Financial Reckoning Day

Surviving the Soft Depression of the 21st Century

By: William Bonner, Addison Wiggin

Narrated by: Richard Harries

William Bonner and Addison Wiggin deliver their extremely successful financial newsletter, Daily Reckoning, to more than half a million readers. Now this pair of maverick investment writers shows that the key to surviving a "soft" depression is not collecting and analyzing current market data. Instead, if Americans want to plow through their financial woes and put some muscle back in their portfolios, they must look to the follies of the past. With Bonner and Wiggin at the helm, listeners will have their finances sailing into smooth waters in no time.

Critic reviews

"[A] worthwhile, well-organized book." (Library Journal)

Looks At Past In Detail, Not Much Future

As a finacial professional, I chose this piece in an attempt to glean some financial insight into what I agree to be a financial turmoil upcoming in the near future. I agree with the authors that the current "bulbles" of Real Estate and the derivatives market will likely unwind, and therefore have a drastic effect on the equity markets and the economy in general. The title of the book might imply that it is a strategy to handle the possible pending collapse, however, it is a more aptly described as a detailed look into the past - recent and distant - with respect to the various bubbles that have occured throughout history. The authors make their points through painstaking detail of this history, noting that these bubbles have never been deflated effectively. They have little, if any, confidence that this time will be any different. I found the history lesson informative and entertaining, but felt the book fell a bit short on actual strategy looking forward. With that aside, I found this book to be worth my time, even though it is a quite lenthy unabridged narration.
The narrator was very effective in keeping the pace and tone of the book interesting, and I would listen to any other pieces he presents in the future. Those who have a professional or serious personal interest in the financial markets will most likely find this book worth their time with regards to the detailed (informative) history lesson.

take this book down

This book is the 1st edition and "fallout" is the 2nd edition. They sell mostly the same book twice