Contents
Reviews Appearing after CTC was Published
Conquer the Crash woke me up to the realizations of long term changes in the economy and how they affect everyone, regardless of what news or goverments try to do. Before we had read the book, we had some money in savings and a house, car payment, some debt but no real direction of how to use money or avoid the mistakes with money. Since Conquer the Crash , we are now 95% liquid, sold our house at what I believe is the top of the housing market, and are living well below our means with almost 10 times what we started with in savings. I just wanted to give you my heartfelt thanks BEFORE the crash and your predictions come true (which I believe they will).
Kevin McGlothan, email
I can understand the deflationist warnings of Robert Prechter, the Dean of the Deflationist School. His book, Conquer the Crash , is the ultimate reference book on deflationThe Deflationist Bible. The general importance of the inflation-deflation debate lies in its investment implicationsinflation means investing in one set of assets, and deflation in a different set of assets. Assets appropriate for an inflationary environment can lose dramatically in a deflationary environment. The opposite is also trueassets appropriate for a deflationary environment can lose value dramatically in a inflationary environment. Whether one believes in a coming deflationary depression or not, one must nevertheless read the book and understand its arguments.
Krassimir Petrov, PhD (blog)
Most of what we read about in the financial columns today was brilliantly explained by Robert Prechter in his best seller of 2004 [paperback edition], Conquer the Crash . His explanation then of the likely unfolding of events is closer to what is happening right now than any other commentator present or past.
Bill Bonner, quoting a reader from Australia, Bits of News
The chapter on real estate was particularly prescient [in explaining] the games played by banks, mortgage brokers and property appraisersthe no-money down loans, the juiced up home valuations, the home equity withdrawals that were bigger than properties were worththat made the credit binge possible. And there was this warning: Financial institutions that invest in mortgage-backed securities will surely regret it.
The good newsif you can call it thatis that when the economy, the stock market and real estate finally hit bottom, theres going to be one heck of a buying opportunity. Even Mr. Prechter agrees on that. So it wouldnt hurt to keep some cash on hand, just in case he turns out to be right.
John Heinzl, Globe and Mail
Prechter is a stock market technician who analyzes historical stock prices and patterns using the Elliott Wave Theory. In 2002 he wrote a book titled Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression . In it he correctly forecast a huge credit contraction, brought on by all the mortgage debt issues that were now facing.
Reading this book today, it seems as if Prechter had a crystal ball. Thats why his current view of the market is so compelling. He says the credit implosion is not finished. Much like Japan, he predicts, well have to live through a long period of declining assets, summed up in one word: deflation.
Terry Savage, Chicago Sun Times
I looked into Robert Prechters forecasts once I learned that early 2007 is when he positioned his subscribers for a stock market top. I read Conquer the Crash , and I have never been so riveted with a non-fiction book in my entire life. He describes things that had already begun to happen, and he wrote this book in 2002! Conquer the Crash describes how we get to, what will happen, and how to survive a deflationary depression.
David Brown (blog)
I have to shut my mouth around people who have lost 50% while I have gained 100% in one account. Do yourself a favor and read Conquer the Crash without delay.
Biotechmgr (blog)
Call him the ultimate contrarian. He is one man who did not flinch in the face of overwhelming majority of market commentators who predicted soaring inflation following the credit-awash policy central banks chose to drown the world in. Instead, he was steadfast in his belief that the outcome would be far more dangerous, i.e. deflation. The script he laid out in his book Conquer the Crash in 2002 has vividly played out since August 2007 as the credit implosion finally reared its ugly head.
Outlook PROFIT
I like the book Conquer the Crash by Bob Prechter and have been recommending it to people for years. Rooted in decades of serious research, published in 2002, this book was a frighteningly accurate predictor of the 2008 crash. It explains the big picture of how economic conditions ebb and flow over time, how to profit from them and how to avoid getting caught in the inevitable squeezes that wipe out the unwary (i.e. 99% of the world.)
Ken McCarthy, Independence Day Blueprint
Six years from his being a voice in the wilderness on deflation, most has come to pass now. It is frightening, even for the prepared.
Tom McGraw, email
I recently had the good fortune to attend a lecture given by Bob Prechterhis purpose was to update his 2002 book, Conquer the Crash . Prechters brilliant insight is to note that the laws of supply and demand cannot be properly applied to the financial markets because there are no producers to provide the supply curve required for establishing price equilibrium.
Neither prophets nor intellectual iconoclasts are often honored in their own time. Fortunately, as befits a man focused upon the future, Prechter has responded to this challenge by laying a solid, methodological foundation which can readily be built upon by others interested in following in his footsteps.
Vox Day, WorldNetDaily
Robert Prechter of Elliott Wave International and the leading proponent of socionomics (social mood determines events, rather than the other way around) has been, in my mind, one of the only analysts/pundits/economists out there who has legitimately called both the deflationary credit crisis and the ensuing rally that we are in now. His unique method tracks the stock market as a barometer of social mood which patterns itself in distinct formations representing fear and greed. The reason I believe that Prechter has been nailing the tops and bottoms of the last few years is because of his contrary position as to the causal nature of social and economic events.
Matt Stiles, Futronomics
Reviews Published with Original Edition
Bob Prechters new book, Conquer the Crash , provides a wealth of self-help dos and donts. Its a must-read book, which Im personally putting on my gift list for friends and loved ones.
Martin D. Weiss, Ph.D.
author of the national best seller, The Ultimate Safe Money Guide
This is the most crucial financial period in your life. This book explains why. It also tells you what you should do about it. If you want to preserve your wealth, I urge you to follow Prechters advice. You will be grateful that you did.
Ian Gordon
The Long Wave Analyst
Conquer the Crash provides disciplined investors with a map, compass and survival guide. Dont leave home without it.
Henry Van der Eb
President, Gabelli Mathers Fund
A compelling exposition of how both the mechanics and the psychology of the business cycle can be encapsulated in market analysis.
Sean Corrigan
Capital-Insight.com
Prechter knows the facts like few others. Read his forceful argument carefully. It can save you from financial loss.
James R. Cook
President, Investment Rarities
Conquer the Crash is an awesome piece of research based upon intellectual integrity, profound realism and logic. The book lays one of the essential cornerstones of capital preservation. If you argue with its premises or dismiss its conclusions, the price could well be your permanent loss of wealth.
