Anatomy of the Meltdown 1998-2008 : The Worst Decade in Stock Investing, or Was It? (Paperback)

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Product Overview

The 2008 Stock Market Meltdown was the worse since 1931. The decade justended was the worst on record. However, I had memories of good and badtimes. This "Worst Decade" short cut needed a bit of perspective.These were volatile years, up 400%, down 50%, up 200%, down 50%.We were witnessing the death of Money Creation. We could not tell how thefinancial and economic systems would emerge. Fortunately, Federal ReserveChairman Ben Bernanke had a plan B, outlined in November 2002 [edited]:"Some observers have concluded that when the central bank's policy ratefalls to zero, monetary policy loses its ability to stimulate aggregatedemand. In my view, this conclusion is clearly mistaken."The other hope was statistical. The six previous worse decades for Stockssince 1826 had all been followed by positive decades, with an averagecompound real annual return of 11% - except for 1938-1948.Knowledge is what is left when memories are gone. I have tried to revive thememories of these times.

Specifications

Publisher Createspace Independent Pub
Mfg Part# 9781439241059
SKU 212315510
Format Paperback
ISBN10 1439241058
Release Date 8/13/2012
Product Attributes
Book Format Paperback
Number of Pages 0222
Publisher Booksurge Publishing
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