Dear ,
What are they saying about Harry Dent's new book, The Great Crash Ahead?
"Dent brings more very convincing analysis on the unbearable debt that is weighing down the US and world economy. But more important, he brings the unique lens of demographics to show how the Fed's stimulus plan is doomed to fail with the rising savings and slowing spending of the massive Baby Boom generation. A must read book for prospering in the inevitable debt crisis ahead."
--John Mauldin, 4 times New York Times best selling author of Endgame and financial newsletter publisher of Thoughts from the Frontline and Outside the Box.
"I have watched Harry Dent's unique demographic approach to the economy and his forecasts for over 20 years. He has seen most of the key economic changes way ahead of most. In fact, he forecast the current economic crisis 20 years ago! He has spoken at many of my events around the world and has helped many prepare for the unprecedented economic challenges we are facing today. But perhaps the best thing about Harry is his very human, understandable and common sense approach to economics."
- Anthony Robbins, Entrepreneur, Author and Peak Performance Strategist
"The Great Crash Ahead" sounds ominous, but it doesn't have to be if you know what factors to look at when making new decisions about your career, your investments and your business model. The old remedies won't work anymore, but visionaries Harry Dent and Rodney Johnson provide their unique insight on how to make your future a prosperous one.
--Ed Slott, CPA, author, IRA expert, creator of PBS Special "Stay Rich Forever and Ever"
"Dent is the reigning expert in using sophisticated demographic models to see around the economic corner. He saw the boom of the 1990s and warned that a bust would come in 2008 forward. Now he tells us the worst is not over. Harry makes a clear and compelling case for what could be a tough time ahead."
--Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas
Why should we care what Harry Dent has to say? There are several reasons but one of them is that these people care and they are really smart people. Another reason is that he has made some very accurate calls over the years. Is he always right? Of course not.
But he is right often enough about the big picture that we find him to be an invaluable resource. (Actually that's not true. We can put a value on it. We spend over $5,000 a year to have access to Harry's knowledge and research for our clients).
Harry's first book, The Great Boom Ahead, was first published in 1993. Here are a couple of his predictions from pages 15 and 16 of that first book.
-30 year fixed mortgage rates fall ultimately to 5 to 6 percent. (Remember this was back in 1993. He was right that rates would fall to unimaginable lows but even he underestimated how low they would end up going.)
-A Spectacular boom in the emrging industrializing countries in the Far East, Latin America, and Eastern Europe. Strongest countries-China and Mexico..(Again got the trend right and one of the two countries were correct. Not bad when looking 20 years into the future!)
-The next great depression will be from 2008 to 2023. (When did the market peak? October of 2007. Pretty darn close when making a prediction from 15 years ago!)
So What Is Harry Saying Now?
Here are just a few of the chapters.
-Deflation is the trend - and It Changes Everything
-Deleveraging and Deflation - It's All About Money and Restructuring of Debt
-Why the Stimulus Plan Will Fail - The Recovery Is Not Real
-How You Can Thrive and Survive!
The markets have been really volatile the last several months. Many people are wondering, has the Bear Market returned? Where is this thing headed? Is it starting all over again?
If you are wondering things like that and more then I would really suggest that you give Harry's new book a read. Here are a couple of links to Harry's book on Amazon.com and BarnesandNoble.com for your convenience.
ECONOMIC CALENDAR: Monday - U.S. Holiday: Columbus Day Tuesday - FOMC Minutes Thursday - International Trade, Jobless Claims, EIA Petroleum Status Report, Treasury Budget Friday - Retail Sales, Import and Export Prices, Consumer Sentiment, Business Inventories
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