ignoring the temptation to follow the crowd and identifying signs that a stock price has been driven too high or too low. He also has strategies for protecting contrarian portfolios when it just so happens that the crowd is right. |
by Didier Sornette | Princeton U Press Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Didier Sornette boldly applies his varied experience to propose a simple, powerful, and general theory of how, why, and when stock markets crash. He proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of the market price, otherwise known as a "bubble." |
by Lawrence Parks | FAME To help make Mr. Greenspan's views more easily understood, Lawrence Parks has: (1) translated his FedSpeak terminology into plain English; (2) added critical comments; and, (3) suggested areas where further explanation ought to be forthcoming. In effect, by enlarging upon Mr. Greenspan's statements, he has constructed a primer about how our monetary system works to transfer wealth from poorer people to richer people. |
by Edward Griffen | American Media Griffin provides a close look at the history of the creation and inner workings of the Federal Reserve. He provides an in depth look at the grand illusion called money. A dry and boring subject? Just wait! You'll be hooked in five minutes. This book makes the connection between the creation of money and the cause of wars, boom-bust cycles, inflation, depression, prosperity. Creature from Jekyll Island is a "must read" for anyone interested in understanding the foundation of real wealth. Your worldview will definitely change. |
by Daniel A. Arnold | Instantpublisher.Com Dan Arnold is predicting a depression of unprecedented magnitude, much worse than that of the 1930s, and beginning as early as 2009. Based on demographics, the author claims that the data presented is so solid that the predicted outcome is unavoidable. Facts and figures illustrate the trend of the economy from 1920 to today, and project out to 2030 in detail. Suggestions for preparing for and coping with the coming economic downturn are offered, along with a summary of the domestic, social and international consequences. |
by David S. Landes | W.W. Norton & Company Why do some nations achieve economic success while others remain mired in poverty? The answer is a complex interplay of cultural mores and historical circumstance. Rich with anecdotal evidence, piercing analysis, and keen insight, The Wealth and Poverty of Nations is one of the most ambitious works of history in decades. |
by Mary Buffett, David Clark | Simon and Schuster In the world of investing, the name Warren Buffett is synonymous with success and prosperity. Building from the ground up, Buffett chose wisely and picked his stocks with care, in turn amassing the huge fortune for which he is now famous. Mary Buffett, former daughter-in-law of this legendary financial genius and a successful businesswoman in her own right, has teamed up with noted Buffettologist David Clark to create Buffettology, a one-of-a-kind investment guide that explains the winning strategies of the master. |
by Richard Heinberg | New Society Publishers The world is about to run out of cheap oil and change dramatically. Within the next few years, global production will peak. Thereafter, even if industrial societies begin to switch to alternative energy sources, they will have less net energy each year to do all the work essential to the survival of complex societies. We are entering a new era, as different from the industrial era as the latter was from medieval times. More readable than other accounts of this issue, with fuller discussion of the context, social implications, and recommendations for personal, community, national, and global action, Heinberg's book is a riveting wake-up call for humankind as the oil era winds down, and a critical tool for understanding and influencing current U.S. foreign policy. |
by Philip Gotthelf | McGraw Hill The world of precious metals is rapidly changing, with stunning developments in the precious metals markets. This book is a exhaustively researched, one of a kind book that explains why gold and silver have underperformed while stock prices have soared and bonds have offered hefty yields. Gold, silver, platinum, and palladium offer new and different profit potential for those who understand the impact of new technologies, new economic forces, and new demographics. This book can help prepare for the next explosive price movement. |
by F.A. Hayek | U Chicago Press A classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would inevitably lead not to a utopia but to the horrors of nazi Germany and fascist Italy. Originally published in England in the spring of 1944 The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. |
by Larry Bates | Creation House Economist Larry Bates is predicting turbulent times ahead, and in this book he shows how to get your finances in order before they arrive. Addressing topics such as mutual funds, stocks and bonds, banking, insurance and real estate, Bates provides an easy-to-understand analysis of the economy and why it's heading for disaster. |
