Financial Theory Prechter has developed a new theory of financial causality that proposes a fundamental separation between the fields of finance and economics. In brief, Prechter accepts that in the economic realm, because producers and consumers are knowledgeable of their own needs and desires, the pricing of utilitarian goods and services is mostly objective and motivated by conscious utility maximization; in this context the balance of desires supply and demand between heterogeneous groups of producers and consumers leads to equilibrium-seeking in prices. But his STF proposes that in the financial realm, because investors are ignorant of what other investors will do, the pricing of investments is mostly subjective and motivated by unconscious herding; in this context, unfettered changes in desire demand within a homogeneous group of investors produce unceasing dynamism in prices at all degrees of activity. Prices of goods and services are important because they regulate supply and demand. But prices of investments are irrelevant because they are merely a transient byproduct of mood-induced impulses to buy and sell.
|Published (Last):||13 August 2011|
|PDF File Size:||1.51 Mb|
|ePub File Size:||19.45 Mb|
|Price:||Free* [*Free Regsitration Required]|
CTC is your guidebook for total preparation—and total safety—during a time of a financial crash and economic depression. Format: eBook Order Now Your practical guide to thriving in a bear market If you have already read Conquer the Crash, then you are no doubt fully prepared. If not, you can decide quickly whether you need it by asking yourself just these questions: Is my bank safe?
What risk does my mortgage hold? Which bonds are a safe investment? Which ones might go to zero? Will gold and silver go up or down in a depression? How can I open accounts in the safest banks in the world? Where can I find the safest money funds? Is my insurance with a weak company?
Do I have a list of all the resources I need to survive a financial crash? Is there a way to make money in a crash while staying safe? Information is valuable. There is no other book in the world like this one. There is no other meticulous explanation of the risks you face.
No other book offers a careful prescription for how you can weather a financial crisis in full safety, without worrying. Do yourself a favor. Get your copy of Conquer the Crash today. You will want to save and mark many parts of this book, and you will want to take some of its recommended actions immediately. How does that sound? Meet Your Author Robert R. Prechter Robert R. Prechter is known for developing a theory of social causality called socionomics and for his career applying and enhancing the Wave Principle, R.
Prechter will go down in history as a legend for having predicted the secular bull market and now having provided a lucid description of the economic cataclysm that unfortunately lies ahead. I urge you to read this book and give it to your loved ones. It provides great tactical advice on how to prepare yourself financially.
Reading this book could make the difference between agony and comfort over the next 20 years.
Your practical guide to thriving in a bear market
CTC is your guidebook for total preparation—and total safety—during a time of a financial crash and economic depression. Format: eBook Order Now Your practical guide to thriving in a bear market If you have already read Conquer the Crash, then you are no doubt fully prepared. If not, you can decide quickly whether you need it by asking yourself just these questions: Is my bank safe? What risk does my mortgage hold?
Biography[ edit ] Prechter attended Yale University and graduated with a B. He became a drummer for his rock band throughout circa early s. But I finally dug around in the New York Public Library and found a catalog card listing a copy of them on microfilm and had photocopies made. I was amazed to find that there was a wealth of information that had been lost to Wall Street. The s had been very bullish years in the gold market but mostly bearish for stocks, yet his Elliott wave analysis called for a long-term reversal lower in gold February   and a long-term "super bull market underway" in stocks October
Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression