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this book is very technical and difficult to listen to. The ideas and the reasoning is ok, but everything is based on analysis of past events and the assumption that booms and busts will happen under the same circumstances, and in the same way as they did 200 years ago. The author claims that booms and busts can be predicted and will happen acording to a specified timeplan, almost like the movement of the stars. The weakest point in this book is that it doesn?t consider other factors such as international trade, trends, public opinion, war, terrorism etc. Maybe he?s right and these factors will have no notable influence on the global economic situation. We wil know in year 2012.
8 of 8 people found this review helpful
I was hoping for some insight, but if you listened to the first 2 or 3 minutes you pretty much get the jist of the book. The book makes the comparison between the the stock market crash of 1918-1921 to the crash of 2000-2002. It then says that like the 1922-1929 boom there will be another boom from 2005 to 2008 after which there will be a major crash. The book then goes on to repeat this message another 50 times. I was pretty much sick of this book after an hour and a half. If this boom-bust cycle had happened a bit more often in the past I might be inclined to believe the trend, however drawing the conclusions that he does from only one example in the past makes a very weak case for a coming boom...where suppossedly the DOW will hit 40,000 in the next 4-5 years.
15 of 17 people found this review helpful