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Description
BRAND NEW Please allow 4-7 working days for delivery This item is shipped from our NZ warehouse
The Great Crash Ahead: Strategies for a World Turn by Harry S. Dent
ISBN: 9781863955867 PUBLISHER: Black Inc. FORMAT: Paperback
PUBLICATION DATE: 2.01.2013 DIMENSIONS: 198mmX129mm
DESCRIPTION: How do you plot a safe course through the next financial crisis? In the global bestseller The Great Depression Ahead, Harry S. Dent, predicted that the US 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 analysing 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 US dollar will become the safe haven, while gold and silver crash; US 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. Given its lower debt levels and tighter banking regulations, Australia is positioned to weather the coming globa
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