The Great Depression Ahead
- How to Prosper in the Crash That Follows the Greatest Boom in History
- Narrated by: Harry S. Dent
- Length: 6 hrs and 27 mins
- Abridged Audiobook
- Release date: 01-15-09
- Language: English
- Publisher: Simon & Schuster Audio
Regular price: $23.93
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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.
Customer ReviewsMost Helpful
By irene on 02-08-09
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..........
16 of 17 people found this review helpful
By Mitchell on 02-26-10
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.
1 of 1 people found this review helpful