Bailout: What the Rescue of Bear Stearns and the Credit Crisis Mean for Your Investments

by John Waggoner

In Bailout , John Waggoner answers the essential questions surrounding recent market catastrophes―from the failure of Bear Stearns to the credit crisis―and reveals how you can protect your portfolio during these turbulent times. Waggoner offers a wide range of strategies to help your portfolio weather this storm, including rebalancing and using foreign currencies, and discusses how Treasury bonds, gold, commodities, and real estate can solidify your financial standing. With the expert advice found here, you’ll quickly discover what it takes to achieve safety and success in today’s volatile market.

Genres: Finance

208 pages, Hardcover

First published January 1, 2008

Reviews

[Cloay · Rating 5 out of 5]

As I live in Asia, am currently reading several books on this financial crisis. I find can be read as novel, its' storey like account make an easy and enjoyable reading. I have learnt what Fannie Mae & Freddie Mac really mean along the process, really interesting. A lot of people's names are mentioned, creating a human-touch, and good starting point for research as well.

On page 149, the following paragraph is worth a lot to ponder:
"... if you talk to your grandparents, however, you'll also find that the best protection against a major economic downturn is not your portfolio, but your friends and family. During the Depression, people didn't hole up in their houses, horde food, and take potshots at strangers. To the extent that they could, people helped each other through hard times. And in truly hard times, taht's really the best you can hope for."

This book is not only mentioned how it happened, but recommended approaches to tackle them.

I look for to reading the author's other book in the near future.

[Jhett · Rating 3 out of 5]

informative, worth reading