I have several issues with this book. The main one was delivery of what was promised. Inside the jacket cover it starts by saying "During these turbulent economic times, with what could be the deepest global recession we've ever seen bearing down on us, the one thing you don't need is another book descibing how we've gotten to this point." 3/4 of the book is describing just that, how we got here. "What you do need are insights into what will happen going forward and how you can use this information to protect what really matters-including the value of your home and portfolio.." The other 1/4 of the book does talk about what the future looks like ... dreadful from Talbot's perspective, but is short on really what to do to protect your portfolio or even make it grow during turbulent times. There are no specific ideas to implement to protect yourself.



The chapter about Credit Defaults Swaps was interesting and what a large problem that is, and I do agree that needs regulation. The 2nd problem was the 3/4 of the book blaming everyone. If you believe the "evil doers" of Bush, Cheney, Haliburton, every profit-seeking corporation in the country, your mother the Realtor, or your cousin the mortgage broker were the cause of this global meltdown you will love this book. Also if you believe that a book researched largely from the New York Times is going to give you a non-partican perspective you will love this book. If you believe how he describes his previous book of Obamanomics, that Mr. Obama's economic policies will right the US economy, bring about housing, banking and energy reform and instigate social change...you will love this book. Wanna buy my copy? What a waste of money and time.

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