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Worth buying and reading, a solid 3 stars (I'm a tough grader): There are a number of books on the market with similar themes, ie. the falling US Dollar, the trade deficit, the rise of China and India, the scarcity of commodities, etc. The case is persuasive and while noone can predict the future with certainty, preparing for these untoward possibilities or even profiting from them is worth reading about. The book is lively, interesting, informative, even if you are familiar with these arguments. I purchased the book from amazon.com and have since given the copy to a good friend. In some ways, we seem to be on the verge of a similar condition that took place in the 1970s, but today one can prepare through exchange traded funds and other vehicles that did not readily exist back then. History tends not to repeat exactly, so my thinking is that there will be some unexpected twists and turns, however I think it would be wise for most investors to read this book, especially if one is not diversified into commodities, raw materials, foreign equities, etc.
A disappointment: The book uses almost two hundred pages to state that you should invest using ETF's, that China will grow for many years, that dollar is going down due debt, that oys should use call options when prices rise and put options when they decline. Constant repetition of these same simple ideas throughout the book. I do not know who this book is for, serious investors will learn nothing new and beginning investors certainly should not invest via options.
Good general concepts and strategic themes but lacks punch: Overall I gave this book 3 stars because of the strategic thinking ideas - and that as investors of th 21st century, we must look out for bull markets EVERYWHERE in the world. I would divide the book into 2 parts - ETFs and China. The first portion being a strategic overview and the use of 'precision' insturments like ETFs. That alone is worth reading especially since this class of investment vehicles are likely to grow immensely in the future. The next portion describes why the author thinks China will dominate the global landscape this century. The fact that the chapter describing India blended into a description of Chinese dominance made no doubts as to the author's orientation. Good book - not great though
dollar index versus bond yields: On page 46 of the book: A Bull Hunter, Dan denning wrote "The less investors like the dollar, the more they're going to demand higher interest payments from the US government" in simple terms: dollar index UP, bond price UP and bond yield down dollar index DOWN, bond price DOWN and bond yield UP for the first period of May, 2004 of Fig 2-1, US Dollar Index made higher high than the entire year of 2004. In other word, the trend of the Dollar Index in the first five months of the 2004 was uptrend. Whereas, in Fig 2-2, page 50, the bond prices were falling in the period April-June, i.e. higher interests. further, for the rest of the 2004, TLT price was in uptrend, in other word the interest must be DOWN. If the statement is true then the dollar index should be UP. But the Dollar index figure 2-1 showing a down trend. The choice of these two graphs proves the statement is wrong and the BED index is totally NOT Usefull at all
ETF's to the moon: If you don't know what an ETF is, which would make me wonder what planet your from, this is a great book for you. It has a vast knowledge of several different areas that are key looking ahead into the future.
| Author: | Dan Denning | | Binding: | Paperback | | Dewey Decimal Number: | 332.0415 | | EAN: | 9780471787228 | | ISBN: | 0471787221 | | Number Of Pages: | 225 | | Publication Date: | 2006-05-26 |
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