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Books : The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History |
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List Price: $27.00Amazon.com's Price: $17.82 You Save: $9.18 (34%)Prices subject to change.
Availability: Usually ships in 24 hours
Binding: Hardcover
Dewey Decimal Number: 330.973
EAN: 9781416588986
ISBN: 1416588981
Label: Free Press
Manufacturer: Free Press
Number Of Items: 1
Number Of Pages: 400
Publication Date: January 06, 2009
Publisher: Free Press
Sales Rank: 235
Studio: Free Press
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Editorial Review:
Product Description:
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!
Customer Reviews
Average Rating: 
Rating:  - Cycles on Top of Cycles on Top of Cycles . . . That Appear to Be Heading DOWN
The main reason to read The Great Depression Ahead is to see the most persuasive case that can be made for an extended economic decline in the United States and other developed countries. After understanding that case, you'll be in a better position to make decisions that will leave you better off regardless if the economy recovers quickly or keeps sliding down for several years (as it did in the early 1930s). Mr. Dent is better than most forecasters for this purpose because he provides lots of documentation ... Read More
Rating:  - You've got to give credit where it is due...
When Harry Dent wrote 'Our Power to Predict' in the late 1980's and 'The Great Boom Ahead' in the early 90's - he made 18 specific, and highly controversial calls on what he saw coming in the next couple of decades. By my count, 16 of those have occurred already.
Since none of us have a crystal ball that ACTUALLY functions, no one can forecast news events. What Harry Dent has is an amazing track record of accurately predicting long-term trends. As world events have changed, he has changed his ... Read More
Rating:  - Well written but poor past results
I think this book has some merit as a macro discussion of the economy. As proven with the author's past books, his calls are quite a ways off of the mark. He attempts to give specific dates and stock market index values based on all types of historical cycles. In my opinion, he has a lot of good historical cycles to base his conclusions on but trying to be as specific as he is (as well as his track record in his other books) make this book little more than an interesting read.
I find it interesting ... Read More
Rating: - A prudent investor would
I find it peculiar that within days of the book coming out so many ignorant and scorn people have spent their valuable time writing useless reviews that say so little about this book, but so much about their character; where's the facts, quotes and references of when Harry Dent's team was always wrong? If a baseball player hits a homerun but barely clears the back wall, is his homerun any less of homerun than the player that hit a ball well over the wall, high into the stands? Obviously these Windbags haven't read ... Read More
Rating:  - I would give NO STAR if I could.
I can't believe this guy is back again. Just recently, I happened to see "Roaring 2000s" still sitting in my bookcase, laughed hard, and threw it in the trash. I read it back in 1999 because it was on all the bestsellers list. Everyone was talking about the Y2K and was grasping for anything that will shine a light on what's to come. It was an interesting read, but most of his predictions did NOT come true. He said the technology of the 21st century is like the auto industry in the early 20th century, so invest in the ... Read More
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