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With incisive critical ana lysis and historical examples, "The
Great Crash Ahead "lays bare the traditional assumptions of
economics, outlining why the next financial crash and crisis is
inevitable, and just around the corner-- coming between mid-2012
and early 2015. Widely respected in the financial world for his
accurate forecasts, Harry S. Dent, Jr., shows that the government
doesn't drive our economy, consumers and businesses do; that the
Fed does not create most of the money in our economy, the private
banking system does. This necessary and illuminating book gives
very clear strategies for prospering in the challenging decade
ahead . . . a world turned upside down.
Bestselling author and financial guru Harry Dent shows why we're
facing a "great deflation" and what to do about it now. Throughout
his long career as an economic forecaster, Harry Dent has relied on
a not-sosecret weapon: demographics. He can explain why our economy
has risen and fallen with the peak spending of generations, and why
we now face a growing demographic cliff with the accelerating
retirement of the Baby Boomers around the world. Inflation rises
when a larger than usual block of younger people enter the
workforce, and it wanes when large numbers of older people retire,
downsize their homes, and cut their spending. The mass retirement
of the Boomers won't just hold back inflation; it and massive debt
deleveraging will actually cause deflation. Dent explores the
implications of his controversial predictions and offers advice on
retirement planning, health care, real estate, education,
investing, and business strategies.
The book that predicts America's greatest era of prosperity, by one
of the country's most astute prophets of economic trends. "A
must-read book! The upbeat message and breakthrough tools
individuals and businesses need to get our economy moving
again".--Ken Blanchard. Charts throughout.
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