To those whom feel bamboozled, depressed, and downright confused after the events of the last few years.The financial crisis,stock-market collapse, excessive rate cuts,easy credit ,ignoring asset prices growth resulted excessive liquidity wealth gain, bubble burst causing current US mortgage,The credit crisis is spreading throughout the world.The price for oil,food ,etc.gone up.Not to mention our planet crises like global warming,war,pollution....etc.In short,A lot of problems.
Updated:The Global credit crunch ..
Are you live in your virtual word of "make money online" and forget about the outside world? I am talking about the real world problems, that not include the "virtual world"problems--The Internet scam.,the crap secret seller.
You probably aware (later or sooner)It's 10 times harder then Internet marketer told you on how easy to earning money online.Do you feel depressed/under pleasure ?
What should you do?How can we get rid of it? By what?
The answer is by knowledge.(That what I think.)At lease I feel better after I learned.
Recommending "Money for Nothing"by Roger Bootle.(The Author of Death of Inflation: Surviving and Thriving in the Zero Era,Property in business - a waste of space?: and Index-linked Gilts .)
The knowledge that worth for million.
Money for Nothing. published in 2003.
Talk about:Real Wealth, Financial Fantasies and the Economy of the Future.
The content divide in to :
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PROLOGUE
The Crisis Point
Part I
Clear and Present Dangers
Part II
The Wellsprings of Real Wealth
Part III
The Economy of the Future
Finale
Skirting Catastrophe
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Here are some great points by Roger :
"At the heart of the economic part of this crisis is the contrast between real
and illusory wealth, a contrast that derives its resonance from something
thoroughly human: the interaction between hope, greed, and delusion."
"explaining how we have come to this pretty pass, what pitfalls lie ahead, how to avoid them,
and, most importantly, what the economy of the future will be like."
"the lessons of history about the sources of real growth, and the
tantalizing economic prospects for the future. Some critics will doubtless
say that this scope is too broad; but I feel that I must cover such a span,
since these apparently disparate matters are closely inter-related."
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Roger has a long and distinguished record of successful forecasting of major events and market movements, often in contrast to the prevailing orthodoxy of the time, including:
- Forecasting the collapse of the dot com boom. Thats bommmmmmmm!!!
- Forecasting UK would be forced out of the ERM in 1992 and, in contrast to the official Treasury line and the views of most forecasters, predicting that inflation and interest rates would fall.
- Forecasting that rising inflation would prompt UK interest rates to be raised to 15% in 1989.
- Realizing that during the “hard monetarist” phase in 1979-81, inflation was going to fall sharply despite the fact the broad money supply was growing rapidly.
- And most famously, predicting as early as October 1990, that the financial climate in Europe and North America would be transformed by sustained low inflation – and maintaining this view even though many people in the market dismissed “The Death of Inflation” as a joke.
