The Little Book of Bull Moves Updated and Expanded: How to Keep Your Portfolio Up When the Market Is Up, Down, or Sideways

Foreword

Once in a great while, the world undergoes big changes. The great discovery voyages at the end of the fifteenth century led to a huge enlargement of the world's economic sphere. Venice—master of the previously important Mediterranean trade routes, and the world's richest and most powerful city—was thrown into a corner of the world, as Voltaire later observed.

The breakdown of the socialist/communist ideology at the end of the twentieth century and the end of policies of self-reliance and isolation on the Indian subcontinent were other big changes. Suddenly, three billion ambitious and motivated people joined the world's free market economy and the capitalistic system. These new citizens of the global economy are striving mightily to raise themselves to the level of affluence they see in their Western counterparts. Simply put, the free world has been joined by more than three billion people who have a similar frame of mind as the American pioneers of the nineteenth century.

At the same time, as Peter Schiff so vividly shows in this book, economic policy makers in the United States have totally lost their way. No wonder that in recent years a new economic and financial anxiety has taken hold among those public citizens who try to understand the world around them. This confusion is largely a function of the increasingly incomprehensible explanations offered by the most powerful figures in government, academia, and commerce. Anyone who has recently listened to the 2008 speeches ...