{"id":6771,"date":"2010-02-12T15:21:22","date_gmt":"2010-02-12T20:21:22","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6771"},"modified":"2010-02-12T15:21:22","modified_gmt":"2010-02-12T20:21:22","slug":"bob-prechters-conquer-the-crash-eight-chapters-for-free","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/12\/bob-prechters-conquer-the-crash-eight-chapters-for-free\/","title":{"rendered":"Bob Prechter’s “Conquer The Crash”: Eight Chapters For Free"},"content":{"rendered":"

By Nico Isaac<\/strong> – When EWI President Robert Prechter sat down to write the first edition of “Conquer The Crash” <\/em>in 2002, the idea that the United States would enter a period of what news authorities coined “economic Armageddon” several years later was unheard of.<\/p>\n

Flashing back, the major blue-chip averages were rebounding off a historic bottom, the notorious dot.com bust was making way for a powerful housing boom, Fannie Mae\u2019s chief executive was named \u201cthe most confident CEO in America,\u201d then President George Bush was enjoying a 60%-plus approval rating, Gulf War II hadn\u2019t begun yet, and when it did, a \u201cquick and easy victory\u201d was supposed to follow, and the Federal Reserve was largely credited with slaying the big, bad bear via the sharp blade of monetary policy.
\nFive years later, the tables turned. The U.S. housing market endured its worst downturn since the Great Depression; Fannie Mae\u2019s CEO was ousted amidst a mortgage crisis of incalculable damage. George W. Bush left the oval office with a record low approval rating of 25%, and the expected \u201ccakewalk\u201d victory in Iraq became a \u201cquagmire\u201d and national dilemma.<\/p>\n

Anticipating these and other \u201cshocks\u201d to the global system is the unparalleled achievement of \u201cConquer The Crash.\u201d<\/em> Here, the following excerpts from the book put any doubt to rest:<\/p>\n

Housing: <\/strong>\u201cWhat screams bubble \u2013 giant historic bubble \u2013 in real estate is the system-wide extension of massive amount of credit.\u201d <\/em>And \u201cHome equity loans are brewing a terrible disaster.\u201d <\/em><\/p>\n

Bonds: <\/strong>\u201cThe unprecedented mass of vulnerable bonds extant today is on the verge of a waterfall of downgrading.\u201d <\/em><\/p>\n

Fannie Mae & Freddie Mac: <\/strong>\u201cInvestors in these companies\u2019 stocks and bonds will be just as surprised when the stock prices and bond ratings collapse.\u201d<\/em><\/p>\n

Politics: <\/strong>\u201cLook for nations and states to split and shrink.\u201d And — \u201cThe Middle East should be a complete disaster.\u201d <\/em><\/p>\n

Credit Expansion Schemes <\/strong>\u201chave always ended in a bust.\u201d <\/em>And — \u201cLike the discomfort of drug addiction withdrawal, the discomfort of credit addiction withdrawal cannot be avoided.\u201d <\/em><\/p>\n

Banks: <\/strong>\u201cBanks are not just lent to the hilt, they\u2019re past it. In a fearful market, liquidity even on these so called \u2018securities\u2019 [corporate, municipal, and mortgage-backed bonds] will dry up.\u201d <\/em>(176)<\/p><\/blockquote>\n

If the tools in Bob Prechter\u2019s analytical toolbox, namely Elliott wave analysis and socionomics (Prechter’s new science of social prediction based on the Wave Principle), enabled him to foresee these \u201csea changes\u201d in the economic, social, and political landscape — the only question is: What else do the pages of the \u201cConquer The Crash\u201d <\/em>reveal?
\nWell, your opportunity to find out just got a whole lot easier. Right now, you can download the 8-chapter Conquer the Crash Collection<\/a><\/span><\/strong>, free. It includes:<\/p>\n

Chapter 10: Money, Credit And The Federal Reserve Banking System<\/strong>
\nChapter 13: Can The Fed Stop Deflation?<\/strong> <\/strong>
\nChapter 23: What To do With Your Pension Plan<\/strong> <\/strong>
\nChapter 28: How To Identify A Safe Haven<\/strong> <\/strong>
\nChapter 29: Calling In Loans & Paying Off Debt<\/strong> <\/strong>
\nChapter 30: What You Should Do If You Run A Business<\/strong> <\/strong>
\nChapter 32: Should You Rely On The Government To Protect You?<\/strong> <\/strong>
\nChapter 33: Short List of Imperative ‘Do’s’ & ‘Don’ts”<\/strong><\/p><\/blockquote>\n

Visit Elliott Wave International<\/a><\/span><\/strong> to learn more about the free Conquer the Crash Collection.<\/p>\n

Nico Isaac<\/strong> writes for Elliott Wave International, a market forecasting and technical analysis firm.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Nico Isaac – When EWI President Robert Prechter sat down to write the first edition of “Conquer The Crash” in 2002, the idea that the United States would enter a period of what news authorities coined “economic Armageddon” several years later was unheard of. Flashing back, the major blue-chip averages were rebounding off a … <\/p>\n

Continue reading “Bob Prechter’s “Conquer The Crash”: Eight Chapters For Free”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6771","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=6771"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6771\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=6771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=6771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=6771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}