Crashes - Why They Happen - What to Do

London: Sidgwick and Jackson, 1988 From dustjacket flap: Until the Crash of October 1987, the world's investors believed that there could never be a repeat of 1929. But Bob Beckman knew the bubble was about to burst. He repeatedly warned his millions of followers on TV and radio and in the press, and while other investments collapsed, his £30 million unit trust actually rose. With one reading of Crashes, you will know the real reasons behind the Crash of 1987 and what will happen in the world's financial markets now. The key to Beckman's astonishing track record in forecasting the future with uncanny accuracy, is his profound knowledge of all the previous crashes. He refused to be lulled by the specious explanations offered for the Crash of '87 and the partial recovery: he found it far more useful to look at earlier financial fiascos like the tulip mania in 16th-century Holland where a mass of people turned speculator, selling their homes, their farms, their livestock, just to buy tulips, as the price of tulip bulbs rocketed. The Crash of '87 and the inexorable chains of events which are following in its wake, repeat very precisely the patterns of every previous crash. Beckman analyses the eleven great crashes of recent history from tulip mania and the South Sea Bubble through the Chicago Property Crash and the Wall Street Crash to the Second Line Banking Crash and the Crash of '87. With the mysteries of these wild market gyrations revealed, his final chapter shows how you can not only survive, but also profit from the latest collapse. CRASHES describes a financial world that is moving swiftly and alarmingly. Anyone who owns shares or a house, or has an insurance policy or a building society account would, in their best interests, be advised to read this book. ------------------------------------- 264 pages with index. Previous owner's name stamped neatly on flyleaf ---------- Orders of $100.00 or more are shipped using tracked courier delivery services. Size: Approx 6½" Wide and 9½" Tall