Written by Bert Dohmen, publisher of the award-winning Wellington Letter and Smarte Trader Letter. Bert Dohmen is an analyst with an astounding forecasting record on the major investment markets and the economy over the last 30 years. He has called almost every significant stock market turn within one or two days of the turn. He has declared bear markets and recessions when very few others even considered them, but he turned out to be right each time, including market years of 1977, 1980, 1987 crash, 1994, and 2000-2002.

The global markets are in turmoil, financial firms are teetering, the dollar is sliding, the Federal Reserve is far behind the markets and don t know what to do. A recession may have started, and Washington has prepared a ridiculous stimulus program. What can an investor do? The just released book, Prelude To Meltdown from Bert Dohmen gives many of the answers. Bert Dohmen predicted today s events perfectly and here is the book that explains how world markets got into the severest credit crisis to date. Not since, The crucial question of whether the central banks can successfully rescue the global financial system is one important question analyzed in the book, even as one financial crisis after another surfaces almost weekly. Prelude To Meltdown reviews the developing credit crisis, going back to January 2007, presenting the anatomy which threatens a meltdown of the global financial system, if not handled properly. Even now as the housing sector is going from a deep recession into depression, Bert believes this could take as long as 10 years to work through. This is not a guess, but based on actual historic analysis. The U.S. housing boom was triggered by a 1% Fed interest rate, just like the incredible 1980 s boom in Japan. At the top of the Japanese boom in 1990, Bert Dohmen predicted Japan to plunge into a 10 year recession. Well, it actually turned out to be several years longer. No one else predicted this. From the greatest real estate bubble in 100 years in the U.S., you must expect an equal extreme to the other side. It will take a 1% Fed Funds interest rate to allow housing to at least bottom. Bert predicts, quite possibly, this will not even produce immediate recovery. Bert declared in mid-July of 2007, just when the Dow Jones Industrials made a new, all-time high of 14,000, that a bear market was starting and that the new high was a trap. He was right, as the first phase of the credit crisis commenced immediately thereafter, and the markets plunged into August.

What does he say now? Prelude To Meltdown chronologically lays it all out. His Wellington Letter of April 3, 2007 was headlined: “The Makings Of a Perfect Financial Storm”. The markets recover into October 2007, when once again Bert Dohmen called the top within two days. His Wellington Letter of Oct. 15, 2007 was headlined: “Top Of The Rally!” Thereafter, the markets tumbled. Wall Street analysts, economists, Federal Reserve officials, and others with vested interest, have been telling Americans since early 2007 that the subprime mortgage problem is too small to infect other areas of our financial system. During the same period, Bert Dohmen warned as early as December 2006 that the year 2007 would see the start of a bear market, a recession, and a financial crisis, all caused by the overleveraged speculation in financial instruments developed by Wall Street. Prelude To Meltdown explores the questions for investors and individuals such as how will these severe problems affect the well being of average Americans, how will this monolith economic disaster be resolved, will Washington find solutions before there is a meltdown, and most timely to the future, how can investors protect themselves?