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By: John Waggoner
John Waggoner, USA Today investment columnist, answers the essential questions surrounding recent market catastrophes—from the failure of Bear Stearns to the credit crisis—and reveals how you can protect your portfolio during these turbulent times. Waggoner offers a wide range of strategies to help your portfolio weather this storm, including rebalancing and using foreign currencies, and discusses how Treasury bonds, gold, commodities, and real estate can solidify your financial standing. With the expert advice found here, you’ll quickly discover what it takes to achieve safety and success in today’s volatile market.
In March of 2008 the unprecedented collapse of Bear Stearns took the world by surprise. Out of nowhere Bear Stearn’s business partners left for other firms causing the firm to collapse. Lenders refused to lend, clients refused to trade, and Bear ran out of money. It was essentially a bank run. “Bailout” describes how the Federal Reserve took action to save Bear Stearns and also describes recent government rescue of Fannie Mae and Freddie Mac. This bailout trend has heavy implications.
From commentary on these government rescues to discussions on the downward spiral of housing and mortgage markets,Waggoner helps the reader understand the essentials for survival in the current economy.
Waggoner gives practical advice on where to place your investments, and shows how you can protect your investments from any future corperate disasters. Bailout will guide you through the current economic crisis and ensure that you are prepared when the market recedes.
Hardcover: 196 pages Publisher: Wiley; illustrated edition edition (September 9, 2008) Language: English ISBN-10: 0470401257 ISBN-13: 978-0470401255