Fiscal Hangover: How to Profit from the New Global Economy

by Keith Fitz-Gerald and Florence B. Brawer

Book Overview

The rules of making money have changed-forever With the collapse of investment banks, trillion-dollar-plus government bailouts, and the Dow plunging like a rock, it's never been more important to understand-and actually profit from-the "new rules." Fact is, Fiscal Hangover, will give you an investing blueprint that will allow you to profit from the changing global economy.

For the first time in 200 years, American consumers are stepping...

• Format: Hardcover
• Language: English
• ISBN: 0470289147
• ISBN13: 9780470289143
• Release Date: November 2009
• Publisher: Wiley
• Length: 352 Pages
• Weight: 0.85 lbs.
• Dimensions: 1.3" x 6.4" x 9.3"

Customer Reviews

Excellent Book For Any Investor

Excellent book. Very informative. Rare to find financial book that is enjoyable to read. Have recommended to my financial advisor.

Outstanding book with a great overview and recommendations

After reading many investment books trying to figure out the true direction of the market I came across this book. I have to say that this one stood out from the crowd because of the excellent writing style of the author as well as outstanding analysis of previous and current events leading up to the mess the US is in now. The book gives recommendations for how to safely invest in the world markets in the upcoming decade and backs up his recommendations with very logical analysis and facts. He doesn't say "Buy this stock or this stock" but he recommends classes of stocks in specific world regions and how and when to enter them. I've already read this book once and am getting ready to read it again, it is that good. I like his risk management approach to global investing and am already making changes to my portfolio. I highly recommend this book and will be referring to it often. 5 Stars.

good read

I really enjoyed reading Fiscal Hangover, It was a quick read and covered a fair amount of information. I liked the fact that it gave a bit of a history lesson and related past recessions to the current economic situation. It has definitely opened my eyes to looking east for a more diversified investment strategy.

Good Guidelines to think about in these times.

I received the book, read it one night, re-read it and took some notes in the margins, and placed stars and bar next to some sections of the book which are highlighted already. The highlighted areas, or boxed in areas, and the graphs are the meat of the book. The language in between the highlighted areas gives the details for the assessment in the boxed in statements; so actually you do not need to make notes, but I do so because that is my way to review. Also, he is not alone in his observations. There are three other sites and newsletters I use to get the pulse of the economy, National and Global. Since there is government interference with free market economies, it is important to know what the government in Washington D.C. and in London is doing. For example, if you buy Gold, which I do not do any more, and the Bank of London is told to sell all the Gold it can when it goes over 400 dollars an ounce, and the USA government supports the Bank of London in that move - they did that years back, within the last 20 years and that is why I could not make any money on it - I am competing with the Bank of London and the USA government and I am just a small guy compared to a big government. Had I known that, I would not have bought gold and held it for 5 years, but I saw I was making nothing on the gold. I realized, I needed to know what the governments were doing because we do not have free market economies. In his book, he also talks about three things to know about investing in a country: 1. stable government 2. good economic infrastructure 3.and a fair functioning justice system. He is correct to a T. A bonus in the book is The Rule : Gamblers Ruin. That led me to the Wikipedia and it was found under Probability Theories in Mathematics. You can look it up if you want and read the explanations and see the formulas. In brief, if two players flip a penny to see who will get to keep the penny, the player with 5 pennies had a probability of winning in the 40% range and the player with the 8 pennies in the 70% range: so the player with the most pennies gets to win all the pennies if they play long enough. Each has a chance or possibility of 50% with each flip of the coin, but that is possibility and not probability. Two very different things. If you read the material carefully enough you will understand why this is important if you want to make money on your investments. He also spoke about the old adage of "Buy and Hold" and how it really is not a wise thing to do. His explanations are correct from my point of view. Look at it as a farmer might look at it. You have to work the land and look after the plants or your Bonsai. They will not yield if you just put seeds into the ground and forget about them until Income Tax Time. This is really an excellent book for the investor and for anyone who is trying to understand "manipulated financial systems".

Down the Rabbit Hole: From Big Picture to Ben Franklins in the Bank!

This book is NOT for those who cling dearly to the way things were, to a tidy and comfortable USA-centric view of the economic universe. Fiscal Hangover is clearly the work of a thinking man who eschews armchair analysis based on yesterday's models and "common knowledge". Mr. Fitz-Gerald has apparently spent significant amounts of time in the real, as well as statistical, trenches of the new investment frontier and he shares with the reader his spectacular findings in a refreshingly irreverent, fun to read and easy to understand tone that is--well--uncharacteristic of the genre to say the least. If you are looking for an excellent description of how the investment economy really IS and really WILL be, if you are ready for an exciting Panda Punk vision of the wild rabbit hole where the rules are like mutant clones of the ones you know, then this is a MUST READ BOOK. And here is the kicker that will stop your ticker: this book would be a complete success if it simply stopped at the Blue Pill/Red Pill versions of reality. But it also gives some very specific guidelines about what regular mortals like you and I can do to take advantage of this information TODAY! Many times while reading this book I was so revved up I could barely breathe! The message: We can be a part of this jazzy new world, not just passive observers. Are "yuan" the bus, or not? I have never enjoyed a hangover until now, but please note that this is one Hangover that will NOT be cured by the hair of the dog!