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The Great Crash Ahead: Strategies for a World Turned Upside Down
In his most recent New York Times bestselling book, The Great Depression Ahead, Harry S. Dent, Jr., predicted that the stimulus plan created in response to the first crisis would hit demographic and debt saturation headwinds and ultimately fail. In 2010, the stimulus plan had started to fail, and it was already stalling by the first quarter of 2011. The Great Crash Ahead o...more
Hardcover, 368 pages
Published
September 20th 2011
by Free Press
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Great book from an analytical perspective. Outlined the deflation trend and argued it very well and convincingly. There is little doubt the difficulties predicted (deflation/contraction and a "winter season" in some economies) are highly likely. However, the book failed to fully address some major issues: the more drastic levels of policy response and its potential impact, especially in the scenario of extreme quantitative easing and inflation risks. This makes full & complete acceptance of...more
Harry Dent's theory is that the state of the economy depends primarily on what the baby boomers are up to.
If they are in a stage of life when they are buying houses, raising kids, and spending a lot of money, the economy is going to be great. As they are getting older and nearing or at retirement, they're going to stop spending, start paying off debt, and save as much as they can. That time is now, and therefore the economy is going to be very slow for the next ten or twelve years, no matter how...more
If they are in a stage of life when they are buying houses, raising kids, and spending a lot of money, the economy is going to be great. As they are getting older and nearing or at retirement, they're going to stop spending, start paying off debt, and save as much as they can. That time is now, and therefore the economy is going to be very slow for the next ten or twelve years, no matter how...more
There were a lot of graphs in this book. Lots of cycles. All about the boomers. But the
conclusions were not explained except to say people do the same things at the same stages
in life. There were supposed to be stratagies for "a world turned upside down". That seemed to
be, pay off your bills. Don't buy real estate, unless it is cheap, then get some and rent it out.
Buy bonds, and forget about using much health care when you get old. Oh, and your social
security has been stolen, sorry, nothing we c...more
conclusions were not explained except to say people do the same things at the same stages
in life. There were supposed to be stratagies for "a world turned upside down". That seemed to
be, pay off your bills. Don't buy real estate, unless it is cheap, then get some and rent it out.
Buy bonds, and forget about using much health care when you get old. Oh, and your social
security has been stolen, sorry, nothing we c...more
This book is about the financial meltdown that has occurred and the deflationary downturn which the author believes is coming over next decade and beyond. I’m not a financial guru, so I really liked this book for the simple reason that the author explained what has happened and what he predicts will happen in very easy to understand terms.
Understanding how the US economy got to where it is now really opened my eyes. Sure I had heard the analysis on CNN and other news outlets a hundred times, but...more
Understanding how the US economy got to where it is now really opened my eyes. Sure I had heard the analysis on CNN and other news outlets a hundred times, but...more
Opinionated and foreboding, Mr Dent writes of an impending financial crash, ca. 2013-14, in this book from 2011. He predicts that the DJ will plummet to half its current resurgence. Operating a financial advice program since the late '80s, Dent makes reasonable hypotheses and explains as precisely as possible for the financially uninitiated, like myself. Spending patterns, the birth index, the generational spending wave, state pensions: Dent presents straightforward thoughts on economics. Econom...more
Dent doesn't provide a ton of new information as to why we are in this mess. But his conclusions differ substantially from Peter Schiff and David/Robert Wiedemer (Aftershock). His use of demographic tables to posit a period of coming deflation (akin to Japan's "lost decade") is VERY interesting. While I may not necessarily agree with his conclusions, it's absolutely worth a read.
If you are interested in investing and economics this is a very interesting book in terms of the impact of demographics. Harry Dent has always been controversial, but he always provides interesting and daring perspectives based on his study of demographics, although his timing of their impact on the economy and the markets is not usually very timely.
A thought-provoking inter-correlated analysis. Dent explains how all the contributing factors lead us to this moment. The failure of QE (quantitative easing), the asset/debt bubble, the decrease in consumer spending, and the underfund situations in the State pension and retirement benefits; concoct with the anemic GDP growth, the domino effect of the European debt, the downfall of the Japanese economy; multiply by the aging of baby boomers en masse that leads to the increase of obligation in hea...more
Another layer added to previous book, a five star if he is as accurate as the great depression ahead. Builds confidence that you can still invest in the future and gets you out of the herd of sheeple.
Economics from an obviously biased point of view. The data presented seems to be one sided to fit the argument. Without objectivity this reader is left unconvinced.
Not a leisure read, however, if he is correct with his theories, the book will prove to be invaluable for your financial well being in the coming years.
Did not care too much for the book. A little too over the top and felt like I needed an Economics Degree along with a Statistic Degree to follow.
it's goign to get worse and he says how
I agree with about 75% of what Dent has written here. I certainly don't hold to the same world view that he really gets into in the last chapter and conclusion of the work -- evolution and uniformitarianism. I will be reading his earlier work about the coming depression.
Apr 14, 2013
Trampas Jones
marked it as to-read
Mar 19, 2013
Michael
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Feb 27, 2013
Townfeani Abbeyluku
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May 22, 2013
Dylan Simms
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Jan 26, 2013
Kendall
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Jan 20, 2013
Simon Watkins
is currently reading it
Jan 18, 2013
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Jan 13, 2013
Ryan Barron
marked it as to-read
Jan 13, 2013
Alix Mccrory
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