The first and last economic depression of your lifetime is happening right now.
Did you know our stock market and economy have peaked every 40 years due to generational spending trends: in 1929, 1968 and 2009? Did you know that oil and commodity prices have peaked every 30 years: in 1920, 1951, 1980 and 2010? The three massive bubbles of recent decades – stocks, real estate and commodities – have all peaked and are now deflating simultaneously.
Harry S. Dent Jr. has observed these trends for decades and developed techniques to predict their impact. In The Great Depression Ahead, he identifies the following:
- The economy appears to recover before stock prices start to crash again in late 2010 and flatten around mid-2012
- Gold and precious metals will appear to be a hedge at first, but will ultimately collapse after mid- to late 2010
- A first major stock rally between mid-2012 and mid-2017 will be followed by a final setback in late 2019 and early 2020
- The next global bull market will be from 2020–2023
Despite the dire news, there are real new-wealth opportunities ahead. Dent offers practical advice to allow families, businesses, investors and individuals to manage their assets correctly and come out on top.
Your life is changing for reasons outside of your control. You can’t change the direction of the winds, but you can reset your sails!