Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
Average customer rating: 4.5 out of 5 stars
  • Quarterlife Finance says, "Read it with a grain of salt."
  • Good to be aware of this, don't have to agree....
  • PICK AND CHOOSE
  • Act Now or Suffer Later
  • Peter Schiff: Crash Proof
Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
Peter D. Schiff , and John Downes
Manufacturer: Wiley
ProductGroup: Book
Binding: Hardcover

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ASIN: 0470043601

Book Description

Praise for Crash Proof

"The dot-com implosion proves that we all need Peter Schiff's vision of investing.?His view is so global and so unique in its approach, and at a time when we all should be looking to crash-proof our portfolios, Schiff offers us this much-needed life-raft."
—Liz Claman, Cohost, CNBC Morning Call

"For those accustomed to America's economic dominance, Crash Proof is a frighteningly forthright wake-up call. But Peter Schiff is one Cassandra whose voice deserves your rapt attention. Devoid of the usual Wall Street spin, this frank and prophetic read will make you reconsider the very foundations on which your financial house is built."
—Jonathan Hoenig, Portfolio Manager, Capitalistpig Hedge Fund LLC and FOX News Channel analyst

"Schiff does an outstanding job of outlining the dangers to individual investors of the current economic environment and presents a plausible plan about how to deal with the risks."
—David W. Tice, Portfolio Manager, Prudent Bear Funds

"A sober assessment of the financial problems facing our country. Reading this book will prepare you for potential outcomes that Wall Street and the mainstream financial media are completely unaware of."
—Bill Fleckenstein, founder and President of Fleckenstein Capital and MSN.com Money columnist

Customer Reviews:

3 out of 5 stars Quarterlife Finance says, "Read it with a grain of salt.".......2007-10-03

Consider this scenario: The domestic manufacturing sector is all but gone. Housing prices crash and billions of dollars of unrealized equity evaporate almost overnight. Consumer spending drops and the US service economy, driven by consumer spending and propped up by foreign investment and trade deficits, crashes. Foreign investors see the weakness and stop buying dollar denominated assets, furthering the dollar's free-fall. Our interest rates shoot skyward, and at the same time we suffer hyperinflation. This catastrophic chain of events leads to a tremendous depression that leaves millions of Americans penniless and unemployed.

That is just one of the possible scenarios foreseen by Schiff and Downes in their 2007 book Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books). This book makes for an interesting read, though one to be taken with a grain of salt. The book combines dire doom-and-gloom predictions with a healthy dose of mistrust for the government. If the authors were not so absolutely correct about many of the points in the book, it wouldn't deserve a second look. The authors' predictions are proving valid with each day that goes by, though, so I think this book is worth reading.

The book spends the first seven chapters discussing why the US economy is about to collapse. The author delves into the shift from a manufacturing to a service economy and the possible consequences. He examines inflation and convincingly explains why he believes that the government manipulates inflation indicators to hide the truth. He predicts a sharp decline in the dollar for many reasons, including the possibility that the dollar may no longer be the world's reserve currency after a few years.

He goes on to consider the chaos that has affected the stock market in recent years, and how the tech bubble never really burst but rather shifted into housing. He predicts a decline in housing on par with or greater than the tech crash at the beginning of this decade. He predicts that the same dollars will go towards creating a commodity bubble and result in even greater inflation. Before giving us his answer to these problems, he caps his analysis with a coup de grace - the problem of debt in the US. The author is very concerned about the levels of consumer debt, lack of home equity, and US government debt that threaten to overwhelm both US citizens and the economy as a whole.

Finally, we are given the answer to this impending crisis in three simple steps: move most of your investment dollars into foreign dividend-paying stocks and gold, and hold a reserve of liquidity (preferably in foreign currency) to allow you to take advantage of investment opportunities as the domestic economy comes crashing down around you.

I liked this book for many reasons. For one, it presents a worst-case scenario that deserves serious consideration given the veracity of some of the authors' claims. Second, it presents interesting reading. I particularly enjoyed the authors' analogy of the current world economy to an island on which six Asians work around-the-clock to feed, clothe, and shelter the sole American - who benefits the Asians by giving them a reason to produce.

Most interestingly, the author hit the nail on the head with respect to both housing and the declining dollar. An investor in February, 2007 (when this book was published) would have done very well moving his portfolio to gold and foreign stocks.

However, there were some major problems with this book, in my opinion. First and foremost, the book ends with a shameless plug for the authors' investment company. If his ideas are that excellent, he should not need to plug his brokerage....clients will find him regardless. Also, he presents his company as the single outlet for implementing his plan. I would appreciate two or three unbiased options (low-cost foreign index funds, for example) - otherwise his entire book seems like a fear-based ploy to increase his own business with little regard for his clients.

The authors also make a strong case for dividends over capital appreciation. However, if you are a believer in efficient markets, singling out dividend-paying stocks will not result in a greater return than the market as a whole.

Lastly, a major premise of the book is that the lack of manufacturing in America will lead to a decline in the dollar, inflation, and recession. However, I think it is important to note that a declining dollar may serve to bolster our manufacturing sector by making our products more competitive both domestically and internationally. So the very problem the authors present could potentially solve itself.

Overall, the authors do an excellent job of considering the potential for a decline in the US economy, and present some interesting strategies to mitigate the effects of the crash. Even if you disagree with the authors, some of their strategies (including investment in foreign securities and gold) have a place in almost every portfolio.

4 out of 5 stars Good to be aware of this, don't have to agree...........2007-10-03

I saw Peter Schiff on CNBC and was drawn to his style. I love the fact that he stands up to these idiot talking heads that think everything is "pretty good".. the economy is basically strong they will tell you. Well I tend to agree with Schiff's views. Worth the read.

5 out of 5 stars PICK AND CHOOSE.......2007-09-27

ANYONE CAN PICK APART OR AGREE WITH ANY WRITTEN WORD. THE INFO THAT PETER BRINGS FORTH ,IN A MANNER THAT IS EASY TO UNDERSTAND, MAY OR MAY NOT BE TO YOUR LIKING. BUT AT LEAST IT IS PRESENTED IN A TRUTHFUL MANNER.

FOR THOSE THAT CHOOSE TO IGNOR OR DISAGREE ABOUT THE CONCLUSIONS AND ANSWERS PUT FORTH BY PETER, YOU DO SO AT YOUR FAMILIES AND YOUR OWN PERIL. WHAT PETER SUGGESTS IN THIS BOOK WILL KEEP ONES ASSETS AT A VALUE HIGHER THEN THE FIET CURRENCY WE NOW USE. THE USD IS A NOTE (LOOK UP DEFINITION) THAT IS USED IN LIEU OF CONSTITUTIONAL CURRENCY.

THIS IS A GOOD , HONEST AND EASY TO UNDERSTAND ECONONMICS LESSON, THAT CAN BE UNDERSTOOD BY US SHEEPLE ,THAT ONLY HAVE BITS AND PIECES OF MANURE PROVIDE BY TALKING HEADS ,
TO SIFT THRU FOR OUR INFORMED INVESTING DECISIONS.

