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The Great Crash Ahead: Strategies for a World Turned Upside Down (Hardback)
$25.65 - Save $1.35 (5%) - RRP $27.00 Free delivery worldwide (to United States and
all these other countries) Usually dispatched within 48 hours | |Short Description for The Great Crash AheadIn his most recent New York Times bestselling book, The Great Depression Ahead, Harry S. Dent, Jr., predicted that the stimulus plan created in response to the first crisis would hit demographic and debt saturation headwinds and ultimately fail. In 2010, the stimulus plan had started to fail, and it was already stalling by the first quarter of 2011. The Great Crash Ahead outlines why the next cras...
Full description- Publisher: Free Press
- Published: 20 September 2011
- Format: Hardback 368 pages
- See: Full bibliographic data
- Categories: Finance | Investment & Securities
- ISBN 13: 9781451641547 ISBN 10: 1451641540
- Sales rank: 8,338
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Full description for The Great Crash Ahead
In his most recent New York Times bestselling book, The Great Depression Ahead, Harry S. Dent, Jr., predicted that the stimulus plan created in response to the first crisis would hit demographic and debt saturation headwinds and ultimately fail. In 2010, the stimulus plan had started to fail, and it was already stalling by the first quarter of 2011. The Great Crash Ahead outlines why the next crash and crisis is inevitable, and just around the corner?coming between 2012 and 2014. With incisive critical analysis and historical examples, this book lays bare the traditional assumptions of economics. Dent shows that the government doesn?t drive our economy, consumers and businesses do; that the Fed does not create most of the money in our economy, the private banking system does; and that the largest generation in history is now saving for or moving into retirement, meaning slowing growth. This is the new normal! Our banking system borrowed to lend for the first time in history with unprecedented leverage and debt levels of $42 trillion, way beyond the massive government debt. But the government?s promises and unfunded liabilities take the cake, at an estimated $66 trillion and growing! These massive debts will have to be restructured in a time of slowing spending, and this means a deflationary crisis, which is very different from the inflationary crisis of the 1970s and requires very different personal, investment, and business...
