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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 New: $9.24
as of 3/10/2010 07:50 CST details
You Save: $6.76 (42%)
New (19) Used (5) from $9.24
Seller: pbshop
Rating:  159 reviews
Sales Rank: 3300
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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| Features:
| • | ISBN13: 9781416588993 | | • | Condition: NEW | | • | Notes: Brand New from Publisher. No Remainder Mark. |
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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 159
 Best advice found nowhere else March 7, 2010
Angela Camero
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.
 Underwhelming March 5, 2010
Joseph Puke (Aus)
1 out of 1 found this review helpful
Okay, so after the introduction & Chapter 1, I'd had my fill. Those pages were spent basically trying to get me to have blind faith in Dent's system of demographic predictions, which include 5,000 year cycles (how practically useful). I got the feeling it was all geared to getting me to sign up for his $400 newsletter, which updates predictions as events unfold. (Now why would that be necessary?) Recommends government bonds as the only way to profit in what's approaching, but my understanding is bonds may be the next great bubble to burst.
In the portions I read, the author repeats himself many times, also claims to be politically neutral and within a couple of pages is making partisan political comments (wtf??) which incidentally indicate ignorance & which turned out to be incorrect.
Returned this one to the store, exchanged it for one of the many many better books. This wasn't worth either the money paid for it nor, more importantly, the time needed to read it.
 This is an investment advise book, not an urban survival book. February 18, 2010
A. Thomas (San Diego, CA)
0 out of 1 found this review helpful
For those looking for advise on careers, job skills and small business ideas that might make a depression survivable for the common (read poor) citizen, this is not the book.
This book is written for those who have wealth and are interested in keeping it.
The statistical trend analysis is worth a read, but investment advise is a bit lacking.
View of my reading of this book February 18, 2010
Fig Newton (Texas)
0 out of 1 found this review helpful
This is a must have book for everyone. Many more people should understand the meaning of our economic crisis and realize it is still going to be critical here at home for many months yet to come in spite of the liberal side of the playing it down platitudes.
Don't believe it.
From Eighth Annual Mutual Fund Turkey Awards February 11, 2010
R. Wright
3 out of 4 found this review helpful
The "Ultimate Charlatan" Award
Winner: Harry S. Dent
The worst investing advice usually arrives near the top and bottom of stock market cycles. Demographic trends guru Harry S. Dent is making the rounds again, and touting his latest book, The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History.
Out in January 2009, the book arrives just in time to profit from the market downturn. When the new book drops, those who made massive profits after reading Dent's The Next Great Bubble Boom: How to Profit from the Greatest Boom in History: 2006-2010 (published in January 2006 at the very peak of the real estate bubble) can parlay their winnings into even greater profits.
In his 2006 work, Dent predicts, "The Dow hitting 40,000 by the end of the decade, the Nasdaq advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009...The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010."
Of course, those who read The Roaring 2000s, Dent's 1999 masterpiece, should soon be buying each of us a turkey with all the fixin's. According to the book, only a year remains before the Dow breaks 40,000 and the Nasdaq hits 20,000, at which time we'll simply amplify our fortunes by shorting stocks in the coming depression. We can't underestimate how big this final move up will be before the depression kicks in, since The Dow and Nasdaq are currently quite a bit lower than they were back in 1999 when The Roaring 2000s was published.
Of course, profiting from epic changes takes time. Perhaps the AIM Dent Demographic Trends Fund (ADDAX) - a mutual fund ascribing to the Dent path to riches - tanked after raising over $1 billion simply because short-sighted investors didn't give stocks like JDS Uniphase (JDSU) time to come back from the current blip. Merged out of existence by AIM fund executives who clearly don't understand long-term demographic trend investing, the fund didn't survive to demonstrate its full potential.
This was not the only mutual fund launched by gurus who can see the future better than the rest of us. It was not the only one quashed due to poor performance, either.
Bottom line, when investors are feeling irrationally exuberant, feed `em Dow 40,000. When they're feeling irrationally pessimistic, it's time to pull out the Depression talk. It might not make your investors money, but you'll make a killing in book sales.
Showing reviews 1-5 of 159
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