IN CLOSING I WILL SAY THAT IF WE WANT TO HAVE A SOUND COUNTRY AGAIN AND A CURRENCY THAT HAS VALUE, THEN WE NEED TO ELECT RON PAUL. HE WILL DO AWAY WITH THE IRS AND THE FEDERAL RESERVE AND RESTORE OUR CURRENCY TO ONE THAT IS WORTH MORE THAN A "CONTINENTAL"

THANKS AGAIN PETER

5 out of 5 stars Act Now or Suffer Later.......2007-09-24

I enjoyed this book even though I was previously aware of its economic arguments and suggestions for portfolio allocations. Mr. Schiff is passionate and sincere and that tone comes across in the book. For that, thank the excellent John Downes who has co-written several other good business books. Many other reveiwers here discuss the contents of the book so I won't go there.

I worked as a bullion dealer in the 1970's so this is my second "crash" cycle. Many people thought the US would collapse in the 70's due to inflation and a national debt of $1 Trillion dollars. Many thought gold would zoom to the moon. Instead, gold crashed and languished for over 20 years. That's because the US was able to shift gears.

Reagan pulled the US economy up from its tailspin by switching from printing money to issuing debt. He took advantage of the low US debt/GDP ratio to inflate debt by selling bonds to Americans and foreigners. It accomplished the same thing - letting the economy expand with a near infinite supply of cash liquidity. George W Bush then doubled the US national debt to $10 Trillion in only eight years. Low interest rates sucked in the public who took on enormous personal debt.

The US now can't rapidly inflate because the dollar would collapse and can't take on more debt because investors doubt it can be repaid in sound money. People don't accept the possibility of an economic crash because they think the US/Bernake/Fed will always be able to pull another rabbit from the hat. This complacency will lead to disaster for most investors.

The US is tapped out on debt both public and personal. The US has so debased the dollar that it has fallen tremendously since Bush II took office and continued the pattern of reckless spending.

If you don't want to believe Schiff when he warns of what's ahead then listen to Greenspan as he touts his recent autobiography. He states directly that the US will have inflation for the next 25 years. He says the outlook for stocks, bonds, and the general economy is 'gloomy' for the forseable future. He says the dollar will likely lose its reserve currency status. This is "The Maestro" talking. He says it's going to be bad. Schiff tells you how bad and what to do about it.

Some people here crticize Schiff for touting his firm's services. So what. He tells readers what to do, but most won't act for themselves. So, he provides the service. Currently, gold is at 725 (September 2007). That's not cheap, but it won't be cheaper in 2009. The US will have to reduce the rate of gov't spending and that will feed back into jobs and consumption. I doubt that the dollar will totally collapse, but when it's all said and done, we'll get a combination of "manageable" inflation and rising interest rates. Most other nations will also inflate as they prop up their economies and scramble to get their share of the world's increasingly costly oil.

The only asset that trumps oil is gold. Bite the bullet and get your share. Reduce your US stock exposure and don't go within 20 miles of a long-term bond. Your financial advisor will be of little help in these matters. Their loyalty is to commissions. You'll have to start thinking for yourself and acting on it even though it will make your stomach churn and give you a migraine.

I'd suggest a general portfolio of 25% gold (ETF or coins), 50% cash, and 25% international stock index fund. If inflation is gradual, the foreign stock will keep pace. If war or rapid inflation strikes, gold will win big. Hold cash to provide liquidity and to take advantage of opportunity. You shouldn't have to wait too long. The politicians will paper things over until the 2008 election. At least hold enough gold to offset declining purchasing power of a fixed pension. If you need 30k a year to live on, then hold that much gold - at least. Live cheap and get out of debt.

Peter Schiff's book is certainly worth reading. We'll see the truth of that within a few years.

5 out of 5 stars Peter Schiff: Crash Proof.......2007-09-17

Excellent Book. Must reading for everyone who is concerned with the fragile state of the Economy!
The Annotated Mona Lisa: A Crash Course in Art History from Prehistoric to Post-Modern
Average customer rating: 4.5 out of 5 stars
  • Learn with your children
  • Art Education Student
  • Great summary
  • The Annotated Mona Lisa
  • Not what I expected
The Annotated Mona Lisa: A Crash Course in Art History from Prehistoric to Post-Modern
Carol Strickland , and John Boswell
Manufacturer: Andrews McMeel Publishing
ProductGroup: Book
Binding: Paperback

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  5. AP Art History w/CD-ROM (REA) The Best Test Prep for the AP Art History Exam with TESTware (Test Preps) AP Art History w/CD-ROM (REA) The Best Test Prep for the AP Art History Exam with TESTware (Test Preps)

ASIN: 0836280059

Customer Reviews:

5 out of 5 stars Learn with your children.......2007-09-01

This book was purchased for my son for school, but I purchased two to refresh my memory. It is a wonderful book.

5 out of 5 stars Art Education Student.......2007-08-16

I am preparing to take the Art education part of the GACE exam. Not only is ths book a must but all of my professors encourage us to study it. The color photos are perfect and you could not buy anything better.

5 out of 5 stars Great summary.......2007-05-13

This book points out the specifics of different art movements in a brief and informative fashion. Don't expect in-depth analysis of specific works, but you will get a run-down of the important names and pieces from significant periods in Art History. This book helped me go from a 4 to a 5 in A.P. Art History practice tests. I highly recommend it for the price!

5 out of 5 stars The Annotated Mona Lisa.......2007-05-07

Excellent book for AP Art History review. I have used it in my classroom for eight years with great results!

2 out of 5 stars Not what I expected.......2007-03-16

The type is different all over the page and makes for hard reading. It is not cohesive and seems to be just bits and pieces. Quite disappointing - considering it was "recommended" when I purchased other books.
Snow Crash (Bantam Spectra Book)
Average customer rating: 4 out of 5 stars
  • No-Holds-Barred Cyberpunk
  • Cyberpunk is my new love...
  • Stunning
  • Not Free SF Reader
  • Not so great
Snow Crash (Bantam Spectra Book)
Neal Stephenson
Manufacturer: Spectra
ProductGroup: Book
Binding: Paperback

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  5. Zodiac Zodiac

ASIN: 0553380958
Release Date: 2000-05-02

Amazon.com

From the opening line of his breakthrough cyberpunk novel Snow Crash, Neal Stephenson plunges the reader into a not-too-distant future. It is a world where the Mafia controls pizza delivery, the United States exists as a patchwork of corporate-franchise city-states, and the Internet--incarnate as the Metaverse--looks something like last year's hype would lead you to believe it should. Enter Hiro Protagonist--hacker, samurai swordsman, and pizza-delivery driver. When his best friend fries his brain on a new designer drug called Snow Crash and his beautiful, brainy ex-girlfriend asks for his help, what's a guy with a name like that to do? He rushes to the rescue. A breakneck-paced 21st-century novel, Snow Crash interweaves everything from Sumerian myth to visions of a postmodern civilization on the brink of collapse. Faster than the speed of television and a whole lot more fun, Snow Crash is the portrayal of a future that is bizarre enough to be plausible.

