I have finally finished reading Michael Panzner's new book entitled 'When Giants Fall' for the second time no less ! It is not often you come across a book from an author that is worth reading twice, let alone back to back treats but this is EXACTLY what Mike has provided us with the follow up to his must read best seller, Financial Armageddon.
I can attest that Mike's latest endeavour was well worth this 2nd read effort. Now, unless you have been living in a cave, most are well aware of Michael's spot on best seller Financial Armageddon and his blog which also goes by the same name. If not, the book should be on your 'to do' list and his blog on your daily read list.
Mike took a lot of heat with that first book's title from many in the mainstream, big advertiser bought and paid for, financial media. Mainly out of jealousy and partially for it's, in their opinion, over the top, alarmist title. Little did those masquerading as financial journalists and pundits realize how spot on it would be.
Did you really expect anything less from the regular hear, see and believe no evil, pollyannic, follow the yellow brick road crowd led by the Pied Piper himself Larry Kudlow ? Funny how spot on Michael has been over and over and over again yet I don't seem to see him on that esteemed propagandist's evening show any more? I am open to explanations from that self proclaimed Great American himself but I digress. This post is not about him, it is about Mike's latest literary contribution, When Giants Fall.
This latest contribution from Mike Panzner to the speculating community, and yes we are all speculators as an investor is a speculator who has made a mistake (re:loss) and not admitted it as of yet, is yet again must reading!
Michael pulls no punches as he walks the reader through the global socio-economic domino deterioration that is in progress. I could wax on about all the insightful points Mike makes in the book but I will leave it to you to get off your seat and purchase the book immediately and read it post haste. I cannot recommend it highly enough!
I counsel doing this for as the facts have made abundantly clear, not reading and more importantly heeding his first offering Financial Armageddon was extremely damaging to your financial well being. Ignoring his second offering could be even more damaging, though this time to your physical well being.
I cannot recommend When Giants Fall highly enough. Go out and buy a copy. Do it for yourself and if not you then for your family. I would also suggest you go one step further and purchase a copy for a close friend or relative. I want to be clear here I receive no renumeration in any way shape or form from the author. I do this in an attempt to put forth material which can help you be prepared for what might be on the horizon.
To be frank, deep down this speculator/blogger is hoping and praying the Mike Panzner is completely and utterly wrong in his analysis and argument. It would be better for us all if he were. But as anyone with a room temp IQ should know, which this blogger/speculated possesses, hoping and praying is no way to navigate what lies ahead and is best used in rooting for your favourite sports team.
Again, I truly hope that When Giants Fall is completely wrong but I fear thought that Mike will be correct once again. Forewarned is forearmed as one can now at least take necessary precaution and do something about what lie ahead. When Giants Fall minces no words so consider yourself forewarned.
Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".
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