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Title: Great Boom Ahead : Your Guide to Personal & Business Profit in the New Era of Prosperity by Harry S. Dent Jr. ISBN: 1-56282-758-8 Publisher: Hyperion Pub. Date: 01 January, 1994 Format: Paperback Volumes: 1 List Price(USD): $10.95 |
Average Customer Rating: 4.33 (12 reviews)
Rating: 5
Summary: A simple picture of why our economy is booming.
Comment: Harry Dent uses a simple and overlooked correlation between the age & size of the population and its relation to the value of the Standard & Poors index. The graphs in his book show a remarkable relationship between these two indices. The book, written in 1993 when the Dow Industrials stood at 2800, predicted a solid boom in the US stock market. And indeed it has happened, our current Dow in February of 1997 at 6800. A must read for the investor who wants to know why the economy is growing so prolifically, inflation is now deflation, and unemployment is so low in the USA
Rating: 5
Summary: Right on!
Comment: I read the hardback edition of this book soon after it was published. I considered it an interesting hypothesis at the time, but never expected it to be as accurate as it has proven to be. Not only have we had the incredible boom Mr Dent predicted, but now we see ample evidence of global recession orginating out of asia.
Rating: 4
Summary: An Update
Comment: An update on this 1992 book "The Great Boom Ahead" from the perspective of 2003. First, Harry Dent is the eternal optimist and this earlier book correctly predicted the bull market of the 90s, while Robert Prechter, Martin Weiss, Nick Guarino, etc. were all wrong (in their timing at least) in predicting a downturn and depression to occur. But wait....the 2000-2002 downturn that cost so many investors money has at least opened a few eyes. And on pages 16, 18 and 34-36 of this book Harry Dent himself predicts the "Mother of all Depressions" to arrive around 2010, when the baby boomers' spending spree is over and they begin to retire. So the eternal optimist Harry Dent AGREES with the eternal pessimists and "doom-n-gloomers" about the inevitable outcome. They just disagree on the timing. So somewhere between 2004 - 2010 we can expect the largest downturn in U.S. history since 1929-1932. Enjoy the rest of the boom !!
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