Economists David and Robert Wiedemer, the authors who predicted the bursting of the real estate, stock, and private debt bubbles that led to the Great Recession of 2008 and 2009, are back to provide the definitive analysis of what is ahead for the US and global economy in 2012 and beyond, with a thoroughly updated second edition of Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown (Wiley, 2011).
The second edition of the Wall Street Journal bestseller Aftershock (Wiley, 2009), features David and Robert’s analysis of how recent action by the U.S. Federal Reserve will prove to have dire consequences, the future fall of China’s bubble economy, and what – if anything – can the average investor do to stay above water.
Not even their own profession is safe, as David and Robert provide a harsh look at inadequacies of the field of economics and the dramatic failure of economists to understand and foresee the warning signs of the current economic downturn. Beyond criticism, they provide the first look at a groundbreaking new theory of economics that not only can correctly analyze what has occurred, but also begin to accurately predict what is yet to come.
Robert Wiedemer is a highly successful entrepreneur having raised venture capital and taken onto NASDAQ a high technology information services company. He is also the primary business valuation advisor to the Small Business Administration’s SBIC venture capital program. It is the largest fund of venture capital funds in the world with $20 billion invested in over 4500 high growth companies. Robert is a managing director with Absolute Investment Management. Robert has appeared in the Financial Times, Wall Street Journal, CNBC, and Fox Business News.
David Wiedemer has a Ph.D. in economics from the University of Wisconsin. He co-founded a NASDAQ-listed company providing e-commerce services based on his patented technologies for securing the sale of electronically transmitted intellectual property, such as digitally stored information. David is the chief economist with Absolute Investment Management. David has appeared in the Financial Times, Wall Street Journal, CNBC, and Fox Business News.
You can see Chapter 4 after the jump . . .