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The Great Depression Ahead
Harry S. Dent
How To Survive And Thrive In The Coming Hard Times
Free Press
January 2009
On Sale: December 30, 2008
288 pages
ISBN: 1416588981
EAN: 9781416588986
Hardcover
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Non-Fiction
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
set back 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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