"My best guess is that we’ll have a continued recovery, but it won’t feel terrific. Even though technically we’ll be in recovery and the economy will be growing, unemployment will still be high for a while and that means that a lot of people will be under financial stress."
— Benjamin Bernanke, Chairman of the Federal Reserve in a Q&A at the Woodrow Wilson International Center for Scholars
Tonight (Thursday) I am flying to Thailand and will “lose” my normal Friday writing day, so I am going to give you a preview of my new book, Endgame, out and in the bookstores next month. This is the beginning of chapter four, and it stands alone quite nicely. It will print out a little longer than normal, as there are a lot of graphs. My co-author Jonathan Tepper and I deal with why there will be slower growth, more volatility, and more frequent recessions in our future.
And I want to ask a favor of my 1 million closest friends. It’s a long story, but if you pre-order at Amazon or other online stores, there is a high probability that the sale does not count in the NYT bestseller list sales. Besides the small amount of ego involved, making the list will drive sales and major media invitations. I have written the book to try and help foment the various national conversations that must be had around the world about getting our fiscal houses (and sanity) in order. The more people who read this book, the better the chances that something will get done. Or at least that is my hope. So, wait until I tell you it is time to order the book online if you can, or tell your local bookstore to go ahead and get you a copy. That you can do now. Thanks.
Quick note: I will be speaking in Phoenix at the Phoenix Investment Conference & Silver Summit February 18-19, 2011, at the Renaissance Glendale Hotel and Spa. Attendance is free. You can register at http://www.cambridgehouse.com. The conference focuses on metals and mining, and if that is among your interests, check it out.
And now, let’s look at the first half of chapter four of my book Endgame.