The Great Depression Ahead How to Prosper in the Crash Following the Greatest Boom in History
The first and last economic depression that you will experience in your lifetime is just ahead. The year 2009 will be the beginning of the next long-term winter season and the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before. Are you aware that we have seen long-term peaks in our stock market and economy very close to every 40 years due to generational spending trends: as in 1929, 1968, and next around 2009? Are you aware that oil and commodity prices have peaked nearly every 30 years, as in 1920, 1951, 1980 — and next likely around late 2009 to mid-2010? The three massive bubbles that have been booming for the last few decades — stocks, real estate, and commodities — have all reached their peak and are deflating simultaneously.
Bestselling author and renowned economic forecaster Harry S. Dent, Jr., has observed these trends for decades. As he first demonstrated in his bestselling The Great Boom Ahead, he has developed analytical techniques that allow him to predict the impact they will have. The Great Depression Ahead explains “The Perfect Storm” as peak oil prices collide with peaking generational spending trends by 2010, leading to a more severe downtrend for the global economy and individual investors alike.
He predicts the following:
• The economy appears to recover from the subprime crisis and minor recession by mid-2009 — “the calm before the real storm.”
• Stock prices start to crash again between mid- and late 2009 into late 2010, and likely finally bottom around mid-2012 — between Dow 3,800 and 7,200.
• The economy enters a deeper depression between mid-2010 and early 2011, likely extending off and on into late 2012 or mid-2013.
• Asian markets may bottom by late 2010, along with health care, and be the first great buy opportunities in stocks.
• Gold and precious metals will appear to be a hedge at first, but will ultimately collapse as well after mid- to late 2010.
• A first major stock rally, likely between mid-2012 and mid-2017, will be followed by a final setdback around late 2019/early 2020.
• The next broad-based global bull market will be from 2020-2023 into 2035-2036.
Conventional investment wisdom will no longer apply, and investors on every level — from billion-dollar firms to the individual trader — must drastically reevaluate their policies in order to survive. But despite the dire news and dark predictions, there are real opportunities to come from the greatest fire sale on financial assets since the early 1930s. Dent outlines the critical issues that will face our government and other major institutions, offering long- and short-term tactics for weathering the storm. He offers recommendations that will allow families, businesses, investors, and individuals to manage their assets correctly and come out on top. With the right knowledge and preparation, you can take advantage of new wealth opportunities rather than get caught in a downward spiral. Your life is about to change for reasons outside of your control. You can’t change the direction of the winds, but you can reset your sails!
User Ratings and Reviews
5 Stars SO MANY PEOPLE IN DENIAL
This is a must read book regarding the future. People will soon be forced to wake up and see the reality of what is in store for the US under this administration.It is not going to be anything like the country we grew up in and fought for. Freedoms will be cut more and more and you will find that you are working for nothing and paying the bills for people that don’t want to work. As it stands right now 20 year olds will each pay $3000 per year during their (40 year) working career just to pay the interest on the debt this administartion has caused already. Contracts, incentive to get ahead and the American Dream are becoming things of the past…..
4 Stars Heavy reading
This is definitely not bed-time reading, financial nightmare are sure to follow.
While the book seems well researched and reasoned it is quite heavy reading with abundant charts and stats. Sometimes things are also a bit repetitive or overly detailed. In particular the expected economic trends of a whole slew of countries is presented. This might be of interest to some but seems more than needed for the general reader.
But in the end the book does provide a very plausible outlook for the next 20-30 years and, even if it will not be on the dot, it should still make the reader a more informed economic being.
4 Stars A Must Read if You Dare!!!
Most reviews call this an economics book. There is a great deal of that in the book but it is much more than that. In a way Mr. Dent is a futurist of sorts. He takes economic theory and demographic information to make some astounding predictions. These predictions in a way are covering the why on what is happening now in the news. He even goes into the why behind reactions.
Mr. Dent’s assumptions are pretty basic. He doesn’t say anything to revolutionary at all. The book is very well documented and easy to follow. At times he gets to detailed. There is a chart on about every page.
The main point Mr. Dent makes is simple. We have a bunch of things all going wrong at the same time. The retirement of the baby boom will create a drain on the economy. There will be a whole lot of wage earners leaving the work force. After that Mr. Dent introduces the demographic part of the book. He proves there aren’t any people to replace the baby boomers. That alone is enough to cause heart ache. On top of this shift you have a bubble that has burst with some perpetual bust cycle that is way over do. His analysis of these factors is very insightful. His predictions are very scary. He doesn’t have a good feel for the future. He feels things are going to get very bad. Mr. Dent does offer some good advice on how to whether the storm though. He also talks about how shifting demographics will impact the country in so many different ways.
This book will make you think. This book will scare you and open up your mind. It will make a lasting impression for sure.
4 Stars Something everyone needs to know about
This is a sobering look at how circumstances and cycles are coming together for what might well be the worst depression since the 1930s. Everyone owes it to themselves to examine the demographic cycles and projections for the depression that lies ahead. It has plenty of supporting econommic data for those so inclined. At the same time it is an easy read for the non-economist. I suggest you don’t rely only what the government is telling you. Read this book to help in your personal and family preparations.
4 Stars A Great Guide
Like other readers I don’t believe anyone can truly prophecy about the future so lets get that out the way immediately. I found this book incredibly informative and it included information that I have never been presented or read before so I found it very useful. I intend to use the book as a “guide” for future decisions mainly because it has confirmed my own beliefs about the direction of our markets and the global economy. I also believe that if anyone had followed Dents general advice years ago they would be so far ahead now they wouldn’t even bother reading these posts. I am now reading the previous version and have ordered the earlier version because I feel the content of the book is very worthwhile in making investment decisions. Everyone knows that these books all contain marketing fluff of some sort but an educated reader doesn’t just jump in and buy everything on offer before reviewing their own library of knowledge to see if they really need it. I would and I have recommended friends read this book because I found it extremely useful.
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