The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in Historyby Harry S. Dent
The main reason to read The Great Depression Ahead is to see the most persuasive case that can be made for an extended economic decline in the United States and other developed countries. After understanding that case, you'll be in a better position to make decisions that will leave you better off regardless if the economy recovers quickly or keeps sliding down for several years (as it did in the early 1930s). Mr. Dent is better than most forecasters for this purpose because he provides lots of documentation for why he develops the scenario forecasts that he does. What's the essence of the case he's making?
1. Developed countries are facing many years when there will be declining numbers of people in their peak spending years.
2. A multi-decade commodity price cycle is about to peak to be followed by lower prices.
3. The burst bubble in real estate will be with us for some time, and prices will fall further and longer than most people expect.
4. There are no new innovations waiting in the wings to drive economic growth forward. He takes that scenario and develops investing, business, and personal financial planning solutions over the next century.
Don't take the book seriously. Learn from the assumptions, keep your eyes open, retain lots of cash in safe places, and look for terrific bargains.
See the book in AMAZON and protect your hard making money!
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