Top positive review
131 people found this helpful
Solid Overview - Excellent Research. Why It's Worth Your Time to Read and Share
on September 21, 2011
Inflation versus Deflation. It's one of the most hotly contested topics in economic and financial circles. As a college instructor and business writer, there are a few authors that I always make a point of reading...Dent is one of them in part because of his deflationary position. He is an unapologetic, hard-core deflationist...I'm not, but there is a great deal of value in keeping an open mind and considering all points of view.
However, Dent is also a superb researcher with a focus/concentration upon demographic research which is worth the time and effort to read in its own right. Unlike many authors that fail to provide sufficient references or resources for their claims (ie, opinions), Dent takes great pain to substantiate all conclusions with research, data, articles and graphics while remaining reader-friendly and engaging.
The first section of the book covers basic economic and fiscal theory, history and the expected "how we got here"...depending upon your school of thought, you may agree or disagree with some of the assumptions but the data is equally fresh and relevant. Dent does a stellar job with this section and really goes above and beyond the same old stale data to truly paint a picture of the madness gripping both this nation and the globe.
Next, the book covers what "to do" and what "not to do" with an emphasis on small business owners rather than merely individual investors. Both are included which is a nice change from solely a personal finance perspective.
Finally, there are pages upon pages of references for those interested in pursuing additional readers...as well as the "sales pitches". Now, as for the "sales pitches"...these are a modern irritation which I've never quite learned to live with. There are sporadic insertions inviting the reader to sign-up for a free webinar, newsletter or other throughout the book with several pages of pitches at the end of the book. Aside from that, the authors are fairly restrained and do not skimp on information nor require the reader to participate in sales to access "the meat" of the issue.
As for topics covered...the author(s) make some compelling points regarding deflation at least in the short-term then relate how various investments will perform in light of these assumptions. Real estate, bonds, the stock market at large, foreign investments, small business ownership, multiple streams of income etc are each reviewed. Special emphasis is placed upon retirement planning as well as various other demographic cohorts and associated spending patterns. An excellent overview of government retirement obligations and implications on retirees, future taxation, benefits etc is a "must read" for everyone!
All in all, a well researched book that is well worth the time and effort to read even if you do not agree fully with some of the basic assumptions (ie, rationality for example) or suggested course of action.