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Synopsis
Argues that the world faces a huge economic collapse, argues that the financial markets are in grave peril, and advises what steps to take
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From Library Journal
Here's another gloom-and-doom book--along the lines of Ravi Batra's The Great Depression of 1990 ( LJ 6/15/87) and James Dale Davidson's Blood in the Streets ( LJ 5/1/87)--that predicts a repeat market crash. Wood, financial correspondent for The Economist , says that the voluminous debt incurred by individuals, corporations, and the nation soon will cause an economic downturn. Wood says policy makers only seem to respond to economic problems during times of inflation, when the real time to worry is during a deflationary spiral. In lay language, the author outlines his forecasts and advice in the context of the globalized financial and securities markets. Recommended for academic and public libraries, as well as for serious investors.
- M. Balachandran, Univ. of Illinois Lib., Urbana-Champaign
Copyright 1989 Reed Business Information, Inc.
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- PublisherAtheneum
- Publication date1989
- ISBN 10 0689120702
- ISBN 13 9780689120701
- BindingHardcover
- LanguageEnglish
- Edition number1
- Number of pages197
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