The Great Crash Ahead: Strategies for a World Turned Upside Down

SKU: PR544350
filler

Price:
$39.95

Description

Condition: BRAND NEW
ISBN: 9781863955867
Format: B-format paperback
Year: 2013
Publisher: Black Inc
Pages: 368


Description:
How do you plot a safe course through the next financial crisis?
In the global bestseller The Great Depression Ahead, Harry S. Dent, Jr., predicted that the U.S. government's stimulus response to the 2008 crisis would fail. This failure is happening now. In The Great Crash Ahead, Dent outlines why the next crash is inevitable, and just around the corner.
For over twenty years, Dent's economic forecasts have been unique in analyzing what motivates consumers to spend their money. The largest generation in history, the Baby Boomers, hit their lifetime spending peak in 2007, when they were in the full swing of raising their children. But in the next few years Baby Boomers will start to save their money for retirement. This slowdown in growth, along with unprecedented levels of debt, will trigger the first deflationary period since the Great Depression of the 1930s. This will be a worldwide downturn, and Australia will not escape this time. Dent's predictions include-
Stocks, commodities and real estate will crash again, including real estate in Australia. The U.S. dollar will become the safe haven, while gold and silver crash. U.S. Treasury bond yields will spike then fall for several years, creating a long bond bull market. Opportunities of a lifetime for investments will appear after the crash, especially in health care and Asia.

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