The Great Depression Ahead: How to Prosper in the Crash That Follows the Greatest Boom in History
"Economists cannot forecast the economy very well, and most would admit it if their jobs didn't depend on the fiction that they can. So most economists become closet extrapolators, with some minor tweaking for visible pending developments and policy changes. Even I can see to the next corner pretty well, but I can't see around the corner.There is one exception, however. Demographics! Demography, as they say, is destiny. The reason is that you can see the future based on the facts of the present and demonstrated behavior. You can see the pig, or the pigs, going through the python.Harry Dent is the reigning expert in applying sophisticated demographic analysis to economic forecasting. His past record of getting it right speaks for itself. I hope he's wrong this time. I hope we don't have a great depression by 2010. But given his track record, I won't be betting against him." --Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas"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, #1New York Timesbestselling author ofThe Automatic Millionaire<br /><br />"While many talk of change these days, the real question lies in assessing in what direction things will change. Harry Dent does a masterful job using demographics and other key cycles to lay out where and when changes will come that will have sweeping ramifications for our pocketbooks, our way of life, and our nation. I cannot more highly recommend this book." -- Mark Sanford, governor of South Carolina<br /><br />"Economists cannot forecast the economy very well, and most would admit it if their jobs didn't depend on the fiction that they can. So most economists become closet extrapolators, with some minor tweaking for visible pending developments and policy changes. Even I can see to the next corner pretty well, but I can't see around the corner.There is one exception, however. Demographics! Demography, as they say, is destiny. The reason is that you can see the future based on the facts of the present and demonstrated behavior. You can see the pig, or the pigs, going through the python.Harry Dent is the reigning expert in applying sophisticated demographic analysis to economic forecasting. His past record of getting it right speaks for itself. I hope he's wrong this time. I hope we don't have a great depression by 2010. But given his track record, I won't be betting against him." --Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas