Harry S. Dent, Jr.’s book is remarkable both for the overall accuracy of its predictions and for the simplistic model upon which those predictions depend. Written in 1993, it claims a niche within the general family of "trend" books written by the likes of Alvin Toffler and John Naisbitt. The work anticipated our current era of super bullish markets, which it predicts will continue through 2007. The crystal ball drops a few items, given that a few years have passed since publication. Nonetheless, it offers a clear macroeconomic forecast and investment tool. If you sense the Fed just doesn’t get the New Economy, this is the book for you. getabstract recommends this book to those seeking to understand the United States’ era of record-breaking economic gains (and Japan’s current hard times).
In this summary, you will learn
- Why population demographics can predict booms and depressions more effectively than economic forecasts;
- Why every generation passes through a predictable cycle; and
- How organization will adapt to reflect changing demographics.
About the Author
Harry S. Dent, Jr., is a Harvard graduate and author whose business experience includes consulting and managing several small businesses. Known for innovative and sometimes controversial perspectives, he describes his mission as: "Helping people understand change." He currently resides in Oakland, California.