- Hardcover: 444 pages
- Publisher: Birch Lane Press; Subsequent edition (24 Mar. 1994)
- Language: English
- ISBN-10: 1559721774
- ISBN-13: 978-1559721776
- Product Dimensions: 3.8 x 15.9 x 23.5 cm
- Amazon Bestsellers Rank: 85,186 in Books (See Top 100 in Books)
- See Complete Table of Contents
CRISIS INVESTING FOR REST 90'S CASEY DOUGLAS Hardcover – 24 Mar 1994
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Discusses the state of the financial world and suggests sound investments for the 1990s.
Most Helpful Customer Reviews on Amazon.com (beta)
But seriously, how should one invest?
The road to hell isn't paved with gold, it's paved with faith. Faith in a dollar that's backed by a belief that people have faith in other people's belief in it.
The Bernank might not be able to grow our economy, but he can sure grow a heck of a beard.
I agree with Casey that the US economy is overregulated. Consequently, the market has more distortions than a house of mirrors, and its body image should be suffering for it. America is morbidly obese, yet she dresses in skin-tight hot pants as though she were Twiggy at 20.
If you want to know what to invest in and why, not specifics, but more the fundamentals, then this book is definitely for you.
Or, take the following comment found on p. 62: "The major long-term trend of society is toward decentralization and smaller-scale organizations . . . More and more Americans will see the government as meaningless and irrelevant, as serving no useful purpose." How I wish this prediction had come o pass. Sad to say, the role of the civil government in our lives has increased in the two plus decades since Casey penned these words.
So, if Casey turned out to be wrong with these (and other) predictions, why is this book worth four stars? Because he is fundamentally right-headed in his attitude toward the government. In the attempt to regulate the economy the government simply gets in the way of growth. However, as our sources of information become more ubiquitous and decentralized, the government has less power to control what we know and think. Ultimately, this is what will save us from government regulation, assuming that we have the strength and desire to resist.