| Links of Interest | | If you have some unexpected homefees, find payday loans online to help you through tough times. |
|
|
|
The Great Depression Ahead: How to Prosper in the Debt Crisis of 2010 - 2012 | 
| Author: Harry S. Dent
Publisher: Free Press
Category: Book
List Price: $16.00
Buy Used: $5.58
as of 7/30/2010 06:44 CDT details
You Save: $10.42 (65%)
New (37) Used (25) from $5.58
Seller: jtllm
Rating:  165 reviews
Sales Rank: 4238
Media: Paperback
Edition: Rev Upd
Pages: 416
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.2 x 5.4 x 1.2
ISBN: 141658899X
Dewey Decimal Number: 330.973
EAN: 9781416588993
ASIN: 141658899X
Publication Date: December 29, 2009
Availability: Usually ships in 1-2 business days
| |
| Features:
| • | ISBN13: 9781416588993 | | • | Condition: New | | • | Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed |
|
| Also Available In:
|
| Similar Items:
| |
| Editorial Reviews:
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:
Showing reviews 1-5 of 165
 Just what we need: another puck on the economic ice July 7, 2010
Marvin D. Pipher (Houston, Texas USA)
0 out of 1 found this review helpful
This book presents a comprehensive analysis of the global demographic trends which led to the economic crisis we are now enjoying and describes what that analysis and those trends portend for America's and the world's economic future. The statistical data analyzed include the number of people being born each year and the average age at which they enter the workforce, marry, have children, buy a home, reach their spending peak, begin saving in earnest, retire, etc. Nothing, it would seem, was overlooked in this analysis and, as near as I can tell, no detail was too small for Mr. Dent to consider. As a result, it would be quite difficult for anyone to argue with the contents of this book or with the forecasts of its author.
The author contends that based on an analysis of past history -- historical demographic data correlated with the economic events of the times, e.g. the Great Depression of the 1930s -- the current economic crisis was unavoidable regardless of what the U.S. Government/FED did or didn't do; and nothing the government/FED can do or not do will prevent the equally inevitable "shakeout" or depression to follow. And he demonstrates, at least to the satisfaction any reasonable jury, why this, in all probability, is true. This makes this a compelling book and an absolute must read.
Here are a few tidbits from the book which may peak a reader's interest: The author fully explains how and why the "baby boom" generation -- simply by being born, going about its business, raising its children and aging -- brought about the recent economic boom. He argues that, as a result of this surge and ultimate bubble, another "Great Depression" is inevitable and -- in an economic sense -- is a good thing since it will bring the over-leveraged U.S. economy back in line with historical trends by de-leveraging the existing massive public and private debt. He also reasons that the other developed nations of the world won't allow the U.S. dollar to fail unless the U.S. government does something really stupid, simply because those governments hold so many U.S. dollars in their reserves. On the contrary, he asserts that when the U.S. economy begins to collapse in earnest, the resulting loan defaults will precipitate so many bank failures that their magnitude will overwhelm any attempts by the government/FED to stimulate the economy. This will result in a global "deflationary" depression in which the value of the dollar will fall, but will fall far less than that of precious metals such as gold. This is a far different forecast than that of many other recognized experts who expect precious metals to rise as the dollar collapses. Dollars, liquid assets, the author declares, are what one should hold while waiting for the once in a lifetime investment opportunities which the depression will present. By comparing the present situation with that of the Great Depression of the 1930s, the author identifies just what those opportunities might be and when they are most likely to occur from approximately 2010 to 2022.
With all this in mind: It seems to me that anyone concerned about the immediate future (~2010-2036) and the possibility of a second Great Depression would be a fool not to take these analyses into consideration -- especially if that person has been led to believe that investments in precious metals may be his or her economic salvation in the years to come. For, if nothing else, Mr. Dent has certainly thrown another puck on the economic ice. The question is: Who's off sides, and which is the real puck.
 Dent June 15, 2010
W. A. Wynkoop (ND USA)
Many Many cycles. Over all advice is accurate in my opinion. A depression is coming. But the repeat references to the same cycles is time consuming. I suggest listening while driving, or skimming the chapters for the first and last pages (I bought both CD and Text). And focus on what to do, not why it is going to happen.
A worthwhile read so you can be prepared. May 17, 2010
Big Daddy (TN)
Is another great depression coming? I have no idea, but it would not surprise me. Harry Dent, Jr. lays out his case for another great depression. His rationale is largely based on the aging demographics. Think about it this way - people go through a certain life cycle where they purchase certain things. There are certain ages where debt is incurred, houses are bought, kids are reared, houses are paid off and retirement takes place. Mr. Dent demonstrates how this cycle had dictated U.S. economic growth for years (as well as how it dominates the growth in other countries, such as Japan). He also shows other cycles and how they affect the economy.
While some of Mr. Dent's predictions as to the timing of the event have not come to pass, I think one can safely assume that the unprecedented level of government intervention in the economy has delayed many of Mr. Dent's projections (if they are to come to pass). I hope he is completely wrong and is proven to be a fool. However, in the chance that he is right, this is the only book I have read on the subject which actually lays out a plan for getting through it in one piece and possibly even profiting from it.
I would give the book 5 stars, but it failed to repeat a lot of the information from a prior book that really should have been included in this book for the sake of completeness. That said, this could be one of the most important books you ever read.
Oh...if he's right on what's coming our way... March 31, 2010
JNCRUS (Colorado)
1 out of 1 found this review helpful
Great book, and a bit scary if he is right. I have been following Harry Dent since 1994 when it was recommended by a friend. During the course of that time I've refinanced our house twice...within a 1/4 point of the low. He also has a newsletter on [...] as well that gives you current information/thoughts on directions of the economy and the markets.
I figure if he's right, I'm in good shape, if he's wrong, I'm still in good shape. When you read that a upcoming winter for the economy could go until 2023 it makes you listen...scary just how correct he has been on many things over the years I've been watching him. Talks of the dow at 5500 or lower by end of 2012...ugh...better to have a plan then none, gives a lot of guidance on the direction and magnitude of what is going on. A good read.
The Great Depression Ahead March 27, 2010
Terry Nettles (Gig Harbor, WA USA)
Presents a reasonably believable theory on the wave theory (harmonics?) of global, civilizations, cultures, and technology's influence on regional, national, and global economies. Presents a good foundation for measuring other influences on the economy, demographic influences on nation's leadership shifts, and markets in general.
Showing reviews 1-5 of 165
|
|
|
CERTAIN CONTENT THAT APPEARS ON THIS SITE COMES FROM AMAZON SERVICES LLC. THIS CONTENT IS PROVIDED ‘AS IS’ AND IS SUBJECT TO CHANGE OR REMOVAL AT ANY TIME.
Real Estate | |
