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Top Ten Investments to Beat the Crunch!: Invest Your Way to Success even in a Downturn by Al Chalabi, Jim Mellon

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Prologue

When we published our first book towards the end of 2005, entitled Wake Up! Survive and Prosper in the Coming Economic Turmoil, we were very excited to finally see our hard work over the previous 18 months in bookshops all over the world. The feedback we received from many friends and readers was generally neutral; on the whole they found it very interesting and informative but thought we were being overly pessimistic in our predictions for the global economy and in particular those of developed nations of the US and UK. Wasn't there a little too much Chicken Little in the text, warning everyone that the sky was falling?

Among other things, we predicted that the US housing market would experience great difficulties by 2007; this, we said, ...

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