How do you plot a safe course through the next financial crisis?
In the global bestseller The Great Depression Ahead, Harry S. Dent, Jr., predicted that the U.S. government's stimulus response to the 2008 crisis would fail. This failure is happening now. In The Great Crash Ahead, Dent outlines why the next crash is inevitable, and just around the corner.
For over twenty years, Dent's economic forecasts have been unique in analyzing what motivates consumers to spend their money. The largest generation in history, the Baby Boomers, hit their lifetime spending peak in 2007, when they were in the full swing of raising their children. But in the next few years Baby Boomers will start to save their money for retirement. This slowdown in growth, along with unprecedented levels of debt, will trigger the first deflationary period since the Great Depression of the 1930s. This will be a worldwide downturn, and Australia will not escape this time. Dent's predictions include:
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Comments about The Great Crash Ahead:
Good book to use as a reference to the state of our world economies and how our lives will be effected by the economic downturn we are falling into now. The authour goes to great lengths to factually support his statements. Sometimes it is a bit long winded. but still very informative and thought provoking.
Number Of Pages: 368
Published: 2nd January 2013
Publisher: Black Inc.
Country of Publication: AU
Dimensions (cm): 19.8 x 13.0 x 2.7
Weight (kg): 0.33
Edition Number: 1