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The Great Depression Ahead: How to Prosper in the Crash That Follows the Greatest Boom in History

The Great Depression Ahead: How to Prosper in the Crash That Follows the Greatest Boom in History

Written by Harry S. Dent

Narrated by Harry S. Dent


The Great Depression Ahead: How to Prosper in the Crash That Follows the Greatest Boom in History

Written by Harry S. Dent

Narrated by Harry S. Dent

ratings:
4/5 (2 ratings)
Length:
6 hours
Released:
Jan 6, 2009
ISBN:
9780743580762
Format:
Audiobook

Also available as...

Also available as bookBook

Also available as...

Also available as bookBook

Description


The New York Times bestselling author of The Roaring 2000s guides listeners through the biggest economic crisis since the Great Depression

The first and last economic depression that you will experience in your lifetime is just ahead. The years 2009 and 2010 will be the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before. Renowned economic forecaster Harry S. Dent, Jr. has developed analytical techniques that allow him to predict the impact of economic trends, including the following:

The economy appears to recover from the subprime crisis and minor recession by mid-to-late 2009 "the calm before the real storm."

Stock prices start to crash again between mid-to-late 2009 into late 2010, and likely finally bottom around mid 2012-between Dow 3,800 and 4,500.

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.

The next broad-based global bull market from 2020-2023 into 2035-2036.

Conventional investment wisdom will no longer apply, and investors must drastically reevaluate their policies in order to survive. Dent offers long and short-term recommendations that will allow families, businesses, investors, and individuals to manage their assets correctly and come out on top rather than get caught in a downward spiral.
Released:
Jan 6, 2009
ISBN:
9780743580762
Format:
Audiobook

Also available as...

Also available as bookBook

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What people think about The Great Depression Ahead

4.0
2 ratings / 2 Reviews
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Reader reviews

  • (4/5)
    This gets a four star endorsement. I'm not sure I'm 100% behind everything laid out by Dent. I'm bothered by the sometimes misaligned years he gives for the next market crash. It's late 2009, then it's early 2010 or it's 2012-14. But, that doesn't undermine the book in full for me. I like that he's hanging his predictions out there and much of the reasoning is sound. I've always been a skeptic and this book feeds into that; so I was an easy sell. What I really enjoyed was the chapter on what level risk we REALLY take when putting our cash into the market. It IS far higher than we will let ourselves believe. THAT's the danger to investing. I also liked the tip on purchasing SH to profit on a decline without buying on margin. It also makes a nice hedge if you want to keep your money in market. I'm following the author's advice for now and the next 6-9 months. If he's right, I'll be VERY happy. If not, I can adjust easily. Worth reading but be prepared: I'm not an economist, statistician, or financial adviser, but I'm fairly versed in these areas from lot's of independent reading; so while the material is not over the top, there is no time spent explaining many terms or concepts to readers. You either know it or figure it out as you go.
  • (4/5)
    This book will give you many interesting things to consider as you plan your investing strategy for the coming years. The demographic trends provide a glimpse into the future, and I believe he is on the right track. I wouldn't take anything as absolute, and adjustments will need to be made, but this is a start. Overall, I found it to be thought provoking about the possibilities ahead.The book also provides a web page where you can sign up for an email newsletter for updates as the economic conditions change.