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 enlarge | Authors: Peter D. Schiff, John Downes
Publisher: Wiley
Category: Book
List Price: $27.95
Buy New: $15.55
You Save: $12.40 (44%)
New (44) Used (13) from $15.44
Avg. Customer Rating:  259 reviews
Sales Rank: 87
Media: Hardcover
Number Of Items: 1
Pages: 288
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6.2 x 1.1
ISBN: 0470043601
Dewey Decimal Number: 332.60973
EAN: 9780470043608
ASIN: 0470043601
Publication Date: February 26, 2007
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: BRAND NEW
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| Customer Reviews:
 Brilliant October 30, 2008
3 out of 4 found this review helpful
One has to remember when reading this that this book was written in 2006. It describes almost prophetically in a clear and engaging argument what is happening in the current world economic crisis. Well written, well researched, thoroughly educational and entertaining to read.
 The Market is More Complex Than Peter Schiff October 27, 2008
12 out of 14 found this review helpful
I read Peter Schiff's book at the height of the dollar drop and thought I'd invest in gold and the currency fund he recommends. Instead, I lost money as the prices for commodities and energy plummeted and the U.S. dollar rallied. Now Europe looks as if it is worse off than the U.S. in terms of bad debt. Schiff argues that the U.S. is a doomed regime propped on worthless currency, but he hasn't thought through the consequences - Europe and Asia have thrived on the same currency he denigrates. When America sneezes, the world gets pneumonia, and it looks like investing in non-U.S. currency and gold is no safe haven. His predictions may come true in the long term (who knows?), but for now I'm taking a wait-and-see attitude in view of the turbulent markets. Anything is possible, no investment is safe, and to boil everything down to bad America - good Europe and Asia is too simplistic. What I've learned from this experience is that no economist is a psychic and Schiff can be as wrong as much as he is right.
 Be cautious on author's recommendations October 27, 2008
9 out of 11 found this review helpful
This book is one of only a handful that predicated the economic crisis we are now in. There is much valuable insight for investors on the factors leading up to this crisis. That is about %80 of the book and deserves 5 stars. But the book should have ended there. The last %20, his suggestions for protecting yourself, are fatally flawed. There is no such thing as "crash proof" portfolio. With globalization, the stock markets and even currencies and gold are too interdependent for his advice to provide any protection. I believe people who take his advice could lose a lot of money.
There are also some other comments that are questionable. For example, putting blame on unions for some of our economic problems when in reality unions have been so weakened since the 1980's they have had no effect, good or bad. Also, he is critcal of consumers for not saving enough yet goes on to approve of replacing social security with private accounts. How much more of a disaster this market meltdown would be if that privatization had taken place!
 Total junk October 18, 2008
5 out of 34 found this review helpful
The biggest piece of junk I've read in a long time. I can't believe this thing has 4.5 stars.
Good Advice But... October 13, 2008
3 out of 4 found this review helpful
I read this very interesting book a couple of months ago and was surprised to see it climbing the charts again. The topic is certainly timely and much needed however...
While I agree with the Lion's share of the advice (and the author is more competent in these matters than I) contained therein, I struggle with accepting his advice in precious metals and foreign markets. As I believe, the foreign markets still reflect the good `ole USA at this time, I just cannot trust them. In addition, gold is too volatile for my needs at the age of 52. Of course, the book speaks loudly about age and options.
Everything else I believed was right on target therefore I give it a 4 star rating. I hope you found this review helpful. Michael L. Gooch, SPHR - Author of Wingtips with Spurs: Cowboy Wisdom for Today's Business Leaders.
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