What do you think?
Rate this book
The Great Reckoning: Protecting Yourself in the Coming Depression
In this book, Davidson and Rees-Mogg offer their predictions: the collapse of the welfare state worldwide; the Japanese stock, bond and real estate markets will continue their uncontrollable downward spiral, and Japanese banks will face enormous losses.
The revised edition of The Great Reckoning provides hundreds of investment tips and forecasts as well as fifteen ways to build a solid financial foundation.
The revised edition of The Great Reckoning provides hundreds of investment tips and forecasts as well as fifteen ways to build a solid financial foundation.
608 pages, Paperback
Published January 10, 1994
6 people are currently reading
440 people want to read
About the author
James Dale Davidson
41 books162 followersJames Dale Davidson is an American writer and private investor. He specializes in the domain of economics and finance. Davidson had a successful career as a financial advisor, and in the year 1969, he established the National Taxpayers Union. James Dale Davidson was an alumna of the Oxford University. He pursued an undergraduate degree in the institution. As of now, we aren’t aware of any additional details about his education.
Currently, Mr. Davidson holds the position of Co-Editor in the department of Strategic Investment at Banyan Hill Publishing. He retired from the world of investment in the year 2004, only to eventually return to the firm.
He has spent a significant part of his life discussing about an overreaching government. He is best known as an economist and financial predictor, who allegedly predicted every significant financial event since the last thirty years.
Currently, Mr. Davidson holds the position of Co-Editor in the department of Strategic Investment at Banyan Hill Publishing. He retired from the world of investment in the year 2004, only to eventually return to the firm.
He has spent a significant part of his life discussing about an overreaching government. He is best known as an economist and financial predictor, who allegedly predicted every significant financial event since the last thirty years.
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
Displaying 1 - 6 of 6 reviews
October 21, 2018
"§ 7. Muhammad Replaces Marx" (from 2 min book overview) + my previous experience with the "Blood in the Streets" book, made me want to read that one.
"The Great Reckoning."
I was surprised - how much wisdom I found in the book of the "outdated" forecasts.
There is an excellent content beyond 1990. The content I was happy to reflect upon. For example:
§ 8. Linear Expectations in a Nonlinear World.
§ 10. Drugs, Delusions, and the Imperial Culture of the Slums.
Some predictions and observations made me laugh.
For example, authors mention that "consumptionism" is a dying trend. Even so, stating: "Various surveys have shown that as many as one out of six persons in America prefers shopping even to romantic love."
Consumerism hardly leads to long-term satisfaction. Yet instead of dying, it boosted such ideas as minimalism and/or essentialism.
What could be better with that book?
This time I hated the style of the authors. Depression and the financial doomsday shadow is all over the book. Some pages could be reduced by 80-90% without the loss of the message.
Most of the days I could only read a few pages a day (before I would switch to another book). Plus - there are advertisements inside. More than needed for the (self) promotion.
If you decide to read it, then be ready to find gems in a stack of hay.
"The Great Reckoning."
I was surprised - how much wisdom I found in the book of the "outdated" forecasts.
There is an excellent content beyond 1990. The content I was happy to reflect upon. For example:
§ 8. Linear Expectations in a Nonlinear World.
§ 10. Drugs, Delusions, and the Imperial Culture of the Slums.
Some predictions and observations made me laugh.
For example, authors mention that "consumptionism" is a dying trend. Even so, stating: "Various surveys have shown that as many as one out of six persons in America prefers shopping even to romantic love."
Consumerism hardly leads to long-term satisfaction. Yet instead of dying, it boosted such ideas as minimalism and/or essentialism.
What could be better with that book?
This time I hated the style of the authors. Depression and the financial doomsday shadow is all over the book. Some pages could be reduced by 80-90% without the loss of the message.
Most of the days I could only read a few pages a day (before I would switch to another book). Plus - there are advertisements inside. More than needed for the (self) promotion.
If you decide to read it, then be ready to find gems in a stack of hay.
August 26, 2008
This book is alarmist and off by more than 10 years, but it is very prescient in the sense that it mirrors what's happening now and what may happen in the near future. Depressing!
July 18, 2013
While a fair portion of the book is out of date, the strength of the book is in explaining the major forces at work in society.
December 18, 2021
Read this LONG ago.
It is hard to know just how long physical cycles will be.
But in general he nailed it if not specifically as to dates and what would happen.
Senile Joe 'the big man' Biden will certainly bring about the collapse of the usa soon.
We might delay it some but it is coming.
It is hard to know just how long physical cycles will be.
But in general he nailed it if not specifically as to dates and what would happen.
Senile Joe 'the big man' Biden will certainly bring about the collapse of the usa soon.
We might delay it some but it is coming.
Read
January 26, 2020Indispensable information for surviving and prospering in a time of economic crisis...
October 26, 2017
Good food for thought, entertaining, but not directly useful anymore (predicting what the 1990's will be like -- and they weren't correct often).
Displaying 1 - 6 of 6 reviews