The Next Great Bubble Boom: How to Profit from the Greatest Boom in History: 2006-2010 [Paperback]

Harry S. Dent (Author)

Book Description

Publication Date: January 24, 2006

For over fifteen years, New York Times bestselling author Harry S. Dent, Jr., has been uncannily accurate in predicting the financial future. In his three previous works, Dent predicted the financial recession of the early nineties, the economic expansion of the mid-nineties, and the financial free-for-all of 1998-2000.

The Next Great Bubble Boom -- part crystal ball, part financial planner -- offers a comprehensive forecast for the next two decades, showing new models for predicting the future behavior of the economy, inflation, large- and small-cap stocks, bonds, key sectors, and so on. In taking a look at past booms and busts, Dent compares our current state to that of the crash of 1920-21, and the years ahead of us to the Roaring Twenties. Dent gives advice on everything from investment strategies to real estate cycles, and shows not only how bright our future will be but how best to profit from it.

Dent gives us all something to look forward to, including:

• The Dow hitting 40,000 by the end of the decade
• The Nasdaq advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009
• Another strong advance in stocks in 2005, with a significant correction into around September/October 2006
• The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010

Dent's amazing ability to track and forecast our financial future is renowned, and here he takes that ability to the next level, showing not only what our economy will look like but also how it will affect us as individuals, as organizations, and as a culture. From the upcoming wealth revolution to the essential principles of entrepreneurial success, the book describes a new society where economic and philanthropic development go hand in hand.

In The Next Great Bubble Boom, Dent shows not only how the economic growth of the late 1990s was a prelude to the true great boom right around the corner but how all of us can reap its benefits.

Editorial Reviews

Review

David Bach New York Times bestselling author of The Automatic Millionaire Nobody called the nineties boom and bubble like Harry Dent, and now he is calling for another unexpected bull market. All investors should take notice.

From the Inside Flap

Harry S. Dent has been among the most successful forecasters of his time: His books The Great Boom Ahead and The Roaring 2000s predicted the 1990s boom ahead of anyone else.

In this new, provocative look at the coming years, Dent again casts his discerning contrarian eye on what he sees as the good times to come—and the woes to follow. Among his key predictions:

• A third and final bubble takes the Dow to 35,000 to 40,000 and the Nasdaq to 13,000 by late 2009 or early 2010.

• A second technology boom brings cellular, Internet, and broadband connections to 90% of U.S. households by 2009.

• Inflation falls into early 2006 and rises mildly into 2009; then we see deflation between 2010 and 2023.

• Another devastating crash occurs between 2010 and 2012, which ushers in a thirteen-year bear market into 2022.

• Technology, financial services, health care, and Asia will be the best sectors from 2005 to 2009. Long-term bonds, health care, and Asia will be the best after 2009. --This text refers to an out of print or unavailable edition of this title.

See all Editorial Reviews

Product Details

• Paperback: 384 pages
• Publisher: Free Press (January 24, 2006)
• Language: English
• ISBN-10: 0743288483
• ISBN-13: 978-0743288484
• Product Dimensions: 8.4 x 5.6 x 1 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars  See all reviews (65 customer reviews)
• Amazon Best Sellers Rank: #974,350 in Books (See Top 100 in Books)

More About the Author

Harry S. Dent, Jr. mission as CEO and founder of economic research and analysis company HS Dent is 'Helping People Understand Economic Change'. As a former strategic consultant at Bain & Company, Dent's analysis states that demographic trends are the greatest drivers of our economy, along with radical new technologies, working together to follow a four-stage life cycle of innovation, growth, shakeout, and maturity. Since 1992 he has authored two consecutive best sellers The Roaring 2000s and The Roaring 2000s Investor (Simon and Schuster). In his latest book The Great Depression Ahead(Free Press), Harry Dent offers portfolio allocation strategies during an economic crisis, as well as the bad news that the worst of the housing downturn will occur between 2010 and 2013. Harry Dent also publishes the HS Dent Monthly Economic Forecast newsletter.

