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The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History
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Binding: Hardcover
Dewey Decimal Number: 330.973
EAN: 9781416588986
Edition: 1
ISBN: 1416588981
Label: Free Press
Languages: EnglishOriginal LanguageEnglishUnknownEnglishPublished
Manufacturer: Free Press
Number Of Items: 1
Number Of Pages: 400
Publication Date: January 06, 2009
Publisher: Free Press
Studio: Free Press
Features:- ISBN13: 9781416588986
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
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Editorial Review: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!
Average Rating: 
Rating:  -
People who judge him harshly are basing their opinion on a very narrow point of view. I own his book from the 90's which predicted this huge market crash. I have his charts that accurately predict it. In 2002 when I was looking at houses to buy I decided to stay away from real estate because his charts show a bad market years ahead.(he was right) I knew from his book I had maybe five years to own the house and sell and decided rather just stay out of the housing market because timing the peak would ... Read More
Rating:  -
Okay, so after the introduction & Chapter 1, I'd had my fill. Those pages were spent basically trying to get me to have blind faith in Dent's system of demographic predictions, which include 5,000 year cycles (how practically useful). I got the feeling it was all geared to getting me to sign up for his $400 newsletter, which updates predictions as events unfold. (Now why would that be necessary?) Recommends government bonds as the only way to profit in what's approaching, but my understanding is bonds ... Read More
Rating:  -
For those looking for advise on careers, job skills and small business ideas that might make a depression survivable for the common (read poor) citizen, this is not the book.
This book is written for those who have wealth and are interested in keeping it.
The statistical trend analysis is worth a read, but investment advise is a bit lacking.
Rating: -
This is a must have book for everyone. Many more people should understand the meaning of our economic crisis and realize it is still going to be critical here at home for many months yet to come in spite of the liberal side of the playing it down platitudes.
Don't believe it.
Rating: -
The "Ultimate Charlatan" Award
Winner: Harry S. Dent
The worst investing advice usually arrives near the top and bottom of stock market cycles. Demographic trends guru Harry S. Dent is making the rounds again, and touting his latest book, The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History.
Out in January 2009, the book arrives just in time to profit from the market downturn. When the new book drops, those who made massive profits ... Read More
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