by Paul Krugman | W.W. Norton & Company This book contains Krugman's most influential columns from the New York Times along with new commentary. It chronicles how the boom economy unraveled, how exuberance gave way to pessimism, how the age of corporate heroes gave way to corporate scandals, and how fiscal responsibility collapsed. From his account of the secret history of the California energy crisis to his examination of dishonesty in the Bush administration, Krugman tells the uncomfortable truth about how the US lost its way, and how it can recover. |
by Richard Duncan | John Wiley & Sons Inc. A sobering, timely wake-up call to the looming dangers of a massive - critically necessary - correction in the U.S. Richard Duncan writes with immense clarity and experience, weaving historical material into a rich tapestry of disturbing patterns, warning that the world cannot afford to ignore the lessons of Asian and Latin American financial crises - and Japan's malaise - as an even greater economic threat looms. Much of the discontent with the global financial system is rooted in the dollar standard. The risk of a dollar crisis is real and the author deserves much praise for clearly exposing a force that many seek to deny. A must read for anyone with a savings deposit. |
by Andrew Sarlos | Key Porter Books North Americans are frenetic about stocks, convinced that the markets have nowhere to go but up. Many novice investors have pulled their money out of their stagnant bank accounts and low-interest GICs and have ploughed them into stocks and equity mutual funds. In a compelling argument, made in 1997, Andrew Sarlos sounded an alarm against all this frenzied activity. |
by Michael Alexander | iUniverse Incorporated The Kondratiev Cycle: A generational interpretation provides empirical evidence showing that these cycles are aligned together and so reflect different aspects of an underlying cyclical process. The unified cycle obtained is used to make several predictions for future trends as a test of its validity. If valid, this unification means that those who wish to understand an aspect of the human story, such as economics, must also understand other aspects, such as religious studies, that interact with economics at a deep level. |
by John R. Talbott | McGraw-Hill Soaring home prices, combined with 50-year low interest rates, have lulled U.S. homebuyers into a false sense of security. But current economic conditions, combined with the actions of overly aggressive lenders, leave the housing market ripe for a major crash. This book is the first rational, unbiased examination of the dangers homeowners face in today's climate of overpriced housing and overextended credit. A clear-eyed and convincing analysis of the economic perils of owning or purchasing a home today Ten steps homeowners can - and should - take immediately to protect themselves. |
by Vincent LoCascio | FAME Special Privilege alleges that government grants special privileges to the financial sector of the economy that violate the fundamental principles of free enterprise that most of us cherish. In addition to the injustice of these special privileges, they pervert the free market, thereby guaranteeing a mammoth future crash. Lo Cascio suggests that the solution can take one of several forms, all of which boil down to: remove the special privileges. |
by John Kenneth Galbraith | Mariner Books Speculation run wild; record trading volumes; assets purchased not for their value but because they can be flipped for more in a day - or an hour. This is the scene in the late 1920s, and the parallels to the bull market of the late 1990s are clear. Galbraith notes that every financial bubble since 1929 has been compared to the Great Crash, which is why this book hasn't been out of print since it became a bestseller in 1955. Galbraith writes with perception about the poorly informed people who imagined themselves to be financial geniuses because shares in stocks they bought kept going up, and the apparent disinterest on the government's part. |
by Dave Skarica | Productive Publications Inc. Dave Skarica is convinced that a true market meltdown will occur... sooner rather than later and he backs up his claims with great detail in Stock Market Panic! Everyone who has any investments be they in equities, bonds, mutual funds or real estate should pay close attention to Dave's warnings. The question is: how do you avoid watching your wealth evaporate as you receive your passport to poverty overnight? Dave discusses this in detail. If you are serious about preserving your wealth and even profiting from a market crash, you will read this book right now... while there is still time! |
by John Rothchild | John Wiley & Sons Inc. John Rothchild, critically acclaimed author of the bestselling A Fool and His Money, isn't even afraid to face a full-fledged bear market. In his topical and timely new book, Rothchild reveals how to prepare psychologically and tactically for the looming debacle. Breaking from the pack of investment books which tacitly assume a bull market, The Bear Book offers a veritable blueprint of the various stages of a typical bear market. It will prove invaluable to those of us who wish to protect our savings - and peace of mind - whenever the market drops. |
