The Great Depression Ahead

  • by Harry S. Dent
  • Narrated by Harry S. Dent
  • 6 hrs and 27 mins
  • Abridged Audiobook

Publisher's Summary

The New York Times best-selling 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.


What the Critics Say

"I hope he's wrong this time. I hope we don't have a great depression by 2010. But given his track record, I won't be betting against him." (Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas)


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Customer Reviews

Most Helpful

Too much sense here to ignore it

I read the previous review where the writer stated that there were too many what ifs. Well, there are a lot of what ifs in life, but the general theme of this book does not rely on what ifs- it relies on previous cycles and history. The only very questionable cycle is the "terrorist cycle" which only appeared 1992 and 2001. Otherwise, I find the information credible and will prepare with it in mind. Bad news does sell, but bad news also really happens..........
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- irene

Repetitive Repetitive Repetitive

The book has some interesting pints and I will definitely take demographics into account when investing. However, Mr. Dent world does not capture all factors. For example, information grows exponentially so our knowledge and innovation would also grow faster which goes against Mr. Dent's cycles. Just one example.

The biggest problem I have with the book is how repetitive it is. I think the book could of been 1 hour maybe 2.

While Mr. Dent does show many cycles in the US he sometimes uses foreign example to get his point across. If you base your theories on a US model, he should not use so many examples from countries that are not in his model. If the book was 1 hour it might be worth it but at 6.5 hours don't waste your time.

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- Mitchell

Book Details

  • Release Date: 01-15-2009
  • Publisher: Simon & Schuster Audio