In this summary, you will learn
- Why this decade will bring a market bubble followed by a dreadful crash
- How to make money during the bubble and protect yourself from the calamity to follow
- What information drives these market predictions
- Why the falling population is bad news for the environment, as well as the economy
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Why you should read The Next Great Bubble Boom
This bestseller has some methodology problems and it is written awkwardly, but it might nonetheless be true. Author Harry S. Dent, Jr., claims to have predicted the great stock market boom of the 1990s. He contends that demographics, economics, modern markets and information technology make the future almost surely predictable, though most experts would disagree. In fact, common knowledge challenges some of his data, such as his contention that newspapers are a growth opportunity. However, his suggestion that a stock market bubble in the first decade of this new millennium will end in a crash of historic size is a possibility worth considering. Moreover, his comments about demographic trends, especially the slowing of population growth and the graying of developing-country populations, have ample support from other sources and should be part of the calculus of any international investor. getAbstract suggests reading this intriguing book with the caveat that soothsaying is a chancy undertaking. Read this book as you would read science fiction - with the thought that, in spite of everything, it just might come true. In other words, keep Dent’s advice in mind, but don’t get carried away.
About the Author
Harry S. Dent, Jr., is president of the H.S. Dent Foundation, whose mission is "Helping People Understand Change." In his first book, The Great Boom Ahead, published in 1992, he predicted the stock market boom of the 1990s. He also wrote Bankruptcy 1995.
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