Book Description

Only once in a great while does a writer come along who defies comparison--a writer so original he redefines the way we look at the world. Neal Stephenson is such a writer and Snow Crash is such a novel, weaving virtual reality, Sumerian myth, and just about everything in between with a cool, hip cybersensibility to bring us the gigathriller of the information age.

In reality, Hiro Protagonist delivers pizza for Uncle Enzo's CosaNostra Pizza Inc., but in the Metaverse he's a warrior prince. Plunging headlong into the enigma of a new computer virus that's striking down hackers everywhere, he races along the neon-lit streets on a search-and-destroy mission for the shadowy virtual villain threatening to bring about Infocalypse. Snow Crash is a mind-altering romp through a future America so bizarre, so outrageous...you'll recognize it immediately.

Download Description

Only once in a great while does a writer come along who defies comparison -- a writer so original he redefines the way we look at the world. Neal Stephenson is such a writer and Snow Crash is such a novel, weaving virtual reality, Sumerian myth, and just about everything in between with a cool, hip cybersensibility to bring us the gigathriller of the information age.

In reality, Hiro Protagonist delivers pizza for Uncle Enzo's CosaNostra Pizza Inc., but in the Metaverse he's a warrior prince. Plunging headlong into the enigma of a new computer virus that's striking down hackers everywhere, he races along the neon-lit streets on a search-and-destroy mission for the shadowy virtual villain threatening to bring about Infocalypse. Snow Crash is a mind-altering romp through a future America so bizarre, so outrageous... you'll recognize it immediately.


"Stephenson has not stepped, he has vaulted onto the literary stage with this novel."
   LOS ANGELES READER

"A cross between Neuromancer and Thomas Pynchon's Vineland. This is no mere hyperbole."
   SAN FRANCISCO BAY GUARDIAN

"Fast-forward free-style mall mythology for the 21st century."
    WILLIAM GIBSON

"Brilliantly realized... Stephenson turns out to be an engaging guide to an onrushing tomorrow."
   THE NEW YORK TIMES BOOK REVIEW


Customer Reviews:

4 out of 5 stars No-Holds-Barred Cyberpunk.......2007-09-16

Years ago, this book was all the rage with a group of my friends, and after hearing them talk so much about it, I had to check it out for myself. I wasn't disappointed; Neal Stephenson's Snow Crash is a superb cyberpunk novel with fun characters thrown in.

Hiro Protagonist (no, really...that's his name) is a sometime pizza boy in an America that has become fractured and conglomerated by corporations. However, his real a/vocation is his life on the net, wherein he is a sword-swing agent. When his net mogul friend, Da5id, is rendered brainless by a strange computer virus called Snow Crash, Hiro is thrown into an adventure with Mesopotamian mythology, mad mafia pizza moguls, a criminal whose weapon of choice is plate-glass spears, a massive floating island of refugees, and a cynical teenage skateboard courier. Stephenson has an eye for both satire and for enthralling description. Highly recommended for any fan of William Gibson.

5 out of 5 stars Cyberpunk is my new love..........2007-09-16

This book had my heart after the first paragraph. I love the way Stephenson is so descriptive, using so many metaphors that your head spins. It was seriously like watching "The Matrix" for the first time. You remember how with just about every action scene you were able to mutter at least one "That was freakin' awesome!"? Well that's how "Snow Crash" is going to be for you. There's not one chapter that goes by where you aren't interested.
Even the less action-packed chapters are just as captivating, not only because Neal Stephenson can write a sentence so full of satire and humor that only weeks later while standing in line at the DMV will you break out in laughter at finally understanding it completely, but because the content is just so intriguing. I also must confess to loving the parts of the book that dealt with Sumerian mythology, as well as the Raft.
Anyway, without giving any more details, I definitely stand by this book as one of the best novels ever written. Even Time Magazine seems to agree, having put it on a list of "All-Time 100 Novels"(http://www.time.com/time/2005/100books/the_complete_list.html). So especially if you've been out of touch with a good book for a while, consider reading "Snow Crash" by Neal Stephenson. It'll make you fall in love with literature all over again, even if you don't know for sure what Cyberpunk means.

4 out of 5 stars Stunning.......2007-09-13

The combination of technology and cutting edge concepts make this a watershed novel. A pleasure to read was actually sad when I realized only twenty pages were left. Think of that...
[[ASIN:0595681646 Gideon's Fall: When You Dont Have a Prayer, Only a Miracle Will Do]

5 out of 5 stars Not Free SF Reader.......2007-09-03

A fabulous book, right from the very first life or death pizza delivery incident, and the adventure that flows from there.

Our recursive main character, Hiro Protagonist, must help out a girl, solve a conspiracy, and find out where he comes from, all with a little help and a lot of danger. An intelligent, clever and very funny romp from start to finish, although the humour is more prevalent in the beginning, before the Sumerian encounter.


2 out of 5 stars Not so great.......2007-08-31

Whenever someone's output is described as a romp, that is natures way of saying "don't touch".
Windows Server 2003 Weekend Crash Course
Average customer rating: 4 out of 5 stars
  • Nice book that explains the basic
  • Little Relevant Info from a programmer's perspective
  • Server Crash Course
  • Great Introduction Manual
  • Excellent Introduction to Windows 2003 Server
Windows Server 2003 Weekend Crash Course
Don Jones
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

Client-Server SystemsClient-Server Systems | Data in the Enterprise | Networking | Computers & Internet | Subjects | Books
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ASIN: 0764549251

Book Description

Focus: Book consists of 30 sessions that teach the core concepts of Windows .NET Server to Windows Administrators over a weekend. Covers the new features of the Windows .NET Server, including headless servers, Remote Desktop Services (RDS), and performance management. Learn how to implement Windows .NET Server as the base OS for the Microsoft .NET Framework and.NET Enterprise Servers, including SQL Server 2000 and Exchange 2000 Server. Covers Windows .NET Server's improvements to networking, Active Directory, usability, reliability, scalability, disaster recovery, management, and Internet integration as well as Windows basics and architecture; installing the Windows .NET Server; and managing server security.
Running example: A running example of a fictitious major international bank is used to demonstrate key concepts.
Windows interface tutorial on CD: For readers with no prior Windows experience at all, a Windows interface tutorial will be included as an appendix on the CD that accompanies the book.
WCC series features: Each session takes 30 minutes to complete. Four time-to-go icons gauge the reader's progress through any given session. "Quiz Yourself" questions (at the end of each session) and "Part Review" questions allow the reader to review what they have just learned. Skill assessment software on the CD-ROM helps readers gauge their skill level before and after reading this book.

ABOUT THE CD-ROM
The CD-ROM has skills assessment software based on the sessions in the book and an appendix on the Windows interface.

Customer Reviews:

4 out of 5 stars Nice book that explains the basic.......2007-02-17

Nice book for people needing to know the basic and how it works and where to find things. I keep it next to my advance book. This book well not go in to deeped. but it will get you started and expaines what it for and how it works.

