The Great Crash Ahead: Strategies for a World Turned Upside Down
From the bestselling author of The Roaring 2000s and The Great Depression Ahead comes a book that looks forward, showing readers how to weather the storm in this new economy that is going to get much worse in the years ahead.
In his most recent New York Times bestselling book, The Great Depression Ahead, Harry S. Dent predicted the debt crisis that would ensue in the wake of the government’s failed stimulus plan. In The Great Crash Ahead Dent scrutinizes some of the most dearly held assumptions of economic theory and practice and offers prescriptions for the current crisis. With incisive critical analysis and historical examples, Dent lays bare how such constructs—for instance, the belief in a rational market or of the rational consumer—led to the formation of the great bubble that burst so spectacularly in the crash of 2008.
Dent’s investment advice sees no place to hide in what he calls this wintry economic season, but it’s not all doom and gloom; the only way out is preserving your capital and creating cash flow—avoiding the sort of high risk, high profit investment schemes that sunk the world economy—so that you can profit from “the greatest sale on financial assets of a lifetime.” The Great Crash Ahead is a level headed, thoroughly reasoned message to show readers how they can survive during this challenging period so that they can thrive when the economy slowly returns to normal.
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The Great Depression Ahead
How to Prosper in the Crash Following the Greatest Boom in History
Dent, former strategic consultant at Bain & Company, outlines the features of what he predicts will be the next Great Depression. The author argues that demographic trends were the greatest drivers of our economy, along with radical new technologies, working together to follow a four-stage life cycle of innovation, growth, shakeout, and maturity. While Dent's doomsday predictions are depressing, his theories are persuasive and elaborated in meticulous descriptions of historic economic trends and cycles. The author's candor is refreshing, especially when he discusses how equity investments experience a wide variety of returns, including substantial losses or extraordinary gains—and that the financial press has failed to remind the public of this fact. The book offers welcome portfolio allocation strategies during an economic crisis, as well as the bad news that the worst of the housing downturn will occur between 2010 and 2013. Along with domestic forecasts, Dent addresses terrorism's economic roots and the growth of megacities in South and East Asia with characteristic thoroughness.
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THE GREAT BOOM AHEAD
YOUR COMPREHENSIVE GUIDE TO PERSONAL AND BUSINESS PROFIT IN THE NEW ERA OF PROSPERITY
Predicting the decline of Japan and the re-emergence of the United States as the most powerful economy on the planet, the Harvard economist offers readers practical advice on taking advantage of the situation.
Business consultant Dent contends that economic trends are highly predictable and forecasts an unprecedented boom in the late '90s.
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