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Written by Bert Dohmen, publisher of the award-winning Wellington Letter and Smarte Trader Letter. Bert Dohmen is an analyst with an astounding forecasting record on the major investment markets and the economy over the last 30 years. He has called almost every significant stock market turn within one or two days of the turn. He has declared bear markets and recessions when very few others even considered them, but he turned out to be right each time, including market years of 1977, 1980, 1987 crash, 1994, and 2000-2002. The global markets are in turmoil, financial firms are teetering, the dollar is sliding, the Federal Reserve is far behind the markets and don t know what to do. A recession may have started, and Washington has prepared a ridiculous stimulus program. What can an investor do? The just released book, PRELUDE TO MELTDOWN from Bert Dohmen gives many of the answers. Bert Dohmen predicted today s events perfectly and here is the book that explains how world markets got into the severest credit crisis to date. Not since, The crucial question of whether the central banks can successfully rescue the global financial system is one important question analyzed in the book, even as one financial crisis after another surfaces almost weekly. PRELUDE TO MELTDOWN reviews the developing credit crisis, going back to January 2007, presenting the anatomy which threatens a meltdown of the global financial system, if not handled properly. Even now as the housing sector is going from a deep recession into depression, Bert believes this could take as long as 10 years to work through. This is not a guess, but based on actual historic analysis. The U.S. housing boom was triggered by a 1% Fed interest rate, just like the incredible 1980 s boom in Japan. At the top of the Japanese boom in 1990, Bert Dohmen predicted Japan to plunge into a 10 year recession. Well, it actually turned out to be several years longer. No one else predicted this. From the greatest real estate bubble in 100 years in the U.S., you must expect an equal extreme to the other side. It will take a 1% Fed Funds interest rate to allow housing to at least bottom. Bert predicts, quite possibly, this will not even produce immediate recovery. Bert declared in mid-July of 2007, just when the Dow Jones Industrials made a new, all-time high of 14,000, that a bear market was starting and that the new high was a trap. He was right, as the first phase of the credit crisis commenced immediately thereafter, and the markets plunged into August. What does he say now? PRELUDE TO MELTDOWN chronologically lays it all out. His WELLINGTON LETTER of April 3, 2007 was headlined: THE MAKINGS OF A PERFECT FINANCIAL STORM. The markets recover into October 2007, when once again Bert Dohmen called the top within two days. His WELLINGTON LETTER of Oct. 15, 2007 was headlined: TOP OF THE RALLY! Thereafter, the markets tumbled. Wall Street analysts, economists, Federal Reserve officials, and others with vested interest, have been telling Americans since early 2007 that the subprime mortgage problem is too small to infect other areas of our financial system. During the same period, Bert Dohmen warned as early as December 2006 that the year 2007 would see the start of a bear market, a recession, and a financial crisis, all caused by the overleveraged speculation in financial instruments developed by Wall Street. PRELUDE TO MELTDOWN explores the questions for investors and individuals such as how will these severe problems affect the well being of average Americans, how will this monolith economic disaster be resolved, will Washington find solutions before there is a meltdown, and most timely to the future, how can investors protect themselves?
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BERT DOHMEN Biography He is founder of the DOHMEN CAPITAL RESEARCH group, which provides sophisticated investment analysis and advice for traders and investors, world-wide. The firm s best known service, Bert Dohmen s WELLINGTON LETTER, has received numerous awards of distinction, and is now in it s 30th year. He has frequently been a guest on CNBC, CNN, Neil Cavuto on FOX Network, and Louis Rukeyser s WALL STREET WEEK. His views and analysis have been featured in the Wall Street Journal, Barron s, Business Week, Forbes, Money Magazine, Investor s Business Daily, and many other publications. Bert Dohmen is best known for his contrarian views on the markets, the economy, and Federal Reserve policy. He has been called a leading Fed watcher by the Wall Street Journal. His forecasts are sometimes shocking, but correct. He has correctly predicted recessions when the Fed Chairman testified that there is no recession in sight. A Sampling of his Contrarian track record which have made him: In early 2007, he forecasted the subprime mortgage disaster, a very important market top in the summer, and then a plunge and potential credit market freeze-up. It happened! In 1978 he predicted that U.S. T-bonds would decline 44%-50% in price, a view which was ridiculed by Wall Street. But it happened! In 1979 he predicted that the prime rate would rise above 20%, while most economists declared anything above 12 ¾% was not possible. The prime rate hit 20% in 1980. In 1981 he predicted a 20 year period of disinflation in the U.S., to be followed by the next cyclical rise in inflation. Gold, the best indicator of future inflation, made its 20 year bottom in 2001, exactly 20 years later. Gold has tripled in price since that time. In September 1987 he wrote that the Fed s policy would lead to a market crash, which occurred the following month. More recently, he predicted the bear market of 2000-2002, warning in March of 2000 that the Fed would cause another market crash. In October 2002, one day after the bottom, he advised to go bargain hunting. The headline of his WELLINGTON LETTER was: Reflation Brings Great Opportunities. Bert says he relies on his analysis of Fed policy for the long term scenario, and on technical analysis for precise timing. Bert Dohmen has been a featured keynote speaker and many of the largest investment conferences. He holds a Bachelor of Science degree in chemistry, and attended the Graduate School of BusinessReview:
Bert Dohmen s WELLINGTON LETTER...is the most thoroughly researched and best-written investment newsletter that I receive. --Neil Cavuto, Fox News Network
Bert Dohmen is a pro... --Gene Marcial, columnist BusinessWeek Magazine
Prelude to Meltdown is masterfully written by Bert Dohmen, who predicted the crisis months in advance to clients of his award-winning Wellington Letter. It reveals how the greatest credit crisis in history developed and the alarming, future repercussions we face. --Patricia HansenIndependent Financial Reviews
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Book Description Dohmen Capital Holdings, Inc., 2008. Perfect Paperback. Condition: New. New never used. Cover has minor shelf rubbings. Your Satisfaction Guaranteed. We ship daily. Expedited shipping available. Seller Inventory # C4E170602015
Book Description Dohmen Capital Holdings, Inc., 2008. Perfect Paperback. Condition: New. book. Seller Inventory # M0615196594
Book Description Dohmen Capital Holdings, Inc., 2008. Perfect Paperback. Condition: New. Never used!. Seller Inventory # P110615196594