3 out of 5 stars Little Relevant Info from a programmer's perspective.......2006-07-11

If you buy a server with Windows 2003 Server R2 pre-installed, there is very little you need to do in order to get it up and running as a web/apps server. As such, the book, while very clear, has joined my legions of forgottable IT books. It's not bad, it's just not filled with enough info to make it a must have. I supposed it allowed me to feel better that I wasn't alone in my configuration.

4 out of 5 stars Server Crash Course.......2005-10-18

A good way to quickly catch up on Server management. About the only thing missing is Active Directory. Instead of just saying that its too big of a topic to cover, it would be nice to have at least a brief guideline to it.

5 out of 5 stars Great Introduction Manual.......2005-01-25

This is a great introduction manual if you have never installed or used Windows Server 2003. I found it very easy to understand and it walked me through each step that would be of concern for a typical user.

4 out of 5 stars Excellent Introduction to Windows 2003 Server.......2003-09-02

Don Jones deserves applause for clearly covering all the major areas of the vast Windows Server 2003 package in this easy-to-handle book. It steers the middle course between the vast "Mastering " tomes, and the near-useless "Dummies" approach. It lives up to its promise of teaching you what you need to know to start setting up and managing a Windows 2003 server with about 15 hours of investment in reading time.

The only thing keeping it from getting a full five stars was that it went a bit too briskly over DNS, where I get the feeling a couple more pages of Jones' on-the-mark advice could have saved me some hours of troubleshooting. On the whole, however, a very useful book.
AARP Crash Course in Estate Planning: The Essential Guide to Wills, Trusts, and Your Personal Legacy (AARP)
Average customer rating: 4.5 out of 5 stars
  • The Good Estate
  • Cuting planning costs
  • Don't Visit Your Attorney without Being Informed
  • This book is outdated.
  • The best advice
AARP Crash Course in Estate Planning: The Essential Guide to Wills, Trusts, and Your Personal Legacy (AARP)
Michael T. Palermo
Manufacturer: Sterling
ProductGroup: Book
Binding: Paperback

Estates & TrustsEstates & Trusts | Taxation | Law | Subjects | Books
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ASIN: 1402718381

Book Description

Here is the absolutely essential and totally comprehensive guide to wills, trusts, estate planning, and crafting a personal legacy.

Scrutinized for accuracy by AARP’s legal specialists, this indispensable volume covers every aspect of planning an estate and creating a will. A crash course in one handy volume, the book walks readers through the entire process, from understanding the distinction between probate and nonprobate property to delegating a durable power of attorney, and from resolving possible tax issues ahead of time to safeguarding your assets.

In these pages you will find:
• comparisons of wills and simple living trusts;
• advice on guardianship and advance medical directives;
• explanations of the role and powers of a trustee—and what steps to take in the case of suspected misconduct;
• a primer on marshaling and protecting retirement assets;
• help in planning for children with disabilities;
• ideas for making sure your money stays in the family in case a spouse remarries; and much, much more.

Customer Reviews:

4 out of 5 stars The Good Estate.......2007-08-28

This is a well written, very readable treatment of the subject of estate planning. If one submits to the discipline of reading it thoroughly one will secure the necessary knowledge to ask and answer the pertinent questions of an estate planning lawyer.

5 out of 5 stars Cuting planning costs.......2007-01-19

This book is a must for senions who need to understand the ramifacations of nursing home costs and related retirement issues. Attorney costs as high as $200.00 per hour and or flat fees of thousands of dollars, cause seniors to procasinate from getting their financial house in order. This book does a good job of explaining the need for proper planning and the ease in which it can be done withour having an attorney do ever phase, and prepare every document. Yet it does point out the need for an attorney in properly preparing the more difficult documents. I highly recoment this book for seniors and others also.

5 out of 5 stars Don't Visit Your Attorney without Being Informed.......2006-09-28

As an estate planner and attorney, I know that presenting this kind of information in an easy-to-grasp way isn't, well . . . easy. But Michael Palermo has done it. In Crash Course in Estate Planning, he explains everything from wills to planning for children to protecting your investment interests. The fact that the AARP endorses The Essential Guide is a great indication of the value of the information. The "Hints" and "Warnings" that Michael gives throughout the book could only have come from a real life practicing estate attorney who has faced these problems with clients many times. In addition to having an estate planning practice, Michael is also a Certified Financial Planner and the combination of wisdom garnered from his financial background and legal background serves his readers well. Michael knows which issues take a little more effort to understand, and he provides more detail accordingly. This is a great book for anyone who is preparing to tackle the estate planning process. Palermo provides clear and direct answers to very difficult questions. I highly recommend his book. Be advised though, if you read the book you may, at least in some areas, find you know more than your attorney!

James Lange, CPA/Attorney and author of Retire Secure! Pay Taxes Later: The Key to Making Your Money Last as Long as You Do

3 out of 5 stars This book is outdated........2006-06-21

It is difficult to understand how this book got the endorsement of AARP. It has only had three reviews and the last one was in October of 2005. Being published in 2004 puts the information behind the times, especially if you live in California. As the author of the book "Everything A Baby Boomer Should Know," published only weeks ago, I think AARP should reevaluate what it recommends to us Baby Boomers as a reliable resource to educate our need to know how the system works.

5 out of 5 stars The best advice.......2005-10-28

This is not a "how to" book. It is an exhaustive discussion of all of the options people have in planning their estates. This includes what can go wrong and how to avoid these problems.

It covers all of the possible ways to minimize taxes for your estate and your heirs.

The writing style is concise.
Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)
Average customer rating: 3.5 out of 5 stars
  • A classic -- but showing its age
  • Great Scholarly work but how does an investor make a buck?
  • Speculation leads to disaster and must be borne by the central bank.
  • Superb treatment of the speculative nature of financial markets
  • A must for your collection
Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)
Charles P. Kindleberger
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

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ASIN: 0471389455

Book Description

"Sometime in the next five years you may kick yourself for not reading and re-reading Kindleberger's Manias, Panics, and Crashes." -Paul A. Samuelson, Institute Professor Emeritus, Massachusetts Institute of Technology

"One never picks up a work by Charles Kindleberger without anticipating a feast of entertainment. But underneath the hilarious anecdotes, the elegant epigrams, and the graceful turns of phrase, Kindleberger is deadly serious. The manner in which human beings earn their livings is no laughing matter to him, especially when they attempt to do so at the expense of one another." -from the Foreword by Peter L. Bernstein, author of Against the Gods and The Power of Gold

Praise for Manias, Panics, and Crashes

"Classic. . . . Manias, Panics, and Crashes is a durable guide to meditation: wise, witty, and practical. It is a template against which to measure the latest financial crisis-whatever and whenever that happens to be." -David Warsh, Boston Globe

"Definitive." -Floyd Norris, New York Times

"Menacing..." -The New Yorker

"[Manias, Panics, and Crashes] is a scholarly account of the way that mismanagement of money and credit has led to financial explosions over the centuries."-Richard Lambert, Financial Times

"This book sparkles with the best of Kindleberger's wit, insight, and passion for financial history. A real delight."-Robert Z. Aliber, Professor of International Economics and Finance, University of Chicago, Graduate School of Business

"What long has been the best history of financial pathologies is now even better. The reader who absorbs Kindleberger's lessons will be prepared to foresee and navigate the financial crises that surely lie ahead. Like a true classic, Manias, Panics, and Crashes is both timely and timeless." -Richard Sylla, Kaufman Professor of Financial History, Stern School of Business, New York University

Customer Reviews:

3 out of 5 stars A classic -- but showing its age.......2006-09-25

This book probably deserves the title of "classic", being one of the first attempts by an economist to popularize for a broader audience a theory of speculative financial bubbles that takes into account "modern" macroeconomic theory (e.g. Keynes and the monetarists). The book identifies many common themes among some of the great financial manias in history, providing along the way some entertaining anecdotes and commentary.

