Book Review: Aftershock

Aftershock
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The authors of Aftershock comprise a team of three: David Wiedemer, Robert A. Wiedemer and Cindy Spitzer. After completing their studies at the University of Wisconsin-Madison, David with a Ph.D. in Economics and Robert with an M.B.A., the two brothers started the economic data analysis and investment-advising firm, Absolute Investment Management. Cindy Spitzer is President of Aftershock Consultants, a company providing investment advice to both individuals and businesses.

Aftershock walks a fine line between plain-speak economic forecasting and extremely assertive (dis)investment advice. As evident from the title, this book delivers a thinly veiled message of fear and panic. There are such section and chapter titles as, “The Bubble Quake,” “Cashing in on Chaos,” and our favorite, “Global Mega-Money Meltdown.” According to the preface, this book was produced as a benevolent effort to bring the collective wisdom of the three authors to the masses to help “protect” people from the impending financial Armageddon.

Considering all three authors stand to benefit from widespread panic regarding another financial crisis (they are all investment advisers), their conclusions must be taken with a grain of salt. Although based largely on investment advice concerning money, bond and stock markets, the authors also touch on U.S. real estate and offer specific tips to those open to all perspectives, as extreme and alarmist as they may be.

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Book Review: Aftershock, 3.3 out of 5 based on 3 ratings
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