Business: Selling Gloom and Doom

While world financial markets reacted nervously to the outbreak of war between Iran and Iraq last week, a new book that promised to be a survival manual for economic disaster was riding atop the bestseller lists. Its title: Crisis Investing: Opportunities and Profits in the Coming Great Depression (Stratford Press; $12.50). The book has already sold approximately 150,000 copies and turned its author, Douglas R. Casey, 34, into the newest high priest of financial gloom and doom.

The message of Crisis Investing is simple. A depression of unprecedented magnitude will hit the world...

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