Nevertheless, classic or not, I was a bit disapointed with the book. After 30 years and several editions it seems to be showing its age, with numerous uneven and unconvincing attempts to update the text to the late 20th century. I also found that the many historical examples were not well told or clearly differentiated and tended to blend together. Chancellor's "Devil take the Hindmost" seems to do a better job at providing a history of the great speculative bubbles. Most importantly, Kindelberger writes alot about what goverbnments should do after crashes occur, but he does not help much with a useful framework for spotting bubbles as they emerge -- or understanding how they tend to unravel.

2 out of 5 stars Great Scholarly work but how does an investor make a buck?.......2006-02-26

I don't recommend this book for a general business audience. It does a fine job of chronicling various panics. I was hoping for a book that focused on causes of panics and manias and how to identify one when you are in it.

4 out of 5 stars Speculation leads to disaster and must be borne by the central bank........2005-12-08

Speculation excesses are referred too as mania and revulsion from these excesses take the form of crisis, crashes, or panic which are historically common. The excess speculation builds as investor seize new opportunities for profits and are overdone. Hyman Minsky describes these new opportunities as the result of displacement. Displacement are events leading up to a crisis, such as, outbreak or end of war, bumper harvest or crop failure, widespread adoption of an invention, or some political event. Displacement must be a significant size. Displacement brings opportunities for profit and increased demand causes price to rise. Banks artificially increase supply without proportional increases in demand by expanding the money supply that demand would have generated. The money supply expansion is notoriously unstable. Feedback fuels Euphoria for price increase; the Euphoria turns investment from really valuable products to delusional ones. Boom is characterized as rising interest rates, as Banks threaten discredit and hedge against the speculation by raising rates; trading velocity increases and the velocity of circulation and turnover ratios rise; and stock prices increases. Boom is fed by expansion caused by bank credit; credit increases the money supply and destablizes the investment.

Once the excessive character of the upswing is realized, the financial system experiences a distress and then rushes to reverse expansion resembling panic: real or financial assets converting to money, premature repayment of debt, and prices crashes in commodities. Minsky explains that selling at the top falters because there is not enough money too sell out at the top.

Revulsion of the commodity halts banks from lending on the commodity as collateral, this is called discredit. Discredit leads the panic as people crowd to get out the door. People may stop trying to get out the door, if price falls and the commodity looks like a bargin, trade is cut and price declines stop hemmoraging, or a lender convinces the market money will become available. When the economy becomes depressed, Banks view borrowing as a risky prospect and may prefer to put their money in government securities.

Banks fail when too many borrowers default on their loans and the borrowers collateral is not enough to cover the debt. Inflation and deflation should not affect long term growth. When prices fall a corresponding drop in wages also may occur. Employment and purchasing power remain neutral. Wo, comes unto the borrower. The borrower suffers because the debts are fixed. The creditor benefits because expense money is returned in debt payments and this money can buy more, a value added function. Depression is characterized by a reluctance for banks to loan money, discreditation of the commodities to be used as collateral decreases the amount of loanable money the bank is willing to extend to the borrower, and tight money slows growth.

The world markets operate as if men are rationale over the long run. Irrationality may exist as economic actors choose the wrong economic model, fail to account for a particular piece of information, or fail despite a rational expectation as lags between stimulus and reaction fail to meet expectation. Composite fallacy confuses the truth, as investors believe that the whole is more than the sum of its parts. Speculation leads to disaster and must be borne by the central bank.

5 out of 5 stars Superb treatment of the speculative nature of financial markets.......2005-09-29

Kindleberger's book provides massive historical evidence to support his assessment of the boom-bust nature of financial markets.Basically,speculative excesses,financed in large part by margin account loans and easy bank credit,leads to a pattern where the debt load of many market participants is overleveraged.Like the straw that breaks the camel's back,all it takes is an exogenous(or endogenous) shock to pop the speculative bubble .The value of the underlying assets of the overleveraged market participants collapses.These individuals go bankrupt,causing a chain reaction as other participants are impacted by the bankruptcies and up bankrupt themselves.Kindleberger correctly identifies the major theorists of this outlook as I.Fisher(his debt-deflation theory)and H.Minsky(his financial fragility theory).There are a few small defects.First,Benoit Mandelbrot's nearly fifty years of statistical-empirical work on the "wild " risk inherent in all of the different financial markets worldwide would have provided a perfect fit with the historical and anecdotal evidence that Kindleberger has collected.Second,there is only a brief footnote on the role of exogenous "sunspot"uncertainty going on in this historical process.Kindleberger overlooks the technical analysis of the effect of uncertainty, in microscopic,decision theoretic terms,on decisions made by Keynes(Keynesian uncertainty)and Ellsberg(Ellsbergian ambiguity).The problem here is not necessarily irrational decision makers,but rational decision makers who lack sufficient relevant information to apply the standard neoclassical decision techniques.These decision makers KNOW that they don't know.They then decide to follow those whom they believe are better informed.This leads to crowd,herd,and cascade effects that both creates the bubble and the crash.One possible way to stop this recurring pattern would be to eliminate margin loans Third,Kindleberger appears to be unaware that Keynes would agree with most of Kindleberger's case.From Keynes's early 1910 lectures on the negative impacts of speculation on stock markets through the A Tract on Monetary Reform,A Treatise on Money,and the General Theory(chapters 12,17,and 22),one can find Kindleberger's points explicitly considered in Keynes's work.Of course,Keynes does not provide the vast historical evidence that Kindleberger provides.Keynes would likely argue that ,since his theory is a general theory of decision making under conditions of risk,uncertainty,and ignorance that applies where ever organized financial markets exist,he would already know what the historical record would show if examined in historical detail.

5 out of 5 stars A must for your collection.......2004-12-17

This book lays out the blueprint to spot a financial crisis in the making.

A. Plenty of money in supply and preferably at cheap rates.

B. A 'new technology'-from the birth of railroad stocks, to letter stocks of the 1960s and dot coms of the late 1990s.

C. A willing and enthusiastic media outlet (think CNBC and the dot com boom).

D. Cab drivers and plumbers suddenly trading actively in the respective markets. Another note I would throw in is when the investment community are saying 'it is different this time, simple valuation of securities is no longer possible'.

