The Little Book of Bull Moves in Bear Markets E-Book

Peter D. Schiff

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: Little Books. Big Profits
• Sprache: Englisch

Seitenzahl: 286

Veröffentlichungsjahr: 2008

Beschreibung

Written by seasoned Wall Street prognosticator Peter Schiff-author of the bestselling book Crash Proof: How to Profit from the Coming Economic Collapse-The Little Book of Bull Moves in Bear Markets reveals how you should protect your assets and invest your money when the American economy is experiencing perilous economic downturns and wealth building is happening elsewhere. Filled with insightful commentary, inventive metaphors, and prescriptive advice, this book shows you how to make money under adverse market conditions by using a conservative, nontraditional investment strategy.

Leseprobe

Table of Contents

Praise

Little Book Big Profits Series

Title Page

Copyright Page

Dedication

Disclosure

Foreword

Author’s Note

What Do We Mean by Bull and Bear Markets?

Some Historical Perspective

Introduction

Chapter One

The Healthy 1950s

The Coming Economic Collapse

Doctor Doom

The Real Estate Bubble Bursts

A Hair of the Dog: Paulson and Bernanke to the Rescue

The Outlook

Chapter Two

A Little Background

Understanding Inflation

Price versus Systemic Inflation

Exported Inflation

The Bretton Woods Agreements of 1944

The Dollar’s Reserve Currency Status

The Significance of Decoupling

Chapter Three

Usual Suspect 1: Uncle Sam

Misrepresenting Inflation

The GDP

Productivity

Unemployment

Usual Suspect 2: Wall Street

Usual Suspect 3: Industry Groups

Chapter Four

The Current United States Stock Market

Historical Parallels

The 1930s

The 1970s

Chapter Five

By Way of Background

Forces of Nature

So What Commodities Are We Talking About and What Are the Ways to Play Them?

Ways to Own Futures Contracts

Investing

Chapter Six

Digging for Gold

A Silver Lining

The Six Ways to Play Gold and Silver

Chapter Seven

Steering Clear of the Garden of Worms

Fact or Fiction?

Investing in Foreign Economies

The Better Option

Beware of Pink Sheets

How, Then, Do You Go About Selecting a Broker Who Will Execute Your Foreign ...

Chapter Eight

Desirable Industrial Sectors

Some Favorite Nations

Chapter Nine

An Impressive Track Record

How Do I Ride This Emerging Bull?

Chapter Ten

Service without a Smile

Rebuilding the United States

Major Decisions

Chapter Eleven

The Cause . . .

. . . And the Effect

Start Saving Now—But Not in Dollars

Get Rid of Debt—Especially Variable-Rate Debt

Stockpile Goods

Get Good at Fixing Things

Chapter Twelve

How Can You Decide If You Will Need a Haven?

Where Should You Go?

Other Factors to Consider

If You Stay Home

Chapter Thirteen

The Box the Federal Reserve Is In

Why We Should Take a Solutions Approach to the Crisis and Look at Some Things Differently

Thoughts on the Upcoming Presidential Election and How It Might Affect Our Economy

Tunnels and Lights

Why Lower Living Standards Will Hurt More This Time

The Positive Side of Demand Destruction

More Praise forThe Little Book of Bull Moves in Bear Markets

“I don’t always agree with Peter, but I always listen to what he has to say. Anyone who has a track record as good as his in predicting future pricing of commodities and equity markets cannot be ignored. We always look for ways to stay ahead of the market. This little book, written by someone whose prognostications have proven prescient, should be a part of formulating your strategy for the future.”

David Asman, Fox Business and Fox News anchor and host, and former op-ed editor of the Wall Street Journal

“One of Wall Street’s great straight shooters, Peter Schiff is a reliable source of unvarnished economic reality who has the common sense to yell “fire” when everyone else quibbles over the definition of “smoke.”

Paul Tharp, Financial Writer, the New York Post

Little Book Big Profits Series

In the Little Book Big Profits series, the brightest icons in the financial world write on topics that range from tried-and-true investment strategies to tomorrow’s new trends. Each book offers a unique perspective on investing, allowing the reader to pick and choose from the very best in investment advice today.

Books in the Little Book Big Profits series include:

The Little Book That Beats the Market, where Joel Greenblatt, founder and managing partner at Gotham Capital, reveals a “magic formula” that is easy to use and makes buying good companies at bargain prices automatic, enabling you to successfully beat the market and professional managers by a wide margin.

The Little Book of Value Investing, where Christopher Browne, managing director of Tweedy, Browne Company, LLC, the oldest value investing firm on Wall Street, simply and succinctly explains how value investing, one of the most effective investment strategies ever created, works, and shows you how it can be applied globally.

