The Great Depression Ahead
Harry Dent, renowned economic forecaster, predicts that our economy is coming towards the next Great Depression. He asserts that the greatest drivers of our economy are demographic trends, radical new technologies, 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.
Henry Dent predicts a major economic depression, while offering counsel on how to survive it.
The Great Depression Ahead offers important advice to help readers not just survive, but prosper in the face of the crash.
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Dent 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 entered 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.