“All bubbles collapse”, warns Harry Dent. Australia emerged remarkably unscathed from the last great global recession of 2008/09. But with heavily overvalued real estate and rapidly falling commodity and resource prices, are we heading for an economic downturn?
As a leading economic forecaster, Harry Dent relies on a not-so-secret weapon: demographics. Dent can tell a client exactly when people will spend the most on a bag of chips, or a car. And he can explain why our economy has risen and fallen with the peak of spending generations, and why we now face a growing demographic cliff with the accelerating retirement of the Baby Boomers around the world.
Dent offers prescient advice on retirement planning, health care, real estate, education, investing, and business strategies. He shows that if you take the time to understand demographic data, using it to your advantage isn’t all that difficult. By following his suggestions, readers will be able to find the upside to the downturn and learn not only how to survive, but to prosper during the challenging years ahead.
‘This book is a sobering reminder of the risk of relying on price bubbles for prosperity … it has many lessons for economies such as Australia’ —The Deal
‘I have worked in the highest level of U.S. politics and see a disaster in the making as the government employs endless stimulus plans and bailouts that destroy the very free market capitalistic system that has made it the richest major country in the world. Harry Dent adds the reality of aging societies and slowing demographic trends to show why such reckless debt-driven policies are certain to fail.’ —David Stockman, author of The Great Deformation: The Corruption of Capitalism in America
‘Whether you know it or not, you are careening toward a demographic cliff. With this riveting book, esteemed economic forecaster and visionary Harry Dent has produced a must read for the next decade and beyond. It will keep you flying high while the rest of the world tumbles blindly through the turbulence.’ —George Gilder, author of Knowledge and Power, Wealth and Poverty, Microcosm, and Telecosm
‘Harry Dent has drawn on his unique approach to demographic forecasting as a speaker at my events for twenty years. Over the last three decades, he has accurately predicted the 1990s surging markets, Japan’s twenty-year economic tailspin, and the U.S. market peak in 2007. His ability to help people understand, in simple terms, some of the most important forces that have helped shape our economy is invaluable. Read this book and find out what impact Harry believes demographics will have on our economy in the coming years.’ —Anthony Robbins, entrepreneur, author, and peak performance strategist
‘In Endgame I outlined the global debt that makes a financial crisis inevitable. Harry Dent goes further and shows how a succession of demographic slowdowns following Japan and the United States will make the endless government stimulus plans doomed to fail. He even shows that real estate will not be the same again with rising sellers versus buyers. This is a must-read book for prospering in the debt crisis ahead.’ —John Mauldin, author of Code Red, chairman of Mauldin Economics, and editor of Thoughts from the Frontline and Outside the Box
Harry S. Dent, Jr., is the author of the New York Times bestseller The Great Depression Ahead (2008). He is the president of the H.S. Dent Foundation and founder of Dent Research, which publishes Survive and Prosper, Boom and Bust, and HS Dent Forecast. He has an MBA from Harvard, has consulted to Fortune 100 companies, and lectures widely. He lives in Tampa, Florida.