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From desperate interest rate cuts and chaos in global financial markets to the sub-prime mortgage crisis and a fast-crumbling tower of public and private debt, Wall Street insider Michael J. Panzner exposes the cracks in the dike, the looming economic threats, and the vast array of promises and obligations that will ultimately go unfulfilled.
How did we get to this place, and how can we protect ourselves from the fallout?
This revised and updated edition features a new introduction by the author on the predictions that have come to pass since the book was first published. It also provides a financial bomb shelter for every American by identifying the most pressing risks we face today as well as what we can do to survive the crisis:
Everyone must learn of the disaster-in-the-making so they can protect themselves, their families, and their economic well-being—before it's too late. Financial Armageddon is today’s call to action.
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When the stock market bubble burst in 2000, the collapse that followed wiped out over two-thirds of the value of the Nasdaq Index and decimated the hopes and dreams of millions of Americans.
Now, imagine not one, but four such disasters looming on the horizon, all poised to erupt in a massive economic firestorm that will wreak widespread havoc in the months and years to come.
In Financial Armageddon, Wall Street insider Michael J. Panzner identifies the most pressing financial risks we face today: First, a burgeoning tower of public and private debt wobbling precariously on a foundation of excess and fraud; second, a multi-trillion-dollar house of cards to which all Americans are exposed but few understand; third, a vast array of largely hidden government promises that will ultimately go unkept; and fourth, a retirement mirage that will leave millions enslaved to the workplace until the day they die.
Panzner details the devastating impact that each phase of the coming calamity will have on the lives of every American, and shows readers how to recognize, guard against, and overcome myriad threats to their wealth and personal finances. Learn:
-How an unraveling economy will affect earnings, prices, and interest rates
-When to sell, what to buy, and where to invest as the crisis unfolds
-What to watch out for in relationships with friends, employers, and others
-The social, political, and geopolitical fallout from widespread financial upheaval
Financial Armageddon offers practical advice to weather the storm, simple steps to plan ahead, and a plan to survive if the unraveling hits before you're prepared. With time running out, every American must learn of the disaster-in-the-making so they can protect themselves, their families, and their economic well-being--before it's too late.About the Author:
Michael J. Panzner is a 25-year veteran of the global financial markets who has worked in New York and London for HSBC, Soros Funds, ABN Amro, Dresdner Bank, and J.P. Morgan Chase. He is a New York Institute of Finance faculty member. He is the author of The New Laws of the Stock Market Jungle: An Insider's Guide to Successful Investing in a Changing World, and a regular contributor to prudentbear.com, financialsense.com, and safehaven.com. Visit Panzner at www.financialarmageddon.com.
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Book Description Kaplan Publishing, 2008. Condition: New. book. Seller Inventory # M1427797412
Book Description Kaplan Publishing, 2008. Condition: New. book. Seller Inventory # MB005Q5XZUG
Book Description Kaplan Publishing, 2008. Paperback. Condition: New. Never used!. Seller Inventory # P111427797412
Book Description Kaplan Publishing. PAPERBACK. Condition: New. 1427797412 New Condition. Seller Inventory # NEW7.0599707