The Economic Time Bomb: How You Can Profit from the Emerging Crises

Noted investment guru Browne offers cogent and practical advice on how investors can shield their capital in turbulent economic times. As an added plus, readers are treated to a clear-sighted and direct analysis of the economic issues confronting the U.S. today. Browne convincingly argues that the trade deficit, the stock market crash and America's new status as a debtor nation are all, in reality, ``non-problems.'' Normal economic forces will simply, and nearly painlessly, correct these ``imbalances'' without the need for hasty and ill-considered government interference, Browne maintains. In fact, he opines, government interference may well detonate the economic time bombs he discusses. Despite his title, Browne does not predict economic catastrophe, but warns that the conditions for one exist. To protect an investor's capital, he has devised a diversified ``Permanent Portfolio,'' counseling investments in gold, bonds and stocks which, in his view, should preserve an investor's capital in any economic climate. The book will interest investors large and small. (Jan.)