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

by Harry S. Dent (Author) "THE INITIAL REBOUND in the stock market in 20032004 after the crash in October 2002 is a harbinger of the next great bull market in..." (more)
Key Phrases: total home purchases, spending wave, family formation cycle, United States, Roaring Twenties, Consumer Expenditure Survey (more...)

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.

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.

--This text refers to the Paperback edition.

See all Editorial Reviews

Product Details

• Hardcover: 336 pages
• Publisher: Free Press; illustrated edition edition (September 2004)
• Language: English
• ISBN-10: 0743222997
• ISBN-13: 978-0743222990
• Product Dimensions: 9.4 x 6.1 x 1.2 inches
• Shipping Weight: 1.1 pounds (View shipping rates and policies)
• Average Customer Review: 2.8 out of 5 stars See all reviews (66 customer reviews)
• Amazon.com Sales Rank: #451,617 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

64 of 66 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

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 (Santa Monica, CA) - See all my reviews (REAL NAME)

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.

70 of 77 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)

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.