Cover image for Beat the millennium crash : how to profit from the coming financial crisis
Beat the millennium crash : how to profit from the coming financial crisis
Bernstein, Jacob, 1946-
Personal Author:
Publication Information:
Paramus, NJ : Prentice Hall, 1999.
Physical Description:
xxxv, 218 pages : illustrations ; 24 cm
Format :


Call Number
Material Type
Home Location
Item Holds
HG4661 .B46 1999 Adult Non-Fiction Central Closed Stacks

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In this text the author predicts and offers advice on what he sees as the coming millennium financial crisis. He outlines specific scenarios designed to help all investors, large and small, survive and profit, regardless of what the year 2000 may bring.

Author Notes

Jake Bernstein is an internationally recognized market analyst, futures trader, researcher, and expert on economic cycles. He is the author of many highly acclaimed books, including The Compleat Day Trader I and II, The Investor's Quotient, How the Futures Markets Work, and The New Prosperity.

Reviews 2

Booklist Review

Forecasts for bad times have any real impact only during good times. Apocalyptic warnings of a millennial Armageddon and the year 2000 (Y2K) computer crisis aside, that is why it is not surprising that in this era of spiraling stock prices, a number of economic doomsayers have begun to sound the alarm. Even those with no history of scaremongering, including Bernstein and Buchholz, are now preaching "cataclysm" and "upheaval." Bernstein is a commodities and day-trading guru; and Buchholz is a former professor best known for making economics accessible to general readers with his books From Here to Economy and New Ideas from Dead Economists. Besides their dire predictions, what these two authors share is the assertion that they can guide us through the upcoming rocky times so that we will not only survive but also prosper. Bernstein worries that the Y2K computer bug will set off a panic that could trigger a collapse in the stock market. Regardless, though, he argues that the market behaves cyclically and that a collapse is inevitable. The solution he touts is to buy gold. On the other hand, Buchholz thoughtfully analyzes nine major trends (an aging population, a resurgent Japan, a burgeoning immigration, etc.) that he says will dramatically change the U.S. forever. Alhough the scenarios he uses to illustrate those changes are too melodramatic, Buchholz does identify the types of companies most likely to benefit from the changes and recommends that those are where investors should be putting their money. --David Rouse

Library Journal Review

Bernstein is the author of more than 20 books, including The New Prosperity. Though his formal education is in clinical psychology and sociology, he works in the stocks and commodities markets. His forte is in uncovering patterns that have financial implications, particularly with respect to millennium problems such as Y2K. He offers some guidance in detecting what market sectors will have problems, where there are possible growth areas, and some basic strategies to deal with Y2K problems in bank accounts. Interesting pointers are presented for investing in metals (gold, platinum, palladium) as a component of a strategy. Overall, the book does a credible job of investor education, but the question is whether it has a reasonable shelf life. Regrettably, the answer is probably no.√ĄSteven Silkunas, Southeastern Pennsylvania Transportation Authority, Philadelphia (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

Table of Contents

Prefacep. ix
Acknowledgmentsp. xvii
Introductionp. xix
Chapter 1 The Bull That Wouldn't Stop--Or Will It?p. 1
Chapter 2 What Will Happen if the Millennium Bug Bites?p. 19
Chapter 3 Interest Rates: Key to Market Directionp. 31
Chapter 4 Interest Rate Patterns, Cycles and Pricesp. 49
Chapter 5 Economic Cycles: Nine Stages from Growth to Peak to Rebirthp. 73
Chapter 6 The Crash and the Greater Foolp. 101
Chapter 7 First Line of Defense: Precious Metalsp. 111
Chapter 8 Investing in Metals Stocks and Futuresp. 137
Chapter 9 Prepare; Avoid the Impactp. 159
Chapter 10 Your Financial Survival Strategyp. 169
Chapter 11 Personal Preparednessp. 181
Chapter 12 Panics, Pandemonium and Profitsp. 187
Chapter 13 Are You Ready?p. 205
References and Recommendations for Further Readingp. 207
Indexp. 209