In his first book, "The Power in the Land" (1983), Fred Harrison forecast the recessions in the leading industrial economies in 1992. The prediction - published some nine years ahead of the events - confirmed the value of his historical analysis of trends in the industrial economy. Now, in "From Bust to Boom and Back", he returns with a more alarming prediction: whereas in the early 1990s there had been a number of major economies going into recession at about the same time, with the emergence of a global economy there is a very real danger of a global recession, based on a global business cycle, which would be all the more severe because there would be fewer countervailing forces. Harrison dismisses as bogus the talk of a "new economy", based on the nine years of uninterupted growth in the United States and the claims of Britain's Chancellor of the Exchequer to have abolished the boom-bust. He argues that the seeds of the next bust are already well and truly sown, with 2010 being the fateful year for the next major crash. The US downturn in 2001 is evidence of the accuracy of his analysis. While the gyrations of the stock market grab the attention, few see the underlying economic laws at work, inexorably moving towards the next collapse. Governments are hamstrung in their policy-making by a defective economic model which ignores the workings of the property market. From his study of several industrial nations over the last two hundred years, Harrison has identified an 18-year property cycle which has recurred with remarkable regularity and similarity in different parts of the world under different political, economic and cultural conditions. In "From Bust to Boom and Back" he reveals the factors at work and how they are intimately linked with the banking system which both fuels the boom and triggers the bust. He offers a way out based on the insights of Adam Smith, David Ricardo and other classical economists.
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Review
[Harrison] does make a case for the existence of an 18-year business cycle, which he links to speculation in the property market --Samuel Brittan, FINANCIAL TIMES ...for anyone seeking to understand the vagaries of the housing market, this is a fascinating read --Jeff Howell, SUNDAY TELEGRAPH 'The man who predicted today's housing woes - ten years ago ... does Harrison really know something we don't?' Ross Clark, MAIL ON SUNDAY --Ross Clark, MAIL ON SUNDAY<br /><br />...for anyone seeking to understand the vagaries of the housing market, this is a fascinating read --Jeff Howell, SUNDAY TELEGRAPH<br /><br />'The man who predicted today's housing woes - ten years ago ... does Harrison really know something we don't?' Ross Clark, MAIL ON SUNDAY --Ross Clark, MAIL ON SUNDAY
...for anyone seeking to understand the vagaries of the housing market, this is a fascinating read --Jeff Howell, SUNDAY TELEGRAPH
'The man who predicted today's housing woes - ten years ago ... does Harrison really know something we don't?' Ross Clark, MAIL ON SUNDAY --Ross Clark, MAIL ON SUNDAY
...for anyone seeking to understand the vagaries of the housing market, this is a fascinating read --Jeff Howell, SUNDAY TELEGRAPH
'The man who predicted today's housing woes - ten years ago ... does Harrison really know something we don't?' Ross Clark, MAIL ON SUNDAY --Ross Clark, MAIL ON SUNDAY
Review
'[Harrison] does make a case for the existence of an 18-year business cycle, which he links to speculation in the property market'
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Customer Reviews
Most Helpful Customer Reviews
10 of 10 people found the following review helpful
By Foxylock
TOP 1000 REVIEWER
Format:Paperback
I found the predictions contained in this book to be uncannily correct and even a bit frightening. Fred Harrison proves the existence of an 18 year business cycle which coincides with the boom bust phenomenon that sweeps the global markets. With startling accuracy Harrison shows us that this has been happening for centuries and our governments are completely impotent. In the final chapter Harrison puts forward his own solution to the boom bust cycle which would no doubt raise a few eyebrows, but maybe we need boldness in the face of adversity. Economists and politicians take note !!
9 of 9 people found the following review helpful
Format:Paperback
I read this book in early 2006 - Hardcover. In hindsight, it is a horoscope for our future financial wellbeing. It predicted the banking crisis, the fall of banks and corporations previously perceived as too big to fail, with great insight and accuracy.
It is well written with easy chunks that allow the following of threads, historical references, and explainations of financial terms.
Read this now and protect your future wealth.
It is well written with easy chunks that allow the following of threads, historical references, and explainations of financial terms.
Read this now and protect your future wealth.
9 of 9 people found the following review helpful
Format:Paperback
Can't believe this book was written in 2005, it's all come true - why did Fred Harrison know what was going to happen and our Government didn't? or did they...?
Most Recent Customer Reviews
5.0 out of 5 stars
A good read, remember to pick up the authors earlier 1983 book too
Very informative and accurate book. As always is the case with books by this author with great intellectual capabilities that must be reserved a place in history among great... Read more
Published 15 months ago by Michael
5.0 out of 5 stars
Uncannily accurate
I first read this book in 2006 and have just recently returned to reread it. This should be the "bible" for anyone in the real estate sector. Read more
Published 19 months ago by Mrryadair
3.0 out of 5 stars
Nothing New under the Sun (& Moon...)
I could be wrong, but all he appears to be using is an amendment of Louise McWhirter's astrological findings from the 1930s, which predicted a recession in 2008/09. Read more
Published on 17 Sep 2009 by wu-wei
3.0 out of 5 stars
Doesn't add up to much
Nobody seemed to provide any sort of accurate prediction as to when the housing bubble would pop in the UK. Except that is Fred Harrison. Read more
Published on 10 Jun 2009 by Dr Bob
5.0 out of 5 stars
fred's being proved right
With UK house prices now crashing and many experts now foreseeing falls of up to 40% it looks like Fred Harrison is spot on with his predictions so far. Read more
Published on 1 Sep 2008 by Dave
1.0 out of 5 stars
High on opinions, Low on substance - buy something else
hmmm. not an impressive read. The Author alleges to build a case to 'prove' his 18 year economic cycle theory. The 'proof' offered is poor and not convincing. Read more
Published on 9 Mar 2008 by J. Tidmarsh
5.0 out of 5 stars
My Very Own Crystal Ball
A very interesting read. I purchased this book in mid 2006 and so far everything that was predicted has come true. Read more
Published on 26 Dec 2007 by Valiant
5.0 out of 5 stars
Scarily accurate so far
I read this book 6 months ago, and in the past few months have started to see signs that suggest the author is correct in his suppositions. Read more
Published on 17 Oct 2007 by Mimi in London
4.0 out of 5 stars
The coming depression - how low will he go ?
As a prominent proponent of the Land Value Tax it is intriguing to find that Fred Harrison comes down on the side of both private ownership and economic growth. Read more
Published on 21 Aug 2006 by CROISSANT5
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