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The Great Depression Ahead (Abridged): How to Prosper in the Crash That Follows the Greatest Boom in History Audiobook
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(3.06) - 164 listener ratings
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Publisher Description
Harry S. Dent predicted our current economic crisis, and he foresees still more to come. He predicts that we are headed further towards a major depression reminiscent of Japan’s major recession more than a decade ago, from which their real estate market has yet to recover. With the current state of the stock market causing investors around the world to be nervous, and searching for answers, The Great Depression Ahead offers important advice to help readers not just survive, but prosper in the face of the crash.
Dent has developed theories that have accurately predicted changes in the market. He is a frequent target of economists, yet with few exceptions, Dent has always been right about the market. With fully updated predictions and reflections on all that has happened since the hardcover came out in December of 2008, this is a book on the economic crisis that we can’t afford not to read.
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"Years ahead of time, he predicted the 2009 (or late 2008) dip based on his "consumer spending" cycle analysis from his book "Roaring 2000's" that I also enjoyed years ago. He feels a World War may happen in the 2020's due to cyclical historical patterns. Hmmmmm. His estimates in the book are off due to a few things, but Obama's "stimulus package" is a biggie. If you factor in this book with his web site for more current updates, that would be a good start. International investing is riskier than he's making it seem. Also, he seems to misunderstand the significance of Islam, assuming they will fade out of the scene related to world events. But overall, I found it very helpful."
— Paul (4 out of 5 stars)
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“Dent’s...theories are persuasive and elaborated in meticulous descriptions of historic economic trends and cycles. The author’s candor is refreshing, especially when he discusses how equity investments experience a wide variety of returns, including substantial losses or extraordinary gains—and that the financial press has failed to remind the public of this fact.”
— Publishers Weekly -
Dent has always been warning that this great boom would end around 2008-2009. He now sees a bigger crash ahead and a deflationary environment that could ravage your portfolio. His warnings and predictions are well worth reading and taking seriously.
— David Bach, #1 New York Times bestselling author of The Automatic Millionaire -
While many talk of change these days, the real question lies in assessing in what direction things will change. Harry Dent does a masterful job using demographics and other key cycles to lay out where and when changes will come that will have sweeping ramifications for our pocketbooks, our way of life, and our nation. I cannot more highly recommend this book.
— Mark Sanford, governor of South Carolina -
Economists cannot forecast the economy very well, and most would admit it if their jobs didn't depend on the fiction that they can. So most economists become closet extrapolators, with some minor tweaking for visible pending developments and policy changes. Even I can see to the next corner pretty well, but I can't see around the corner. There is one exception, however. Demographics! Demography, as they say, is destiny. The reason is that you can see the future based on the facts of the present and demonstrated behavior. You can see the pig, or the pigs, going through the python. Harry Dent is the reigning expert in applying sophisticated demographic analysis to economic forecasting. His past record of getting it right speaks for itself. I hope he's wrong this time. I hope we don't have a great depression by 2010. But given his track record, I won't be betting against him.
— Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas -
“What Harry Dent brings to the much-discussed subject of the now-insolvent world markets is an unrelenting grasp of both the facts and the figures behind the greatest financial collapse of modern times. His subdued tone conveys a hard edge as he tells of the hardships surrounding plummeting real estate values.”
— AudioFile -
“[Dent] makes a compelling case for his predictions...This is an excellent book to challenge a broad range of library patrons.”
