Anyone read “aftershock” by wiedemer?

[investor]

Anyone out there read “aftershock” by wiedemer? I’d like to know what you folks think of his general direction of the economy for the next 5-10 years. For those of you that have not read him, he fairly accuratly predicted our current mess in 2005 (published early 2006) and has some dire predictions of the next 5-10 years. (Before anyone says the obvious, I know that hindsite is 20/20 and predicting the future is almost impossible.)

[investor]

I guess not. It is a book by an economics Ph.D. whio predicted the current crisis back in 2005, published in 2006. He predicts two more bubbles to pop. A dollar bubble in probably 2013/2014 and then an american debt bubble after that. How does that effect housing in SD? He predicts that housing will fall 90% from peak with un-employment to 40-60%. Before davefromfallbrook/ SvfromCV and others jump all over me, this is not what I am saying but I do think that he may be more right than wrong. There are alot of authors saying similar things. you tube the subject to find others. Go ahead, fire away.

[investor]

I guess not. It is a book by an economics Ph.D. whio predicted the current crisis back in 2005, published in 2006. He predicts two more bubbles to pop. A dollar bubble in probably 2013/2014 and then an american debt bubble after that. How does that effect housing in SD? He predicts that housing will fall 90% from peak with un-employment to 40-60%. Before davefromfallbrook/ SvfromCV and others jump all over me, this is not what I am saying but I do think that he may be more right than wrong. There are alot of authors saying similar things. you tube the subject to find others. Go ahead, fire away.

[investor]

I guess not. It is a book by an economics Ph.D. whio predicted the current crisis back in 2005, published in 2006. He predicts two more bubbles to pop. A dollar bubble in probably 2013/2014 and then an american debt bubble after that. How does that effect housing in SD? He predicts that housing will fall 90% from peak with un-employment to 40-60%. Before davefromfallbrook/ SvfromCV and others jump all over me, this is not what I am saying but I do think that he may be more right than wrong. There are alot of authors saying similar things. you tube the subject to find others. Go ahead, fire away.

[investor]

I guess not. It is a book by an economics Ph.D. whio predicted the current crisis back in 2005, published in 2006. He predicts two more bubbles to pop. A dollar bubble in probably 2013/2014 and then an american debt bubble after that. How does that effect housing in SD? He predicts that housing will fall 90% from peak with un-employment to 40-60%. Before davefromfallbrook/ SvfromCV and others jump all over me, this is not what I am saying but I do think that he may be more right than wrong. There are alot of authors saying similar things. you tube the subject to find others. Go ahead, fire away.

[investor]

I guess not. It is a book by an economics Ph.D. whio predicted the current crisis back in 2005, published in 2006. He predicts two more bubbles to pop. A dollar bubble in probably 2013/2014 and then an american debt bubble after that. How does that effect housing in SD? He predicts that housing will fall 90% from peak with un-employment to 40-60%. Before davefromfallbrook/ SvfromCV and others jump all over me, this is not what I am saying but I do think that he may be more right than wrong. There are alot of authors saying similar things. you tube the subject to find others. Go ahead, fire away.

[Hobie]

No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)

[Hobie]

No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)

[Hobie]

No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)

[Hobie]

No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)

[Hobie]

No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)

[jimmyle]

I am not sure if our policians have the courage to do engineer a soft landing by cutting back spendings and social programs. I think either we do it slowly now or we wait until we are forced to crash like Greece with major political turmoil. Either way we will be in a recession for a long time. I haven’t read the book but I have seen some of his videos and he mentioned gold as one of the investments suggested.

We will be relatively poorer but it is not possible to maintain such a huge living standard gap compared to the rest of the world in this free trade environment. However, we will still be very rich.

[quote=Hobie]No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]

[jimmyle]

I am not sure if our policians have the courage to do engineer a soft landing by cutting back spendings and social programs. I think either we do it slowly now or we wait until we are forced to crash like Greece with major political turmoil. Either way we will be in a recession for a long time. I haven’t read the book but I have seen some of his videos and he mentioned gold as one of the investments suggested.

We will be relatively poorer but it is not possible to maintain such a huge living standard gap compared to the rest of the world in this free trade environment. However, we will still be very rich.

[quote=Hobie]No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]

[jimmyle]

I am not sure if our policians have the courage to do engineer a soft landing by cutting back spendings and social programs. I think either we do it slowly now or we wait until we are forced to crash like Greece with major political turmoil. Either way we will be in a recession for a long time. I haven’t read the book but I have seen some of his videos and he mentioned gold as one of the investments suggested.

We will be relatively poorer but it is not possible to maintain such a huge living standard gap compared to the rest of the world in this free trade environment. However, we will still be very rich.

[quote=Hobie]No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]

[jimmyle]

I am not sure if our policians have the courage to do engineer a soft landing by cutting back spendings and social programs. I think either we do it slowly now or we wait until we are forced to crash like Greece with major political turmoil. Either way we will be in a recession for a long time. I haven’t read the book but I have seen some of his videos and he mentioned gold as one of the investments suggested.

We will be relatively poorer but it is not possible to maintain such a huge living standard gap compared to the rest of the world in this free trade environment. However, we will still be very rich.

[quote=Hobie]No, I haven’t but I like to read writings by economists.

If his time line and predictions are even half correct, we are going into deep do do.

Does he offer any suggestions to prevent these bubbles? Or where he would park his money 😉

Actually, I am very concerned with our economy. We need to return to producing stuff, a manufacturing economy. However several factors really hinder this goal: Costly energy, restrictive environmental policies and regulations, cheap labor overseas.

Plus I have trouble with a, “jobless recovery”. This assumes we import our much manufactured goods. It also means much of the related jobs will not be based in the US either.

I feel we need the design, engineering, manufacturing to happen in the States for our economy to recover. Of course, it would help to revisit government spending;)[/quote]

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