Kindleberger's work draws on this scenario time and time again.

A required reading for anyone actively trading in the markets.
Wireless Crash Course, Second Edition
Average customer rating: 4.5 out of 5 stars
  • Too basic for engineers, but an excellent general reference.
  • clear prose, without drowning you in maths
  • Best book on the wireless industry
  • Good books for engineers wanting to understand current wireless technologies
  • Crashed Course
Wireless Crash Course, Second Edition
Paul Bedell
Manufacturer: McGraw-Hill Professional
ProductGroup: Book
Binding: Paperback

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ASIN: 007145280X

Book Description

This acclaimed wireless intro book provides a thorough understanding the basic workings of wireless networks, technology, and regulations, clearly explaining concepts like radio frequency, cell sites and switching, as well as the regulatory processes that affect all wireless service providers and equipment manufacturers. This new edition has been heavily revised to cover digital wireless: GPRS, 3G, UTMS, cdma2000, Wi-Fi, WiMAX, and the host of new digital services driving wireless growth.

Download Description

A clearly written, jargon-free explanation of how wireless telecommunications work, with an emphasis on the design and management of systems.

Customer Reviews:

5 out of 5 stars Too basic for engineers, but an excellent general reference........2007-01-05

I used this book as a supplemental reference for teaching an undergrad course in Wireless Communications. Although it is too basic for students with communications engineering backgrounds, it is terrific as a basic intro to multiple wireless technologies and related business applications and services. Technologies grow and industries change quickly, but this book's 2005 edition seemed reasonably up to date as of the end of 2006. Even I used it as a quick refresher on specific topics like WiMax, GPRS, 3G, UTMS, cdma2000. The author writes clearly, and this book is a great reference for general telecom audiences.

4 out of 5 stars clear prose, without drowning you in maths.......2006-06-11

This second edition has prose that clearly explains the concepts in wireless engineering. Without diving deeply into the underlying physics or maths. Bedell explicitly states that he directs the book at a wide audience, including possibly those in the financial industry, who want to make some sense of the various wireless networks.

He covers all the important types of networks. From those that have been around for decades, to the latest WiFi and WiMax. The latter is especially speculative, but offers great potential for connecting up a wide area.

5 out of 5 stars Best book on the wireless industry.......2006-05-11

This is by far the best book I've ever read on the wireless industry. I'm starting my career in this field and found the book very informative and easy to understand. I e-mailed Mr. Bedell with a question and he returned my e-mail in less than 12 hours!! If your new to wireless or your an old pro, this is the last book you'll ever need. TRY IT!! You won't be disapointed.

4 out of 5 stars Good books for engineers wanting to understand current wireless technologies.......2005-08-19

For technical professionals and engineers, this book is a great way to understand past and existing wireless technologies. It gives an overview on the many aspects of wireless communication and explains the technologies to some amount of depth. The areas that explain how the wireless encoding works would have to be read more than once to grasp it. Every chapter starts with a good overview. The nice thing about this book is that it also contains information about the companies behind these technologies, their evolution (or demise) based on how technologies were selected over others and the evolution of the technologies themselves.

2 out of 5 stars Crashed Course.......2004-04-22

This is a very disappointing book. Technical stuff needn't be turgid or boring although I suspect this is less the author's fault than the publisher's, the latter perhaps worriedly taking the view that any hint of personality, lightness, humour or the like equates with lack of gravitas and must be ruthlessly excised and a few diddy questions stuck at the end of chapters for the book to be taken seriously; absolute rubbish of course.

In fact Bedell often makes good use of analogies and models to explain particular concepts and implementations (for instance on CDMA on p259) and even makes the occasional jokey aside. The book would have been greatly improved by more of this.

There are, however, too many factual and other errors as in the following examples.

In 22.5.7 Bedell says, "There is currently a newer version of CDMA under development. Known as wideband CDMA (W-CDMA), sometimes known as `CDMA 2000'". Really? Well, that solves at a stroke the problems of the two leading South Korean operators wondering which route to emphasise. The International Telecommunications Union (ITU), GSM operators looking to upgrade, and others, may be surprised as well.

Page 268 has, "... any SIM card works with any GSM handset ... [then] the owner must enter their four-digit PIN number. The SIM card cannot be activated without this PIN number ..." PIN stands for "Personal Identification Number" so it's just "PIN", incidentally, not "PIN number" but, more importantly, the statement is wrong as anyone who happily swaps SIMs between GSM handsets and hasn't enabled an optional PIN will confirm.

24.10.2.4 has "Bluetooth[`s range is] much lower than the 3.5 mi of 802.11b." Well, yes. And so actually is the ordinary open-air range of 802.11b itself, at some three hundred feet or around only 1.5% of the distance claimed.

Page 234 offers, "With the world shrinking at the rate it is in lieu of the globalization of the world economy ...."; "in lieu of" means "in place of" - presumably Bedell actually means "because of". And later in the paragraph he uses half a dozen words when a couple would suffice, one of many instances where the book would have benefited greatly by better editing and a reduction of maybe 15% to 20% overall.

"ie" is not a synonym for "eg". The former stands for "id est" and means "that is", the latter for "exempli gratia" and means "for example". Eg, from page 364, "...locations will range from large enterprises (i.e. office buildings, hospitals, campuses)..", ie apparently will not include the likes of industrial complexes, airports or anything other than those three groups cited.

So is this just being picky over things that ultimately don't matter?

No, because factual errors (although, as every writer knows, they creep in) have no place in such a text book and this is sloppy editing. And the problem with grammatical or stylistic errors is that, firstly, they obfuscate rather than clarify meaning and so risk confusing the reader and, secondly, their presence raises the suspicion that if the writer or editor has been cavalier with language how cavalier has been the treatment of information which must be taken on trust. It matters greatly in programming whether a coder uses "OR" or "AND" and it's as important that a writer uses writing tools correctly to convey meaning accurately.

More generally, the text is far too US-centric for something offering a fast-track route to grasping the essentials of a particular technology area.

South Korea in particular and Asia in general is well ahead of the rest of the planet in wireless yet there's no mention of the exciting and innovative developments in those areas. Page 205, for instance, makes some bizarre claims about GPS yet location based systems (LBS) are big in South Korea and Japan and have been for some time.

In 2001 the gap between Europe and the US in wireless was huge (although it's certainly narrowing) yet the technology used by 75% of the world, GSM, is barely considered.

Who, some earnest US factoid collectors perhaps excepted, gives a toss about the dreary recitations of US cellular regulations or the arcane minutae distinguishing PCS and cellular? Far better to have skated briskly over all that and used the space to look in more detail at GSM, at CDMA-IS95 and the future developments of each, at the whole WiFi and WiMAN developments which, granted, were nascent in 2001 but which could still have been covered.

The book has no glossary and the indexing is poor. Initialisms are fine to use but a reader needs easily to be able to recheck what, for instance, ESN, GSM, CTIA, AMPS, EIR, HLR and so on and so on stand for when he meets them later. This is entirely the publisher's fault, of course, but such a slapdash contempt for the reader simply isn't acceptable, particularly in a book for relative beginners.

