The Great Crash Ahead: Strategies for a World Turned Upside Down Audio CD – 20 Sep 2011
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"The Great Crash Ahead" sounds ominous, but it doesn't have to be if you know what factors to look at when making new decisions about your career, your investments and your business model. The old remedies won't work anymore, but visionaries Harry Dent and Rodney Johnson provide their unique insight on how to make your future a prosperous one.
"--Ed Slott, CPA, author, IRA expert, creator of PBS Special "Stay Rich Forever and Ever""
"While being one of the most bullish and accurate forecasters for 20 years, Dent has always been warning that this great boom would end around 2008-2009. He now sees a bigger crash ahead and a deflationary environment that could ravage your portfolio. His warnings and predictions are well worth reading and taking seriously."
"--David Bach, #1 New York Times bestselling author of Start Late, Finish Rich and Debt Free for Life"
"I have watched Harry Dent's unique demographic approach to the economy and his forecasts for over 20 years. He has seen most of the key economic changes way ahead of most. In fact, he forecast the current economic crisis 20 years ago! He has spoken at many of my events around the world and has helped many prepare for the unprecedented economic challenges we are facing today. But perhaps the best thing about Harry is his very human, understandable and common sense approach to economics."
"- Anthony Robbins, Entrepreneur, Author and Peak Performance Strategist"
"Dent brings more very convincing analysis on the unbearable debt that is weighing down the US and world economy. But more important, he brings the unique lens of demographics to show how the Fed's stimulus plan is doomed to fail with the rising savings and slowing spending of the massive Baby Boom generation. A must read book for prospering in the inevitable debt crisis ahead."
"--John Mauldin, 4 times New York Times best selling author of Endgame and financial newsletter publisher of Thoughts from the Frontline and Outside the Box"
"Dent is the reigning expert in using sophisticated demographic models to see around the economic corner. He saw the boom of the 1990s and warned that a bust would come in 2008 forward. Now he tells us the worst is not over. Harry makes a clear and compelling case for what could be a tough time ahead."
"--Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas "
"You can't accuse Harry Dent of being a wimpy thinker. His new book is full of confident analysis and bold predictions. Whether he will be right about all of it, who can say? But his core theme is fascinating and provocative; his book is a delight."
"--William Bonner, President and CEO of Agora Inc.; author of Dice Have No Memory and Empire of Debt" --This text refers to an out of print or unavailable edition of this title.
About the Author
Harry S. Dent is the president of the H.S. Dent Foundation and the Managing Director of H.S. Dent Advisors. A Harvard MBA, Fortune 100 consultant, new venture investor, and noted speaker, he is the author of The Great Depression Ahead, The Great Boom Ahead, The Roaring 2000s, and The Next Great Bubble Boom. --This text refers to an out of print or unavailable edition of this title.
Top customer reviews
Harry S. Dent, Jr. and Rodney Johnson combine analyses of demography, prices, debt levels, deleveraging, asset bubbles, and government policies to present a strong argument in favor of major continuing deflation combined with economic weakness and higher unemployment beginning in the next three years and hanging around for some time. While governments are trying to engineer inflation without much success, it's a sobering thesis . . . and well worth studying as a way to be sure that your personal plans and financial practices will allow you to prosper should this well-documented scenario play out.
Naturally, no one can really forecast what's going to happen with prices, economic growth, and unsustainable levels of debt at a given point of time. There are just too many moving parts and too many things that can happen to intervene (such as the sovereign debt and banking solvency crisis in Europe).
Understanding risk is an essential element of gaining financial rewards. The authors provide solid, well-documented arguments for their conclusions that are well worth your time and attention.
If the book has a weakness, it's in perhaps being a little too convinced in the one scenario. If you are looking for financial advice, you may be disappointed that more attention is placed on the scenario than on identifying how specific advice might work out if the authors are wrong in any of their conclusions.
If you have been reading Mr. Dent's books, you'll probably only find the updates on debt and government policies to be relatively new.
That said; it's good to see an update of Mr. Dent's way of thinking. I enjoyed the book.
If this scenario does play out, spend more time thinking about how to go short than this book explicitly discusses. It could be one of the great short selling opportunity periods of all time.
Although it can get a bit technical, it is a balance to the opposing view and, therefore, provides the information necessary for an informed decission.
Most helpful customer reviews on Amazon.com
My husband hasn't spoken to me since he opened it, not even for one of his 2 hour lectures about how the stock market is about to fall apart completely and the current financial systems are worthless, so I would buy it again and again.
(to be completely fair, I did pick this book up and read it the other day, and while its not quite my cup of tea, it is very well written, and in such a way to make the subject matter a bit more interesting than I would usually find it.)
Great gift for the talking heads and stuffed suits in your life!
The book is worth reading. There is a lot of good information in his book. Harry Dent comes across as sort of a mad genius in real life. Still, I would like to meet him. He is sincere in his opinions. Recently, the stock market looks unsteady as it might fall hard. If this is actually the case then the book will come in very handy, especially if you have already read it and prepared yourself.
My comments about the newsletter aside, you will want to read book first to at least get a perspective on the current economic crisis and some ways to profit from it.
Backed by the track record of calling expansions and pull backs in the economy for the last 25+ years, he has been more accurate than almost anyone I know. The book pulls no punches and the 1st chapter outlines much of the information that will be explained in the rest of the book, so you will know what you are getting before you buy.
Dent's demographically driven economic model lays to rest the idea that I learned in college that the government has the tools to manage the economy for controlled growth using monetary & fiscal policy. This book explains that there are forces beyond the scale that these tools can manage. Like a captain trying to keep a ship on course through a typhoon, these forces of nature are more than a match for the controls we have at our disposal. It is time to batten down the hatches for a wintery storm.
It is not required that you have a degree in economics to understand Mr. Dent. As you can see, his writing style is very understandable, although there are some technical items too heady for most readers. His advise for home owners, business owners and investors is straight forward and clear. His advise for government is very sound, IMHO.
I do not fully agree with all his predictions. He is expecting deflation in the years to come as the US economy contracts. I think that the government will not have the discipline to avoid inflation. That said, because of what I read in his book I now believe that we can avoid hyper-inflation.
By the way, what he reveals about the coming problems for China was something I had no idea was coming and everyone needs to know.