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Summary: Bear Market Guru turns Doomsayer & Shills for his Own Company
Comment: Peter Schiff is a professional doomsayer who strongly makes the case that the American economy is going to hell in a hand basket. Fast.
He lays out this case in his book, CRASH PROOF. Given the backdrop of recent months, it is hard to say he is wrong. The book came out @ February of 2007 so Schiff is prescient in a number of realms.
If doom and gloom is your cup of tea, you have come to the right book. Schiff sees over consumption, inflation and misguided government policies as providing a recipe for economic and financial disaster. My gripe is that the book's title oversells and does not really constitute truth in advertising. I estimate that only about one-fourth of the book is prescriptive in offering ways to "crash proof" yourself and your finances. Schiff's solutions revolve around three themes: invest in foreign securities, buy gold and maximize your liquidity.
It just so happens that Schiff's firm can address the foreign securities need and he peppers his final chapter with "plugs" for his investment company.