I certainly learned a fair bit I didn't earlier know and to that extent the book was useful. And an updated version would be welcome, particularly if it bravely struck out into the rest of the world where so much more is now happening, lightened up greatly the writing style and were properly edited. But until then, no, sadly it's a crashed course.
Night Fall
Average customer rating: 3.5 out of 5 stars
  • Most Disappointing
  • Suspenseful, worth the read!
  • John Corey Great Character
  • Night Fall
  • Amazing read
Night Fall
Nelson DeMille
ProductGroup: Book
Binding: Hardcover
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ASIN: B000EHSMJU

Amazon.com

John Corey, former NYPD homicide detective, assigned to the Federal Anti-Terrorist Task Force in the pre-millennium 90's, makes a return appearance in a thoughtful novel offering an alternative to the government's "official" position on what really happened to TWA Flight 800, which crashed off the Long Island coast in the summer of 1996. Accompanying his wife Kate to a memorial marking the five-year anniversary of the crash, Corey's curiosity is aroused by what appears to be a concerted effort by Kate's fellow federal agents to keep him--and her--from investigating a case that appears to be closed. Corey's detecting skills lead him to two witnesses to the crash, who were enjoying an adulterous interlude on the beach at the time the plane went down--and videotaping their sexual escapades while what appears to be a terrorist missile attack takes place in the background. What ratchets up the tension in this capably written thriller is what the reader knows but Corey doesn't as he heads for a showdown with those responsible for the official cover-up as the clock ticks down to the morning of September 11, 2001. DeMille's deft touch with a riddle wrapped in an enigma--what really happened to Flight 800--makes his "what if" scenario a more than plausible theory; you don't have to believe in conspiracies or government cover-ups to find his latest engrossing, entertaining, and enlightening. --Jane Adams

Amazon.com Exclusive Content

Nelson DeMille on Night Fall: An Exclusive Essay

It was a true story, the explosion of TWA Flight 800 off the coast of Long Island in 1996, that inspired Nelson DeMille to write the fictional Night Fall. Read this Amazon.com exclusive essay for insight into the coincidences that made this tragedy a subject DeMille couldn't ignore.

Book Description

On a Long Island beach at dusk, Bob Mitchell and Janet Whitney conduct their illicit love affair in front of a video camera, set to record each steamy moment. Suddenly a terrible explosion lights up the sky. Grabbing the camera, the couple flees as approaching police cars speed toward the scene. Five years later, the crash of Flight 800 has been attributed to a mechanical mal-function. But for John Corey and Kate Mayfield, both members of the Elite Anti-terrorist Task Force, the case is not closed. Suspecting a cover-up at the highest levels and disobeying orders, they set out to find the one piece of evidence that will prove the truth about what really happened to Flight 800-the videotape that shows a couple making love on the beach and the last moments of the doomed airliner.

Customer Reviews:

1 out of 5 stars Most Disappointing.......2007-09-30

Wow ! I've read a lot of fiction. This book was a total waste of time. The book is about 650 pages (he could have pared it down to 300 w/o wasting any meaning whatsoever. After reading for an eternity, the plot was so disappointing I was annoyed at myself for wasting my time. I was waiting for resolution between the characters, for all to be revealed and justice done.... instead it felt like the author just gotlazy at the end and killed off everyone in one felt swoop. Shame on you.

5 out of 5 stars Suspenseful, worth the read!.......2007-09-20

This is my first DeMille, and it won't be the last. It really made me stop and question the account of what happened to TWA 800. Too many people saw SOMETHING, and the answers weren't exactly enlightening. I wish we could've known the motives of the "bad" guys, and although I knew we were leading up to Sept. 11, the actual ending SHOCKED me - never saw it coming. Some reviewers have criticized what they thought was his confusing Sept. with November because he mentions elections, but he said it was primaries, not a general election. All in all, a GREAT read!

5 out of 5 stars John Corey Great Character.......2007-09-15

Nelson DeMille's writing style is great. I have read 2 books, this and Wild Fire with John Corey as lead character! This book was fair and balanced about the Flight 800 tragedy. I too believe it was a missle shot from the GROUND up and the possibility was very realistic to me even after all these years. The character, Nash and his disappering act makes sense to me also. I'm a avid Mysery reader and while this book could use more suspense, it really kept my attention all the way through as did 'Wild Fire'. My hope is that DeMille will write more books with the lead character, John Corey and his wife!

5 out of 5 stars Night Fall.......2007-09-05

This was absolutely spellbinding. It held my attention through the whole book. The characters were charismatic and interesting.

5 out of 5 stars Amazing read.......2007-09-05

DeMille starts off by explaining that he has taken certain literary license with the facts of the TWA 800 crash. The book was suspenseful and addictive. If you don't read this book, you're really missing out. The best part is, you'll never see the ending coming.
The Second Great Depression
Average customer rating: 4 out of 5 stars
  • A THESIS OF EXCELLENCE ON HOW DEPRESSIONS HAPPEN
  • Dated and not so great
  • Debt on top of debt as we survive on a sort of "flywheel" effect. (but when happens when they call in the loans?)
  • Very worthwhile reading
  • Convincing!
The Second Great Depression
Warren Brussee
Manufacturer: Booklocker.com, Inc.
ProductGroup: Book
Binding: Paperback

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ASIN: 1591136881

Book Description

This frightening book shows how massive consumer debt will trigger the next depression, starting in 2007. With interest rates increasing, savings rates near zero and debt at its maximum, people will be pushed over their debt limit, causing the depression.

Customer Reviews:

5 out of 5 stars A THESIS OF EXCELLENCE ON HOW DEPRESSIONS HAPPEN.......2007-09-09

A Timeless work of Mastery in that it exposes what will be obvious in a few months to years. Based on concrete fact the conclusions support the facts. A Brilliant Writ which should be in every Economics class from High School to College!
A must read from the young entrepenuer to the MBA.
What the Government wishes to avoid is the harsh reality of impending Depression. After a brief dicussion with the author I can state he is a solid concrete thinker. I have injected thoughts of Taxflation (TM) which are sure to happen. I hope for sequele where the author can expound on defensive manuvers. One which I thought of is the "Roth Shuffle" (T.M.) about to take effect where 401 K's, IRAs and Sep Iras can be converted and taxed up front removing the Draconian "Taxflation" T.M. from future years of the Next Great Depression.
This gives more leverage to the author's well done tables of pension and investment income preserved by TIPS. Don Iden MD,FAAD,FABD,Mayo Clinic Alumnus. 4521 S Staples Street Ste 100 Corpus Christi, TX 78411-2603

1 out of 5 stars Dated and not so great.......2007-03-15

This book doesn't really contain anything I didn't already know from books like "Empire of Debt" by Bonner and Wiggin. The latter is a much more well researched and well written book in addition to being more current. I would recommend it instead if you haven't read it. This book at hand had mediocre writing and some arguments that were crankish, especially the ones regarding investing in the stock market. It has many charts but most of them are rather obvious from the text and often unnecessary. Much of the data tables are things anyone could crank out on a spreadsheet program with ease and are embarrassingly simplistic at times. I do not recommend this book.

