Binding: Paperback
Dewey Decimal Number: 330.973
EAN: 9780743288484
ISBN: 0743288483
Label: Free Press
Manufacturer: Free Press
Number Of Items: 1
Number Of Pages: 384
Publication Date: 2006-01-24
Publisher: Free Press
Studio: Free Press

For over fifteen years, New York Times bestselling author Harry S. Dent, Jr., has been uncannily accurate in predicting the financial future. In his three previous works, Dent predicted the financial recession of the early nineties, the economic expansion of the mid-nineties, and the financial free-for-all of 1998-2000.

The Next Great Bubble Boom -- part crystal ball, part financial planner -- offers a comprehensive forecast for the next two decades, showing new models for predicting the future behavior of the economy, inflation, large- and small-cap stocks, bonds, key sectors, and so on. In taking a look at past booms and busts, Dent compares our current state to that of the crash of 1920-21, and the years ahead of us to the Roaring Twenties. Dent gives advice on everything from investment strategies to real estate cycles, and shows not only how bright our future will be but how best to profit from it.

Dent gives us all something to look forward to, including:

• The Dow hitting 40,000 by the end of the decade

• The Nasdaq advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009

• Another strong advance in stocks in 2005, with a significant correction into around September/October 2006

• The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010

Dent's amazing ability to track and forecast our financial future is renowned, and here he takes that ability to the next level, showing not only what our economy will look like but also how it will affect us as individuals, as organizations, and as a culture. From the upcoming wealth revolution to the essential principles of entrepreneurial success, the book describes a new society where economic and philanthropic development go hand in hand.

In The Next Great Bubble Boom, Dent shows not only how the economic growth of the late 1990s was a prelude to the true great boom right around the corner but how all of us can reap its benefits.

Customer Rating:
Summary: Nice prediction Harry
Comment: Harry, this boom is incredible. I can't believe how rich people are getting with the DOW almost to 40,000, just like you said.

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Customer Rating:
Summary: Who is worse? Dent or Cramer?
Comment: I was conned. I admit it. I signed up for his monthly newsletter. You know what it kept saying? "There's plenty of oil!" - Oil went to 140 bucks. Dent claims "we'll have a dip in 2007, then it will be the best buying opportunity of a lifetime". If you had listened to him, your portfolio would be down more than 50% - I believed this fool for a while but when none of his predictions came true and everything he mentioned went OPPOSITE (as of this writing the DOW is now at 8000) - Let this be a warning to others not to believe Dent - He was WRONG, WRONG, WRONG.

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Customer Rating:
Summary: Didn't happen that way
Comment: This was a very convincing book, but I'm glad I didn't follow the advice and bought heavily into stock, expecting to sell out at top prices in 2009!

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Customer Rating:
Summary: Stunningly bad advice...
Comment: This book was highly recommended to me by my money manager. What a mistake - both the book and the manager. Good advice would have been to sell my house in 2007 - at any cost. Now, nobody will buy it.

One thing is certain - never buy a book on generic financial advice, unless you want to make the writer rich.

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Customer Rating:
Summary: Interesting Theory, But Timing Was Off
Comment: Although I am not well-versed in the stock market, I picked up this book at an airport while waiting for a flight, during a time (early 2006) when I was still practicing full-time as a real estate agent.

Hoping for a little insight into the future of real estate, I was surprised when his forecasts showed it would still be strong until about 2009. I had already felt the sudden crunch of a collapsed market after two local hurricanes within a year burst the fanstastic bubble that had surrounded real estate sales from 2003-2005. Yet I gave him the benefit of the doubt by thinking we may not have been in for the real hard times for a while yet. Over two years later, real estate markets in general have continued to decline nationwide, and I can only hope that his forecasts are way ahead of schedule. If not - well, we will not see success and prosperity in real estate for many, many years then. I hope he is wrong by at least 4 or 5 years, and I believe that he is. For whatever reason, the future came more quickly than he expected.

I don't believe you can compare the economic effects of the technology and information revolution we are experiencing with the economic effects the world experienced as a result of the industrial revolution, as the author has done in this book. The two are totally different. That's what makes them revolutionary.

Our world and the way we do business are being reshaped almost daily, as technology and the availability of information create something akin to what I would call a giant "brainstorm" of creative ideas about ways to use new information and market products. The power of the internet in influencing economic conditions is something I don't believe even a fururist could have accurately predicted, because we are learning its potential as we go along.

Yet this book was an interesting overview of generational change. I still believe that as investors, no one cares for your money like you do. It will always be important to be informed, to do the due diligence and stay on top of your own investments. Blindly following a trend or forecast is not a plan.

Moonstone Star White is the author of the personal growth title High Way from Hell: Using Emotion to Fan the Fire of Enlightenment.

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