How to Profit from the Y2K Recession: By Converting the Year 2000 Crisis Into an Opportunity for Your Investments and Business

by John Mauldin

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• Format: Hardcover
• Language: English
• ISBN: 0312207069
• ISBN13: 9780312207069
• Release Date: January 1999
• Publisher: St. Martin's Press
• Length: 333 Pages
• Weight: 4.05 lbs.
• Dimensions: 1.1" x 6.4" x 9.5"

Customer Reviews

Thorough, prophetic, thought-provoking- -he educates!

This is the book I've been looking for to pull into focus what's happening and what could happen regarding the Y2K problem. Mauldin eloquently, yet in easy to understand language, explains the world of high finance--from stocks and mutual funds to bonds, gold, silver, CD's, money market funds, and hedge funds in general and in specific to the Y2K problem. He explains how it all effects the average person--he even provides a scenario for a married couple in their forties, who need to prepare for Y2K, and then another for a couple in their 50's in addition to what your business can do to prepare for the worst. This book provides a guide for everything from money and finances to storing a little extra water and food, candles, and medicine in the event of an extended outage of services and the percentage of the country that most likely would be affected. He discusses politics and economics, "pulling no punches" regarding dangerous philosophies of isolationism. He has a deep sense of history that colors his opinions of our Fed. political/economic policies and the world as a free market. His logic will challenge you to think and act responsibly in the face of the Y2K unknowns and possible chaos. If you read any Y2K book, this one should be your first choice.

A "how to" book for investing in the Year 2000!

John Mauldin's book gives a step-by-step account of why he feels that the Y2K computer bug and related issues will result in a recession. He has a reasoned approach, unlike the gloom-and-doomers. His financial advice is well-reasoned and good advice regardless of how bad the situation gets. His approach does not depend upon the end of the world, but instead, as Mauldin points out, "this will just be a recession." Yet, he details changes in investment portfolios that will be necessary this year in order to avoid being caught up in the changing situation. I highly recommend this book as a guide to understanding the economic and investment landscape as it pertains to the Y2K problem.

Very practical & useful - if you believe in a Y2K recession

Most investment books give theoretical information without many specifics. Mauldin does an excellent job of providing facts, details, recomendations, and even a glimpse of his personal investments. Now that is putting your money where your mouth is. If you believe in the premise, and Mauldin provides a good case why you should, then you'll love this book. If you you do not then at least you'll learn some good down-side investment strategies. Very few resources show you how to make money in a down market or give you a strategy for winning on the Don't Pass Line.

A measured, sensible, detailed book on Y2K and your money

Unlike most of the apocalyptic Y2K books, this one focuses on the personal finance and business consequences of Y2K. It's not about stockpiling canned goods and going off into the wilderness--to the contrary, it's much more optimistic, albeit cautionary, about the impact of Y2K on everyday life. Mauldin persuasively analyzes Y2K preparation (or lack thereof) in America and abroad; he predicts that the economic and financial problems will stem largely from overseas difficulties (ie. bank failures, business failures, disruptions of imports and materials and goods manufactured abroad), rather than from major US problems. Indeed, Mauldin sees the biggest y2K related problems in US government agencies (despite the recent report about 92% preparedness, which is b.s.). And so while he does forecast a turn downwards in the stock market, as well as significant numbers of failures of small businesses that cannot handle a disruption of say 2-5 months, he does not believe that the US will suffer an economic catastrophe or another Great Depression. This is a good book to read if you want to find some specific recommendations about what to do with your money over the next couple of years, both leading up to and following on from Y2K. It's also a book for small businesspeople who want to prepare themselves for potential disruptions in their business and their communities.

Important insight from a very knowledgeable source.

This book offers a very rational and balanced analysis of the Y2K problem. Mauldin, a leading Y2K authority, has done his homework! He cites a great many sources on the nature of this problem, exploring fully the positions of both the Y2K Alarmists and the Business-As-Usual Crowd.After reviewing the progress (or lack thereof) by various industries and economic sectors, Mauldin gets to the heart of this matter, explaining how the various Y2K problems will impact the economy. He also details, quarter by quarter, what he expects to unfold during the next two years.Armed with his extensive research and analysis, Mauldin then delves into the investment implications of Y2K, as his book title would certainly imply. His carefully drawn conclusions provide a welcomed respite from the current popular extremes of pending catastrophe versus head-in-the sand complacency.Forwarned is forearmed. Better read the book!