Description
Panzner ("a 25-year veteran of the global stock, bond, and currency markets") warns that Americans face a devastating economic cataclysm that comes out of the fourfold threat of towering public and private debt, a collapsing retirement system, a vulnerable financial system, and the destabilizing effects of derivatives. He describes each of these threats in laymen's language and speculates on the likely economic, financial, social, and geopolitical fallout, finally concluding with advice on defenses, including planning, investments, relationships, and lifestyles. Annotation ©2007 Book News, Inc., Portland, OR (booknews.com)
Read More
According to Michael Panzner, the US is less than two years away from ""financial Armageddon."" When the stock market bubble burst in March 2000, the collapse that followed wiped out over two-thirds of the value of the technology-laden Nasdaq Index and decimated the hopes and dreams of millions of Americans. Now, imagine not one, but four such disasters looming on the horizon. Four key elements--Debt, Derivatives, Government Guarantees, and the Retirement system--are quickly unraveling, and because they are so intricately connected, there will be an unremitting domino effect. With time running out, this is a disaster-in-the-making on which every American must be informed so they can protect themselves, their families, and their economic well-being before it's too late.
Read Less