By Warren Brussee
This book takes a close look at today's economy and offers a bleak prediction for its future. However, those positioned to handle dramatic shifts in consumer spending, the mortgage industry, and the stock market are at a great advantage.
Author Warren Brussee offers insight into the coming economic situation and provides steps to prepare for it. For example, he recommends that savings be in Treasury Inflation Protected Securities until the stock market drops 73% from its 2004 level. Methods of determining when the stock market is again a good buy are defined, and different investment options are evaluated. Even during a depression, people will need to save for their future, and Brussee provides detailed charts that show retirement savings requirements.
In 2004, Warren Brussee wrote, "Come 2008, the number of people giving up on making house payments will skyrocket . . . banks will be forced to foreclose on homes and sell them, causing a glut of homes on the market and a deflation of home values. . . . You will be able to get a great deal on a used SUV, especially a Hummer!"
These are just some of the author's gloomy, but accurate predictions that have come to be part of today's economic reality. But, says Brussee, the worst is yet to come: the problems are so severe that it will take until 2013 before the economy bottoms out and begins to grow. In the meantime, the stock market will drop dramatically, unemployment will be over 15%, and our country will be humbled as it is forced to adapt to a far lower and simpler standard of living. In The Great Depression of Debt, Brussee offers a detailed economic analysis of the difficult years ahead, telling what to expect and how to survive the next great depression.
The author clearly lays out the circumstances that have led to this situationÌÎÌ_ÌÎ_ÌÎÌ__ÌÎÌ_ÌÎ__ÌÎÌ_ÌÎ_ÌÎÌ__ÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´the craziness in the nineties' stock market that encouraged people to stop saving and start speculating, consumers who began spending more than they could afford, as well as other factorsÌÎÌ_ÌÎ_ÌÎÌ__ÌÎÌ_ÌÎ__ÌÎÌ_ÌÎ_ÌÎÌ__ÌÎÌ_ÌÎ_ÌÎÌ_ÌÎå´and outlines the similarities between current times and the years just prior to the First Great Depression. Brussee explains in detail what individuals must do to get through it: keep a job, limit debts and return to saving, and stay away from the stock market until it hits bottom. The author also reveals how the country will emerge from its economic troubles, telling how effective job creation in alternative energy, electric cars, and the required infrastructure will be key, along with training for related skills.
The twenty-first-century Great Depression has al-ready begun. It is a harsh reality we all must face. But this book will show you how to survive these turbulent times and profit in its aftermath.
NOTE: Purchasing "The Great Depression of Debt" from WND's online store also qualifies you to receive three FREE issues of WND's acclaimed monthly print magazine, Whistleblower. Watch for the FREE offer during checkout.
- Hardcover: 322 pages
- Publisher: Wiley (December 15, 2008)
- Language: English
- ISBN-10: 0470423714
- ISBN-13: 978-0470423714