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The Great Crash Ahead: Strategies for a World Turned Upside Downby Harry S., Jr. Dent
Synopses & Reviews
Now available in paperback, from the bestselling author of The Great Depression Ahead, a book that continues to show readers how to weather the storm in these tough economic times by cautioning against the misguided beliefs that lead to bad investment decisions.
Widely respected in the financial world for his accurate forecasts, Harry Dent lays bare the traditional assumptions of economics. In The Great Crash Ahead, he explains 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; and that the largest generation in history is now saving for or moving into retirement, meaning slowing growth. Our banking system borrowed to lend for the first time in history with unprecedented leverage and debt levels of $42 trillion, way beyond the massive government debt.
These debts, Dent argues, will have to be restructured in a time of slowing spending, which means a deflationary crisis requiring new personal, investment, and business strategies. The economic crisis will likely last until 2015, he says, but the greatest surprise of the coming years will be that the U.S. dollar appreciates, while the gold and silver bubbles burst and real estate sees another round of declines. From a well-respected and reliable source, The Great Crash Ahead is an essential book for every American looking to make smart, cautious investments.
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.
About the Author
Harry S. Dent is the president of the H.S. Dent Foundation and the Managing Director of H.S. Dent Advisors. A Harvard MBA, Fortune 100 consultant, new venture investor, and noted speaker, he is the author of The Great Depression Ahead, The Great Boom Ahead, The Roaring 2000s, and The Next Great Bubble Boom.
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