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.
Dent developed analytical techniques that allow him to predict the impact of economic trends, including the following:
- 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.
- Asian markets may bottom by late 2010, along with health care, and be the first great buy opportunities in stocks.