I just got through reading “America’s Bubble Economy,” and I highly recommend it. Fellow Piggington (and co-worker) AC recommended it. The book does a great job of laying out the logic of what will (probably) happen, and how to position yourself for such. A weakness of the book is that it is light on statistics and data. But, if you’re comfortable with Rich’s case outlined on this site and with data from books such as “How to Profit from the Coming Real Estate Bust,” especially chapters 3-6, you may find the quick, tight logic compelling and helpful (at least I did).
I’ve dropped an e-mail to the author, asking him to amplify his thoughts on why individual gold mining stocks are a no-no while gold mining mutual funds are okay.
Highly recommended, when complemented by books or sources with more data.
I posted about this book in early October in a comment in this thread when it first came out, hoping that some people would read it too. Eric Janszen of itulip.com wrote one of the chapters. It’s an easy read, and makes a lot of sense.
If anyone hasn’t read iTulip.com yet, please check it out. The writer, Eric Janszen, started the site to alert us of the stock market bubble in 1999. The name comes from the tulip bubble craze. His KaPoom theory in inflation/deflation is compelling. He started buying gold in 1999, when he made his fortunes off his venture capital funds. Now he’s alerting readers to other bubbles, mainly housing and private equity investing.
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