Rajkumar was formerly with Hay Associates. He was also with the National Productivity Corp and University of Malaya administration, and he specialises in compensation, training and development.
Eccles and Masterson also present new approaches to reforming financial reporting, and outline a 21st-century model of accounting that will improve markets and benefit shareholders.
The authors present a plan that supplements the current model, one in which executives, accountants, analysts, investors, regulators, and other stakeholders can truly embrace the spirit of transparency.
Based on his interpretation of the Elliott Wave principle (an idea premised on the notion that mass investor psychology is what really drives markets), Prechter believes that the US economy is about to enter into a deflationary depression that few investors are prepared to deal with.
In making his case, Prechter assembles an impressive array of data that in essence suggests that the bill for the last 10 years of market excess is about to come due.
The second half of the book shows how to avoid becoming “a zombie-eyed victim of the depression” and offers advice on protecting one's assets in a deflationary environment (cash is king).