— Booklist
Awards
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A New York Times bestseller
The Great Depression Ahead Listener Reviews
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" Okay, When I say I read it, I'm lying. I skimmed it. Enough to know that I'm not enough there with investing and economics to understand it well--at least not without some deep, quiet study. But, it was still interesting. Harry S. Dent uses history and economic patterns to predict future economic trends. He has had a measure of success. He also has many who disagree with his predictions and assumptions. If I had a greater understanding of economics (and a quieter house in which to concentrate), I might have read more deeply and learned something that would change my spending/investing/saving habits and philosophies. But without the quiet house, it was interesting for a moment and won't change much. "
— Konnie, 2/18/2014 -
" Skimmed. Read chapters summaries. This book is intended for people with investment resources. Not what I was looking for. Basically advises investors to abandon cities that do not have positive domestic immigration. He ignores thinks I think he should not. For instance, he thinks that since echo boomers are heading for the South and Southwest, that those are places to invest. I wonder what while happen when the water runs out. I think he optimistically underestimates current events and their long-term effects. "
— Matriarchy, 2/17/2014 -
" Not the best book I've read, but really interesting predictions on the upcoming years. I'm pretty sure Dent is right-on with the economy tanking. But things wouldn't be interesting if we could see the future, right? "
— Nick, 2/16/2014 -
" Tough reading. Also current immediately only then all changes "
— Brett, 2/6/2014 -
" We are in big trouble, and the bail outs are NOT going to fix the fundamental problem.....plus rewarding greed, fraud and screwing the american people is NOT the answer. "
— Sheik, 1/18/2014 -
" An insightful demographics-based evaluation of the global economy, with an outlook for the next decade that is not at all cheerful! "
— Patrick, 1/6/2014 -
" From the man who has written a lot about the economy and trends...he says this is only the beginning and we won't get out of the recession/depression for a long while...artifical help can't get us out of the hole we are in...and he basis this on history and trends. "
— Tracy, 12/12/2013 -
" Full of assumptions and exaggerations - not worth the time "
— Shawn, 10/15/2013 -
" As usual, Dent does a good job tying things together using demographics "
— David, 9/20/2013 -
" An absolute must-read for anyone interested in a financial education. "
— Greg, 8/17/2013 -
" Makes a strong argument about the power of demographics. Hard to ignore the predictions that have come to fruition while being laughed at by the financial experts ;-) "
— Michael, 7/18/2013 -
" Extremely technical discussion about not only the depression the author sees coming, but the numbers behind his reasoning. I've seen Mr. Dent interviewed several times and is a compelling figure, but I hope to God he's wrong. "
— Tracykate2002, 8/14/2012 -
" Good historical economic charts, for future updated charts he asks you to join his site/newsletter. "
— Qusay, 2/2/2012 -
" I sure hope everything he forecasts in this book doesn't come to pass. However, the trends he discusses are quite interesting. THere were lots of charts and it wasn't a quick read, but as with his other books, I did learn some things. "
— Mbrief, 5/15/2011 -
" Dent uses demographics to explain why we are headed into another depression. Though provoking and insightful. "
— Bradley, 2/16/2011 -
" I have looked at the coming crash (much deeper than what has happened so far), which I see as unavoidable, from many perspectives. This is a forecast based almost exclusively on demographic trends. It is well worth the read. "
— Steve, 7/3/2010 -
" Though probably not terribly more accurate than the reading of entrails, this earnest exploration of the likely effects of intersecting secular trends, all centered around demographics, provides a possibly useful framework against which to weigh ones own view of likely future scenarios. "
— William, 6/21/2010 -
" I believe the author misses a number of big changes dues to monetary issues, but on a purely demographic angle he brings some brilliant insights. "
— Void, 5/22/2010 -
" A great book. Dent analyzed the US economy from the geographic and demographic perspective. His writing is quaint yet the concepts are contemporary. On the contrary of the gloomy title, there is a foretaste of sunray and hope in the content. Highly recommended. "
— Susanna, 9/15/2009 -
" Very repetitive and a little out of date "
— J, 2/18/2009
About Harry S. Dent
Harry S. Dent, Jr., is recognized as one of the most reliable economic and business trend forecasters of our time. He has been profiled and quoted in Fortune, Business Week, the Wall Street Journal, Investors Business Daily, and Entrepreneur and regularly appears on CNN, Fox, and CNBC. He is a Fortune 100 consultant, small business manager, new venture investor, and noted speaker and has a Harvard MBA. He stood virtually alone in forecasting the unanticipated boom of the 1990s in his book The Great Boom Ahead. He also predicted a downturn in the US that would start around 2008. In 1989, when Japan looked invincible, he forecasted that the Land of the Rising Sun was on the verge of a 12–14-year downturn, which followed in short order. He offers a refreshingly understandable view of how the economy works and suggests practical applications at all levels, uniquely using the science of demographics to identify changing trends and opportunities. He has proven that by using his approach to understanding the economy you can foresee the key economic trends that will impact your life, your business, and your investments over the rest of your life.