Customer Reviews

Most Helpful Customer Reviews

91 of 93 people found the following review helpful:

1.0 out of 5 stars A Master Spin Doctor, December 2, 2004

By 

Vincent Yin (Toronto, Canada) - See all my reviews

This review is from: The Next Great Bubble Boom: How to Profit from the Greatest Boom in History, 2005-2009 (Hardcover)

I can't dispute any predictions of the stock market, because nobody can know for sure until after the fact.

But I am really amazed at the shameless spinning by Harry Dent in his latest book about his past predictions. He makes it sound like he foresaw the crash of 2000-2002. But in fact, his previous book, The Roaring 2000s, published in late 1990's, made all sorts of bullish predictions that were totally 100% wrong in retrospect. When reading that book back in 1999, you'd get the urge of going all out to buy NASDAQ. In fact, his lucky streak of winning predictions for 1990s prompted the creation of the mutual fund AIM Dent Demographic Trends in late 1990s/2000 and of which Harry Dent is an adviser -- that fund underperformed S&P500 by a wide margin, not to mention that S&P500 was itself miserable for the past 5 years already. [...]

Now, I'd still respect Harry Dent if he had said in this latest book, "My predictions were wrong for the first half decade of 2000's, but I think the big trend will resume for the second half of the decade." But instead, he shamelessly spins his miserable track record of the past 5 years!

152 of 166 people found the following review helpful:

4.0 out of 5 stars Too simplistic, October 14, 2004

By 

Jaewoo Kim "OB-Wan" (Santa Monica, CA) - See all my reviews
(TOP 1000 REVIEWER)    (VINE VOICE)    (REAL NAME)   

Amazon Verified Purchase

This review is from: The Next Great Bubble Boom: How to Profit from the Greatest Boom in History, 2005-2009 (Hardcover)

This much waited book by now a famous economic forecaster pretty much repeats what he has stated in his previous works. The economy and the stock market will boom from now until around 2010. Then they will falter badly from 2010-2025 with 15%+ unemployement, deflation, bad housing market, and massive social problems. His advice is simple, invest heavily into the stock market until 2009 and bail. Homeowners should also sell their homes around 2009 and rent until 2013 when the housing prices should bottom. Business owners should also sell their high flying businesses around 2009.

Harry Dent's economic model has proven to be accurate. Although he tries to incorporate other statistical methdologies to backup his forecasts, Harry's main tool is still his demographical analysis. Based on the fact that spending patterns differ considerably based on age, Harry has done a great job of charting the future based on economic impact of domestic consumption based on demographical changes.

Here are what I thought were the flaws:

1)Harry makes little attempt to counter his own arguments. For example, Harry does not fully address the impact of the current 3%+ productivity growth. Also, the impact of the rise and the changes in the use of IT is not addressed fully. Harry dismisses these two trends as a mere side effects of demographics and technological progress. He apparently believes neither will change the outcome of the demographic economic cycle.

2)Harry does not fully address the impact of exports. Harry fully acknowledges that domestic consumption in Asia and South America will continue to increase well into 2020. Can the rise of US exports to these regions offset the lack of domestic consumption from 2010-2025? Harry doesn't make this clear.

80 of 86 people found the following review helpful:

1.0 out of 5 stars So Harry is at it again., August 18, 2005

By 

Tom Reilly (Denver, Co USA) - See all my reviews
(REAL NAME)   

This review is from: The Next Great Bubble Boom: How to Profit from the Greatest Boom in History, 2005-2009 (Hardcover)

Here is yet another book in which Harry Dent tries to cash in on his ridiculous demographic theories. Before investing any money on Harry Dent's advice, readers should do themselves a favor and investigate the history of the "Dent demographic trends fund". In June of 1999, Harry became a mutual fund advisor. It did okay for all of six months, then lost 70% of its value. It regained some ground in the last two years, but is still down substantially from its inception. Just a few weeks ago, the fund was quietly merged into another and the Dent name removed. It probably wouldn't be good for book sales if Harry's name was still attached to a losing mutual fund.

The charts and data may be of use, but people need to reach their own conclusions.