Robert A. Wiedemer
Author of Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown (1st Edition)
Works by Robert A. Wiedemer
Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown (1st Edition) (2009) 130 copies
The Aftershock Investor: A Crash Course in Staying Afloat in a Sinking Economy (2nd Edition) (2012) — Author — 58 copies
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- Works
- 5
- Members
- 206
- Popularity
- #107,332
- Rating
- 3.4
- Reviews
- 2
- ISBNs
- 14
Unfortunately, I was, largely, disappointed. Falling into that category of financial reading that seems to best be described as "fear mongering," I found it full of doom and gloom, threatening prognostications, and warnings about the future. I suspect that authors David and Robert Wiedemer, and Cindy Spitzer have made better money of the sale, and subsequent editions of, the book than most readers have from the advice they give.
This isn't to say that there may not be substance to their arguments. Looking at a succession of financial bubbles, including both the dotcom bubble and the more recent housing bubble, they posit that the bubbles have led the Federal Reserve to engage in reckless market manipulation that is going to result in 50% unemployment, a 90% stock market crash, and 100% annual inflation, starting in 2012.
Their advice? Sell your home, cash out your stocks, and convert your assets into gold and inflation pegged securities.
That's a stark transition, and from a set of authors who are perhaps inflating their own expertise in economic prophesy a bit further than their resumes merit.
Meanwhile, we find ourselves in 2014, the economy on the mend, and the catastrophic events predicted by Aftershock as yet unrealized. I suppose that there is still time, and I don't want to give the impression that everything is smelling of roses, but perhaps the take away is that the success of Aftershock is more about marketing for its authors than about economic prediction relevant to readers.… (more)