The Great Depression Ahead

How to Prosper in the Crash That Follows the Greatest Boom in History

By: Harry S. Dent

Narrated by: Harry S. Dent

Length: 6 hrs and 27 mins

Publisher's Summary

The New York Times best-selling author of The Roaring 2000s guides listeners through the biggest economic crisis since the Great Depression.

The first and last economic depression that you will experience in your lifetime is just ahead. The years 2009 and 2010 will be the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before. Renowned economic forecaster Harry S. Dent, Jr. has developed analytical techniques that allow him to predict the impact of economic trends, including the following:

The economy appears to recover from the subprime crisis and minor recession by mid-to-late 2009 "the calm before the real storm."

Stock prices start to crash again between mid-to-late 2009 into late 2010, and likely finally bottom around mid 2012 - between Dow 3,800 and 4,500.

The economy enters a deeper depression between mid 2010 and early 2011, likely extending off and on into late 2012 or mid 2013.

Asian markets may bottom by late 2010, along with health care, and be the first great buy opportunities in stocks.

The next broad-based global bull market from 2020-2023 into 2035-2036.

Conventional investment wisdom will no longer apply, and investors must drastically reevaluate their policies in order to survive.

Dent offers long and short-term recommendations that will allow families, businesses, investors, and individuals to manage their assets correctly and come out on top rather than get caught in a downward spiral.

Download the accompanying reference guide.

©2009 Harry S. Dent (P)2009 Simon & Schuster Audio

Critic Reviews

"I hope he's wrong this time. I hope we don't have a great depression by 2010. But given his track record, I won't be betting against him." (Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas)

Too much sense here to ignore it

I read the previous review where the writer stated that there were too many what ifs. Well, there are a lot of what ifs in life, but the general theme of this book does not rely on what ifs- it relies on previous cycles and history. The only very questionable cycle is the "terrorist cycle" which only appeared 1992 and 2001. Otherwise, I find the information credible and will prepare with it in mind. Bad news does sell, but bad news also really happens..........

The Science of Observation and Forecasting

The Science (and art) of forecasting is complex and mysterious. To suppose it will be laid out in a clear linear fashion is quite illogical.
It's easy to dismiss a theory based on a given perception, but the previous comment display how easily that is skewed.
The terrorist cycle did not begin in 1992. The activities of terrorists have marked economic and political scenes for decades and indeed centuries.
The IRA (Irish Republican Army) conducted terrorist attacks through most of the 60's and 70's. The KKK terrorized the southern USA through the first half of the 1900's. The Bader Meinhoff gang brought terror to Europe and the UK as well to many Americans in the 70's.
Do you see how the omission of a simple perspective changes much?
Harry Dents pendantry is necessary to understand the convoluted nature of cycles, and more importantly the use (and abuse) of such knowledge by the global elite who manipulate, and to a great extent, 'drive' such cycles.

That money exists to serve the 'Uber-Rich' should be obvious to even the casual student of history.

What is curious is the persistant belief that all movements of economics is axiomatic and beyond human control. The old money comes with old knowledge and power. We the people never weild it, we are it's slaves.

A good look at a subject steeped in contradictions. However, Man plans - God laughs.

Repetitive Repetitive Repetitive

The book has some interesting pints and I will definitely take demographics into account when investing. However, Mr. Dent world does not capture all factors. For example, information grows exponentially so our knowledge and innovation would also grow faster which goes against Mr. Dent's cycles. Just one example.

The biggest problem I have with the book is how repetitive it is. I think the book could of been 1 hour maybe 2.

While Mr. Dent does show many cycles in the US he sometimes uses foreign example to get his point across. If you base your theories on a US model, he should not use so many examples from countries that are not in his model. If the book was 1 hour it might be worth it but at 6.5 hours don't waste your time.

will be spending and allocating differently

I agree with the previous reviewer that this book makes a lot of sense. After hearing this book, I will be spending and allocating very differently. I checked his previous work (just to be certain), he wrote a book called "The Roaring 2000s" and was able to hit the trends with accuracy, although his predictions on how high or how low the stock market was going to hit was off. For me, being able to predict the trends for a given year can shed enough light into an investing style that year.

Predicted a depression 2010-2012

I’m reading this in 2020. We didn’t get a Great Depression in 2010-2012, even though all his predictions throughout the book pointed to 2012. He needs an update

reaching, but still entertaining.

reaching, but still entertaining. I read the book in retrospect, and it turns out he guessed rather accurately the 2009 crisis though the prediction was just a little later than it actually occurred. Otherwise it's still good to hear The Coincidence of trends historically. I'm not sure I would bet my life on any of it, but certainly worth paying attention to it factoring into the overall picture.

The real depression starts with you listen

What disappointed you about The Great Depression Ahead?

To have general failed predictions is ok, but to go country by country and make a hundred very specific failed predictions about every one is just painful to listen to.

Would you be willing to try another one of Harry S. Dent’s performances?

No.

What reaction did this book spark in you? Anger, sadness, disappointment?

I couldn't wait for it to be over.

WASTE of money. very superficial book

What disappointed you about The Great Depression Ahead?

Dont buy it. no depth. no sense, no value.

buy another book. it seems more like guessing by the author

Would you ever listen to anything by Harry S. Dent again?

no

How did the narrator detract from the book?

no

You didn’t love this book... but did it have any redeeming qualities?

shallow

Any additional comments?

no good

Excellent predictions

Excellent - Dent predicted this depression years ahead of time. His conclusions for how long it will last and which countries will recover first seem to be on target.

A must listen...

I have been following Harry Dent for 15 years now, and have been impressed with him hitting the overall market trends and timing - Harry is not 100% correct, but I have followed his insight for years and it has assisted me in avoiding several large mistakes.

Perfection is not key, but market trends are critical to understand, along with timing. Thanks Harry!