The Little Book of Common Sense Investing, where Vanguard Group Founder John C. Bogle shares his own time-tested philosophies, lessons, and personal anecdotes to explain why outperforming the market is an investor illusion, and how the simplest of investment strategies can deliver the greatest return to the greatest number of investors.

The Little Book That Makes You Rich, where Louis Navellier, financial analyst and editor of investment newsletters since 1980, offers readers a fundamental understanding of how to get rich using the best in growth investing strategies. Filled with in-depth insights and practical advice, The Little Book That Makes You Rich outlines an effective approach to building true wealth in today’s markets.

The Little Book That Builds Wealth, where Pat Dorsey, director of stock analysis for leading independent investment research provider Morningstar, Inc., guides the reader in understanding “economic moats,” learning how to measure them against one another, and selecting the best companies for the very best returns.

The Little Book That Saves Your Assets, where David Darst, a managing director of Morgan Stanley who chairs the firm’s Global Wealth Management Asset Allocation and Investment Policy Committee, explains the role of asset allocation in maximizing investment returns to meet life objectives. Brimming with the wisdom gained from years of practical experience, this book is a vital road map to a secure financial future.

The Little Book of Bull Moves in Bear Markets, where Peter D. Schiff, President of Euro Pacific Capital, Inc., looks at historical down-turns in the financial markets to analyze what investment strategies succeeded and shows how to implement various bull moves so that readers can preserve, and even enhance, their wealth within a prosperous or an ailing economy.

Copyright © 2008 by Peter D. Schiff and Lynn Sonberg Book Associates. All rights reserved.

Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada.

No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, [phone], fax [phone], or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken,

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Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives or written sales materials. The advice and strategies contained herein may not be suitable for your situation. You should consult with a professional where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

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Library of Congress Cataloging-in-Publication Data:

Schiff, Peter D., 1963- The little book of bull moves in bear markets : how to keep your portfolio up when the market is down/Peter D. Schiff. p. cm.—(Little book big profits series)

eISBN : 978-0-470-45051-2

1. Investments. 2. Bear markets. I. Title. HG4521.S35134 2009 332.6-dc22 2008032169

To my brother Andrew Schiff, whose help has beeninstrumental in getting my message out, more recently asa valuable member of the Euro Pacific team, and to ourparents, Irwin and Ellen Schiff, who, though divorced earlyon in our lives, nevertheless managed to maintain a senseof family that ultimately allowed this business relationshipto flourish. I also want to especially thank my father, for hisknowledge and passion, and for the personal sacrifice thathe has made for his country. I hope that his grandchildren,including my son Spencer, my niece Eliza, and my nephewEthan, will one day benefit from his courage.

Disclosure

DATA FROM VARIOUS sources was used in the preparation of this book. The information is believed to be reliable, accurate, and appropriate, but it is not guaranteed in any way. The forecasts and strategies contained herein are statements of opinion, and therefore may prove to be inaccurate. They are in fact the author’s own opinions, and payment was not received in any form that influenced his opinions. Peter Schiff and the employees of Euro Pacific Capital implement many of the strategies described. This book contains the names of some companies used as examples of the strategies described, as well as a mutual fund that can be sold only by prospectus; but none can be deemed recommendations to the book’s readers. These strategies will be inappropriate for some investors, and we urge you to speak with a financial professional and carefully review any pertinent disclosures before implementing any investment strategy.

In addition to being the president, Peter Schiff is also a registered representative and owner of Euro Pacific Capital, Inc. Euro Pacific is a National Association of Securities Dealers (NASD)-registered broker-dealer and a member of the Securities Investor Protection Corporation (SIPC). This book has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation to buy or sell, any security or instrument, or to participate in any particular trading strategy. Investment strategies described in this book may ultimately lose value even if the opinions and forecasts presented prove to be accurate. All investments involve varying amounts of risk, and their values will fluctuate. Investments may increase or decrease in value, and investors may lose money.

Foreword

ONCE IN A GREAT while, the world undergoes big changes. The great discovery voyages at the end of the fifteenth century led to a huge enlargement of the world’s economic sphere. Venice—master of the previously important Mediterranean trade routes, and the world’s richest and most powerful city—was thrown into a corner of the world, as Voltaire later observed.

The breakdown of the socialist/communist ideology at the end of the twentieth century and the end of policies of self-reliance and isolation on the Indian subcontinent were other big changes. Suddenly, three billion ambitious and motivated people joined the world’s free market economy and the capitalistic system. These new citizens of the global economy are striving mightily to raise themselves to the level of affluence they see in their Western counterparts. Simply put, the free world has been joined by more than three billion people who have a similar frame of mind as the American pioneers of the nineteenth century.