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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: $5.49
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New (36) Used (25) from $5.49
Seller: whypaymorebooks
Rating:  165 reviews
Sales Rank: 9234
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
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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!
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| Customer Reviews:
Showing reviews 1-5 of 165
 GIVE THE GUY A BREAK! December 31, 2008
David J. Easterla (Sacramento, Ca)
47 out of 66 found this review helpful
No economist is always right. Dent's basic concept of predicting the economy is spot on. It's just the more finer details that get him into trouble. That's what happens when you start writing books instead of just sticking with what you do best. To Dent's credit he has stuck his neck out on some big calls against all other economist and he prevailed. He was actually one of the earliest if not the first to call this coming depression in his first book published in 1993 called "The Great Boom Ahead." Page 16 - "The next great depression will be from 2008 to 2023" "the mother of all depressions" "No amount of government stimulus will prevent it, just as it didn't prevent the Great Depression of the 1930's." Some big words considering he said them 15 years ago. Yah, Harry has called some bad ones over the years but unfortunatly I think he got this one right. I hope he's wrong!
Isn't Harvey Dent Two-Face? January 21, 2009
Theseus (US of A)
21 out of 29 found this review helpful
Oh, wait, this is HARRY Dent.
I am quite persuaded that a sophisticated study of demographics can power macro economic predictions. However, initially, I was put off by the sensational use of "great depression" in the title. It sounded like a title designed to sell.
However, this book makes some very strong points. Most powerful is Dent's statement that populations in the most developed countries will be past their prime spending years in the next decade. This, combined with a huge bubble in the amount of credit that individual have accumulated, certainly makes me think that tough times are ahead.
However, I have trouble believing that real estate won't rebound much more quickly. Real estate is real estate. "Safe as houses."
And Dent's prediction that no major technological innovations will come along in the next 15 years is just that. A prediction. Now, sure, I don't expect us to keep innovating at the pace we did from 1985 to 1995, but when he hangs part of his argument on a pure prediction, it weakens the book quite substantially.
My bottom line: some superb and depressing arguments certainly don't lead me to buy into the incredibly detailed timeline he proposes regarding economic downturns and upturns.
Best advice found nowhere else March 7, 2010
Angela Camero
3 out of 4 found this review helpful
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 not be easy(that save me $200,000 based on the value of homes around here). This decade he did change some predictions delaying the horrible scenerio based on immigration numbers. If he had stuck with his original forecast he would have been better off. To say he is wrong is an overstatement. Being off by a couple years does not make him wrong. Use the information wisely. Based on his original book I've been telling people we will be in a Depression around 2008-2009. That was years ago going all the way back to 1994. Now we are in a Depression, or the very beginning of one. People hate those who make predictions. The CNBC "experts" went with popular opinion saying the market will just keep going good. They were wrong, Dent was right. Get this book, it's a great resource to keep your money growing.
Crystal Ball January 9, 2009
Edmond Pennington (Louisiana)
5 out of 8 found this review helpful
I broke my crystal ball but Mr. Dent is the next best thing to one. He has a fantastic record of predicting trends. He is not a day trader, nor is he the kind of expert that spews facts without doing his homework. This has proved out in many of his previous works.
His new book is way ahead of the curve and its time. Just knowing direction gives real comfort and one the ability to respond in a positive manner to the direction of our economy, market and political status.
As a financial advisor, I really appreciate the peace of mind that I am pointing my clients in the right direction. Mr. Dent, keep it up. We need your kind of honesty.
There They Go Again...... January 9, 2009
N. Massey (Oklahoma City, OK)
14 out of 22 found this review helpful
Isn't is amazing that so many people have the time to write a review about a book they obviously haven't read, or didn't understand if they did read it? Harry Dent Jr. has been one of the most consistently correct economics strategists to come along in years and his advice and insights have saved or earned people millions over the years.
I run an investment management and financial planning firm and we use Harry Dent's research extensively. It is an important part of what we use in determining the economic outlook and how we should be looking at the world and how we decide to position our clients' portfolios. I think it is fair to say that Harry's insight has helped our clients significantly over the years.
Like any analyst or scientist, tools and methodologies get refined and become better over the years. That is what has happened with Dent's research. He keeps finding more tools and refining old ones to figure out what is going on and what is coming. Harry's latest book takes his past research to the next level. It is a "must read" book if you really want to understand all the forces that are playing on the economy now and what they mean for the coming decade. You may or may not completely agree, but you owe it to yourself to read it, understand it and draw your own conclusions.
Forecasting is very difficult and no one is always right. Harry Dent has been right more than most. He has sometimes gotten a bad rap because of people taking things he has said out of context. The mistake many people make is using macro economic tools in short term trading situations. Many of the events we are seeing today were predicted by Harry as long as 20 years ago. How many strategists do you know who predicted a major economic meltdown by 2010, but did it in the early 1990s. Has he been off sometimes on the exact timing, of course. But who hasn't? Harry has never suggested his economic projections were exact dates. Unlike most economists, he is not afraid to stick his neck out and make a controversial call. Overall, most of his predictions have been remarkably accurate.
He did predict the tech bubble of the early 2000s but he was off by about a year. In his 2004 book, "The Next Great Bubble Boom", he predicted the bubble in real estate by 2005 and he was dead on with that one. Anyone who followed his advice to sell real estate, even by 2006, made a lot of money and sat on the sidelines as they watched everyone else's real estate crash. Now it looks like he's right again about the coming crash, even though some of it may have happened already. The worst part may be yet to come.
The point is that reading and understand Harry Dent will give you great insight into major economic and demographic trends and what you need to do about to prepare yourself and survive in difficult times. We give a copy of this book to all of our clients and feel it is something everyone should read. I highly recommend this book.
Showing reviews 1-5 of 165
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