Contagion: The Financial Epidemic That is Sweeping the Global Economy... and How to Protect Yourself from It

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Tough times are ahead and Talbott argues that the coming recession will be on a global scale, affecting economies across the world. We have had no real growth in GDP for the last ten years if purchases with government and personal debt are excluded. In effect, government borrowing and spending on the war and healthcare and Social Security and corporate give-aways combined with dramatic increases in personal spending funded by credit card and mortgage debt have funded unsustainable levels of personal and government consumption. The world's banks are threatened with insolvency due to bad mortgage loans and will not be making new loans for any purposes for a very long time. Consumption, by definition, has to decline. Our financial markets worldwide are in chaos with the inability of any financial house or big hedge fund going bankrupt without pulling down the whole $400 trillion derivatives market and the global financial markets at the same time. With this as a backdrop, Talbott offers practical suggestions as to how homeowners and investors can best weather the coming storm with specific advice on where to invest by type of investment and geographic location. Stocks, bonds, TIPS, commodities, real estate, housing and currencies will all be examined.

Customer Reviews:

  • Riveting analysis
    Mr Talbott analyzes the current economic situation with stomach churning logic. Incredibly enough, our elected officials and corporate leaders have led us down a path that has devastated our country. Mr Talbott covers every aspect of how each segment of our economic and political system has focused on short term greed as their focus. He offers solutions that potentially can change things around but will take the participation of every citizen to make a difference....more info
  • Contagion of Chaos
    I had never read any of John Talbott's books before but was more than interested as he was dead on with his previous books, "The Coming Crash" in 2003 and "Sell Now: The End of the Housing Bubble" in 2006. He finished this book in the fall of 2008 but everything he has written about has happened so far in the last three months of 2008 and the first two months of 2009.
    His accuracy is frightening because he paints such a gloomy picture of the next few years in America. He blames lobbyists and the government for much of the disaster but he also puts blame on every other Usual Suspect that has helped bring down the United States and global economies. This is a must-read book that is scary but necessary to read. I would hope that our congressmen, President, and every other person in America has a chance to read this. But I doubt if he will be taken as seriously as needed because of his book, "Obamanomics."
    I hope he isn't completely accurate but I believe that he will be. And if he is, the next few years will be titled, "Contagion of Chaos."...more info
  • incredibly interesting
    this book is incredibly interesting and a great education for the lay person that is not an economist or finance person. the crisis we are in now will go down in the history books and Contagion gives you a better understanding of where we are, how we got here and what the outcome might be......more info
  • Changed My Life
    The book Contagion has changed my life and views of the coming deep recession or light depression. A definitely must read!...more info
  • Education was priceless, regardless of the prediction outcome
    I am not quite finished reading Contagion. I've learned so much from this book. Everything makes sense, and the author thoroughly supports his predictions. I've never been political or financial, but the book is written in a way that all readers can understand it. I can't wait to share the book with friends and family. I never realized the level of corruption that we face today. I highly recommend this book!...more info
  • Another Outstanding Work
    I will only say that this is another excellent analysis with predictions by the man who called the housing bubble long before it had anyone else's attention. It's flawed only by the publisher's failure to catch a number of errors in grammar that sometimes make the text confusing. That's not the author's fault. ...more info
  • Brilliantly Written/Researched, A Must-Read Book
    Contagion is a must-read book for anyone who wants to have a clear understanding of the ongoing economic and financial crisis. John Talbott's logic is direct, simple, and easy to understand, and he bears down on the fundamental cause of the current economic and financial turmoil: the downturn of housing prices in the United States. Taking technical terms and figures which are often very complicated and difficult to understand in the world of real estate and finance, Talbott makes it all easy to understand and comprehend, and his resulting conclusions on the prospects for the United States real estate market are persuasive and compelling. The directness and conciseness of his thinking is probably the reason why he has been so accurate over the past few years. As such, the concepts underlying his new book are brilliant as he narrows his thinking and pinpoints some of the most difficult problems the United States currently faces.

    Talbott concludes that the United States is in for very difficult times ahead. The real estate downturn still has a long way to go, and the ensuing future government bailouts will only further mire the country in greater amounts of debt and liabilities. A rapidly aging society, with the first baby boomers now reaching retirement age, will make the next few years, if not decades, the most challenging ever faced by the United States.

    Talbott's book focuses on some of the key and most pressing problems currently facing the United States. Even if you do not agree with him, his logic and thinking will help further advance thinking and debate not only on the potential solutions to the nation's current economic and financial problems, but also on the myriad social and political challenges facing the country today.

    As such, this book is a must-read and highly recommended for anyone who has an interest in the future direction of the United States....more info


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