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Great Boom Ahead: Your Guide to Personal & Business Profit in the New Era of Prosperity Paperback – Illustrated, January 1, 1994
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From Publishers Weekly
Copyright 1993 Reed Business Information, Inc.
About the Author
- Grade level : 8 and up
- Item Weight : 10.9 ounces
- ISBN-10 : 9781562827588
- ISBN-13 : 978-1562827588
- Paperback : 288 pages
- Reading level : 13 and up
- Dimensions : 5.5 x 0.73 x 8.5 inches
- Publisher : Hachette Books; 1st, First Paperback Edition (January 1, 1994)
- Language: : English
- ASIN : 1562827588
- Best Sellers Rank: #173,249 in Books (See Top 100 in Books)
- Customer Reviews:
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As for other books by Mr. Dent, he decided to contradict himself and go for very unrealistic goals for the Dow. Read this book and ONLY this book. Too late to make a killing on the stock market but still time to get out of stocks before the coming slump.
UPDATE November, 2008:
Amazing. Forget about ALL of Mr. Dent's predictions after this book was written. Here are some direct quotes from this book. And he wrote this in 1993.
Mr. Dent states very clearly on page 16 "The next great depression will be from 2008 to 2023. How long will the depression last? 12 to 15 years. Why? The peak of the baby boom births occurred between 1957 in 1961. The next wave of births did not turn up until 1973 to 1976, or 12 to 15 years later. So you can expect a major economic downturn, starting around 2008 and lasting to around 2022 to 2023. No amount of government stimulus will prevent it, just as it didn't prevent the Great Depression of the 1930s." Now he wrote this book in 1993! Housing "housing will grow dramatically from 2000 to 2004".
Business failure. "This is a period of reckoning for the excesses that develop in the growth boom. As they prosper, industries invest far too much and building capacity in the race for leadership in growth markets. Therefore, when consumer demands drop predictably after a peak of a generation's spending wave, the economy is left with a pool of excess capacity. Price wars result from everybody dumping product at lower prices. A shakeout occurs, leading to the survival of the fittest. Only strong companies with greatest economic scale and brand loyalties will survive these times. This shakeout process results in layoffs and bankruptcies, which generate persistently high levels of unemployment and deflation in prices. Depressions occur at very specific time in the industry cycle. They can be predicted, and even tempered, but not prevented."
1993. He predicted this in 1993.