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Imagine a machine that could predict pivotal economic events years
before they occur, giving both individual investors and leaders the
necessary foresight to plan ahead. Imagine that this prescient
machine could forecast every major economic expansion and
contraction in the U.S. over the last 140 years, including the
Great Recession. Imagine that this machine were real. Enter the
Financial Time Machine, an innovative method of forecasting that
employs generational economics to analyze the economic past of the
U.S., as well as, Europe and Asia, and peer forward to our shared
economic destiny. Take a journey on the time machine and see what
it forecasts at YouTube - youtube.com/watch?v=oqVXU_CXaRM - All
aboard ] Five diverse generations were born in the 20th century,
including the Greatest, War Boom Baby, and Millennial generations.
From our first job through retirement, we, as do these generations,
pass through eight progressive stages comprising our Financial Life
Cycle. The Financial Time Machine analyzes the size and progress of
each generation through its Financial Life Cycle to reveal the
powerful impact upon the economy. In 2001, Rob Oberst developed a
model to project future economic trends that forecast a devastating
recession or depression starting in 2008. In 2007, when the
economic climate aligned with these projections, he exited the
market. Encouraged by the results, Oberst further developed the
model, which to his amazement predicted every major economic cycle
back to the Civil War, including the Great Depression. Oberst named
this groundbreaking device The Financial Time Machine. Even though
the model powering it is complex, driving it is relatively easy.
After testing the Financial Time Machine, he drove it into the
future to see the course of the U.S. economy. See what it
forecasts.
At the dawn of a new millennium, faith in technology soared
following the successful eradication of the potentially paralyzing
Y2K bug. Young dot-coms with little experience and possessing few
assets other than a concept, flourished boasting market values in
the millions and even billions of dollars. Then reality settled in
as the market crashed and over a hundred dot-coms perished. The
highflying NASDAQ dropped over 60% and the longest economic
expansion teetered on the brink of recession. Despite the
disconcerting scenario, this was not the demise of the Web, but
merely the conclusion of its innocent childhood or the first stage
of meteoric growth. After all, the Web was only 10 years old. There
were still trillions of dollars worth of opportunities, as the more
rigorous applications waited to be accomplished. The Web is a
revolutionary event, yet there is no evident vision of its future.
This book projects the Web until the year 2020 and will interest
anyone intrigued by the Web, but perplexed by its seemingly erratic
course. The book clarifies the murky Web, showing how it will
interconnect emerging digital technologies to revolutionize our
home, work, and society. In short, 2020 Web Vision will relieve the
future shock engendered by the Web. It will also be helpful to
those interested in building new applications or investing in
future technological enterprises.
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