9781451641554

The Great Crash Ahead Strategies for a World Turned Upside Down

  • ISBN 13:

    9781451641554

  • ISBN 10:

    1451641559

  • Edition: Reprint
  • Format: Paperback
  • Copyright: 09/11/2012
  • Publisher: Free Press

Note: Not guaranteed to come with supplemental materials (access cards, study guides, lab manuals, CDs, etc.)

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Summary

Now available in paperback, from the bestselling author of The Great Depression Ahead, a book that continues to show readers how to weather the storm in these tough economic times by cautioning against the misguided beliefs that lead to bad investment decisions. Widely respected in the financial world for his accurate forecasts, Harry Dent lays bare the traditional assumptions of economics. In The Great Crash Ahead, he explains that the government doesn't drive our economy, consumers and businesses do; that the Fed does not create most of the money in our economy, the private banking system does; and that the largest generation in history is now saving for or moving into retirement, meaning slowing growth. Our banking system borrowed to lend for the first time in history with unprecedented leverage and debt levels of $42 trillion, way beyond the massive government debt. These debts, Dent argues, will have to be restructured in a time of slowing spending, which means a deflationary crisis requiring new personal, investment, and business strategies. The economic crisis will likely last until 2015, he says, but the greatest surprise of the coming years will be that the U.S. dollar appreciates, while the gold and silver bubbles burst and real estate sees another round of declines. From a well-respected and reliable source, The Great Crash Ahead is an essential book for every American looking to make smart, cautious investments.

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