by Stephen and Donna Leeb | Warner Books For the past thirty years, the price of oil has been the single most important component of the global economy. However, many geologists agree that the planet's supply of cheaply extractable oil will soon be overtaken by demand. In the not-too-distant future, oil prices will top $100 a barrel, pushing inflation into double digits and raising the question of deflation. This will result in an economy more unstable and a stock market more volatile than ever before. The Oil Factor is a road map to guide you through the pitfalls and point the way to financial success. It provides advice on choosing the right investments for any market environment, with a strong preference for hard assets. |
by International Energy Agency | IEA Press The International Energy Agency (IEA) is an autonomous body which was established in November 1974 within the framework of the Organisation for Economic Co-operation and Development (OECD) to implement an international energy programme. |
by James Blanchard | Simon& Schuster Gold, silver, and other precious metals have always held an attraction for those hoping to reap investment fortunes. Behind the shiny lure, though, lie huge risks. Nonetheless, periodically--as sure as the market will rise and fall--traders and analysts who specialize in these commodities promise a "coming bull market." Blanchard, better known for touting gold in his Gold Newsletter and Confessions of a Gold Bug (1990), now sees a new demand for silver that will drive prices dramatically upward. He enticingly recalls the surge in price from $1.50 to $50 an ounce a decade and a half ago, barely noting that the increase was due to market manipulation and overspeculation by the Hunt brothers of Texas. Regardless, Blanchard does an excellent job of explaining the various uses of silver and how supply and demand can be affected, how the price of gold affects the price of silver, and the concept of remonetization. He also compares and contrasts various ways of buying silver, such as bullion, collectibles, coins, and mining stocks. Recommended for larger investment collections. |
by Pierre Vilar | Verso Anyone interested in the changing sources and functions of gold and money in Western society will be enlightened and at times diverted by Vilar's pioneering history. Beginning with a survey of the role of gold and the various currencies used in ancient and medieval societies. Vilar goes on to anaylze the drive for gold and silver behind the first European voyages of discovery and conquest, and the subsequent impact on Western European economies of the influx of looted treasure. Vilar then traces the ascent of new banking and financial institutions in Holland, England and France in the seventeeth and eighteenth centuries, and considers the ways in which the nineteenth-century gold rushes generated modications of the international monetary syste. He concludes his comprehensive account with a fascinating discussion of the crisis of the 1920s. |
by James Howard Kunstler | Grove Press The indictment of suburbia and the car culture that the author presented in The Geography of Nowhere turns apocalyptic in this vigorous, if overwrought, jeremiad. Kunstler notes signs that global oil production has peaked and will soon dwindle, and argues in an eye-opening, although not entirely convincing, analysis that alternative energy sources cannot fill the gap, especially in transportation. The result will be a Dark Age in which "the center does not hold" and "all bets are off about civilization's future." Absent cheap oil, auto-dependent suburbs and big cities will collapse, along with industry and mechanized agriculture; serfdom and horse-drawn carts will stage a comeback; hunger will cause massive "die-back"; otherwise "impotent" governments will engineer "designer viruses" to cull the surplus population; and Asian pirates will plunder California. Kunstler takes a grim satisfaction in this prospect, which promises to settle his many grudges against modernity. A "dazed and crippled America," he hopes, will regroup around walkable, human-scale towns; organic local economies of small farmers and tradesmen will replace an alienating corporate globalism; strong bonds of social solidarity will be reforged; and our heedless, childish culture of consumerism will be forced to grow up. Kunstler's critique of contemporary society is caustic and scintillating as usual, but his prognostications strain credibility. |
Financial Times Personal Finance Library | Penguin books The lure of gold transcends time, empires, monetary theories and fashion. Gold is the quintessential inflation hedge and insurance policy against political and economic turmoil. The Gold Book is a comprehensive guide for every investor, whether your buying a few coins or plunging into the world of gold mining stocks. The Gold Book delves into: 1) the history of gold and silver 2) the economic and emotional forces that drive gold prices 3) bullion, coins, gold mining equities, options and futures and much more... |
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