4 out of 5 stars Debt on top of debt as we survive on a sort of "flywheel" effect. (but when happens when they call in the loans?).......2006-11-21

Being an Engineer myself, I appreciate his approach to analyzing a problem and breaking it down into parts. I think the data he has pulled together is very relevant, and his conclusion make sense. (I only wish they did not)

The world assigns a certain "value" to everything, and the value we have as a country is that of a consumer. Without our consumption, these fast climbing countries would NOT be able to grow their production capacity. (their own value)

The problem is that we are such poor savers that these "growing" producers are actually loaning us the money to buy their goods! in doing so, they are handing us the rope to hang ourselves!

If and when they build up enough wealth and consumption in their own society that they do not need us.....they will cut off our allowance and expect us to pay them back....then what?

This book has a similar view of our problems as another book I read called "Three Billion New Capitalists", though the author of that book was the Counselor to the Secretary of Commerce under Ronald Reagan. So while that book talked with quite a bit of first-hand knowledge, Mr. Brussee lookst at the same situation by analyzing all the data that is available to each of us...except he pulls it all together and makes sense of it.

I think Mr. Brussee has a more negative outlook for the situation, though I don't think either book paints a rosey picture of how our debt and imbalance of trade is doing anything by killing our value/worth to the world.

Both of the above books are worth the price and I suggest you read both books.

4 out of 5 stars Very worthwhile reading.......2006-11-10

The author offers fairly complelling evidence for his prediction - I have actually checked the Personal Savings Rate [...] and found that his prediction in that area is still holding firm. Recent (Nov '06) news reports also agree that the public debt is reaching unsustainable levels. Now the stock market is going even higher (read over-valued) so we have a situation that appears to be just the scenario that the author paints.
The book is fairly dry but unfortunately the bare facts usually are.

5 out of 5 stars Convincing!.......2006-06-12

Based on clear analysis of economic facts, Brussees conclusions are very convincing. Get ready!
Max Otte, Ph.D.
Professor of International Business
Telecom Crash Course, Second Edition
Average customer rating: 4.5 out of 5 stars
  • Wonder world of telecommunication around you
  • good, but may be overkill for some
  • Everything's here...you just have to find it!
  • Excellent Introduction, in the opinion of a Telecom newcomer
  • Excellent Telecom Overview
Telecom Crash Course, Second Edition
Steven Shepard
Manufacturer: McGraw-Hill Professional
ProductGroup: Book
Binding: Paperback

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ASIN: 0071451439

Book Description

This unique book serves as a readable, holistic introduction to telecommunications. Far more than an acronym-studded quick fix, Telecom Crash Course is a true tutorial that offers context, connections--and humor-- to teach the importance of key technologies. Author Steven Shepard, an accomplished writer and teachers, uses lively stories that deliver important points about the markets that drive the technologies. He provides not only rigorous technical accuracy, with explanations of each technology's economic importance, but a market and customer-focused analysis of the use and business significance of each technology – and how they relate to each other.

Customer Reviews:

4 out of 5 stars Wonder world of telecommunication around you.......2005-08-12

The book, in my opinion, will be useful to the people not having a technical education and working in sphere of telecommunications and allied industries; for the beginners, wishing to expand the knowledge; for the employees responsible for administration of telecommunication services of the organizations; for managers on sales, marketing, management of projects, and also telecommunication managers and managers of a high level.

4 out of 5 stars good, but may be overkill for some.......2005-07-13

I really enjoyed this book, especially the anecdotes in the introduction, but I can't realy see alot of applications for a "crash-course" that is this long. There are many situations I can envision where someone would need to learn about telecom networks quickly, but they probably wouldn't need to know many of the intricacies that Shepard deals with and they almost certainly wouldn't be interested in his anecdotes and discussion of undersea cable laying.

However, I don't know of any other comprehensive book like this so it may be your only option. Either way I certainly enjoyed reading it and intend to buy his other books, but to read at my leisure.

4 out of 5 stars Everything's here...you just have to find it!.......2004-10-12

Telecom's Crash Course is an excellent compilation of all major facets of the Telecommunications industry. As someone who monitors foreign investments into the US technology sector, I've found this both an excellent primer for newbies as well as a very helpful resource to those who have been doing this for a while.

The PROS: The book is comprehensive and walks through the very tactical level, detailed explanation of specific technologies and the many ways that a given portion of data can move across the planet. If you're new to the field, reading this book is the cheapest and fastest method to be armed with a semi-comprehensive knowledge spanning the industry.

The CONS: I can see how people could say that this book gets lost in the weeds because the explanations are sometimes extensive, detailed, and probably don't fit the bill if you're looking for a book covering the overall trends present in the telecoms market. If you're looking for a "big concepts" book only, this isn't for you. Reviewers commenting on the book's lack of focus were probably hoping primarily for a "here are the major trends in the industry" and not an industry technology primer, a "crash course" in the industry.

Buy the paperback. It's a bit of a painful read in places, but hey, this is Telecoms, and it doesn't get too many people hyper excited--if you're buying a book called "Telecoms Crash Course" and expecting a nail-biting thriller, you probably have some misplaced expectations! Enjoy.

5 out of 5 stars Excellent Introduction, in the opinion of a Telecom newcomer.......2004-07-16

This is a fantastic book if you want an overview that focuses on technical and some business aspects of telecommunications, and are someone that enjoys reading more techie-oriented material. (For the record, I am an MechE by training who is now working for one of the companies mentioned in the book, so this really was my entire Intro course to Telecom, and I plan to continue my learning. This book was an excellent guide for future, more in-depth subjects to pursue.)

The book does an excellent job of being ubiquitous and covering all the aspects of the telecom field that you've ever heard about. At the same, I found it easy to skip around in reading chapters, based on my own priorities in buying the book. The chapters are divided very logically into sections on the Telephone network, Access technologies, Transport options, Protocols, etc. (if you have no idea what I'm talking about, you will after reading this book :).
One of my favorite aspects of the books is that the author is very good at using diagrams to supplement his text, which can be rare in more engineering/technical books. The whole picture-worth-a-thousand-words idea, especially if you take the time to go through the diagrams.
Yes, the text can require a few read-throughs - but telecommunications itself is a dense field that really requires one to be patience in reading and gain understanding of the technology. There *is* a lot of detail stuffed through out the chapters, and perhaps not everyone will care to know everything -- but that is alright, there is no harm in skipping the nitty-gritty of sections that do not interest you.

Please, please, please do not let the bad reviews of this book discourage you from checking it out. I just finished reading the entire book, and wanted to log on to share my high opinion of it.

4 out of 5 stars Excellent Telecom Overview.......2004-01-25

As an industry outsider with limited technical experience, I found this book informative, easy-to-follow, and entertaining. My compliments to the author for a job well done.

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