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Summary: The Great Depression Ahead

Summary: The Great Depression Ahead
Author: BusinessNews Publishing,
Publisher: Primento
Total Pages: 18
Release: 2017-01-30
Genre: Business & Economics
ISBN: 2511002159

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The must-read summary of Harry S. Dent, Jr.’s book: “The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History”. This complete summary of “The Great Depression Ahead” by Harry S. Dent, Jr., a renowned economist and financial newsletter writer, presents the author’s argument that we can predict the future of the economy years and even decades in advance. The author explains how this can be done and he also argues that the next economic depression will happen in the 2010s. By reading Dent’s advice, you can ensure that you are prepared for the imminent crash ahead. Added-value of this summary: • Save time • Understand the factors leading to a financial crisis • Expand your knowledge of global economics and politics To learn more, read “The Great Depression Ahead” and find out how you can take measures now to protect yourself from the next economic crash that is likely ahead of us.


The Great Depression Ahead

The Great Depression Ahead
Author: Harry S. Dent
Publisher: Simon and Schuster
Total Pages: 403
Release: 2009-01-06
Genre: Business & Economics
ISBN: 1416595279

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The first and last economic depression that you will experience in your lifetime is just ahead. The year 2009 will be the beginning of the next long-term winter season and the initial end of prosperity in almost every market, ushering in a downturn like most of us have not experienced before. Are you aware that we have seen long-term peaks in our stock market and economy very close to every 40 years due to generational spending trends: as in 1929, 1968, and next around 2009? Are you aware that oil and commodity prices have peaked nearly every 30 years, as in 1920, 1951, 1980 -- and next likely around late 2009 to mid-2010? The three massive bubbles that have been booming for the last few decades -- stocks, real estate, and commodities -- have all reached their peak and are deflating simultaneously. Bestselling author and renowned economic forecaster Harry S. Dent, Jr., has observed these trends for decades. As he first demonstrated in his bestselling The Great Boom Ahead, he has developed analytical techniques that allow him to predict the impact they will have. The Great Depression Ahead explains "The Perfect Storm" as peak oil prices collide with peaking generational spending trends by 2010, leading to a more severe downtrend for the global economy and individual investors alike. He predicts the following: • The economy appears to recover from the subprime crisis and minor recession by mid-2009 -- "the calm before the real storm." • Stock prices start to crash again between mid- and late 2009 into late 2010, and likely finally bottom around mid-2012 -- between Dow 3,800 and 7,200. • 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. • Gold and precious metals will appear to be a hedge at first, but will ultimately collapse as well after mid- to late 2010. • A first major stock rally, likely between mid-2012 and mid-2017, will be followed by a final setdback around late 2019/early 2020. • The next broad-based global bull market will be from 2020-2023 into 2035-2036. Conventional investment wisdom will no longer apply, and investors on every level -- from billion-dollar firms to the individual trader -- must drastically reevaluate their policies in order to survive. But despite the dire news and dark predictions, there are real opportunities to come from the greatest fire sale on financial assets since the early 1930s. Dent outlines the critical issues that will face our government and other major institutions, offering long- and short-term tactics for weathering the storm. He offers recommendations that will allow families, businesses, investors, and individuals to manage their assets correctly and come out on top. With the right knowledge and preparation, you can take advantage of new wealth opportunities rather than get caught in a downward spiral. Your life is about to change for reasons outside of your control. You can't change the direction of the winds, but you can reset your sails!


Great Bust Ahead

Great Bust Ahead
Author: Daniel A. Arnold
Publisher: Vorago-US
Total Pages: 68
Release: 2002
Genre: Business & Economics
ISBN: 159196153X

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Someplace Like America

Someplace Like America
Author: Dale Maharidge
Publisher: Univ of California Press
Total Pages: 276
Release: 2013-05-14
Genre: Business & Economics
ISBN: 0520274512

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"Updated edition with a new preface and afterword"--Cover.


Essays on the Great Depression

Essays on the Great Depression
Author: Ben S. Bernanke
Publisher: Princeton University Press
Total Pages: 352
Release: 2024-01-09
Genre: Business & Economics
ISBN: 0691259666

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From the Nobel Prize–winning economist and former chair of the U.S. Federal Reserve, a landmark book that provides vital lessons for understanding financial crises and their sometimes-catastrophic economic effects As chair of the U.S. Federal Reserve during the Global Financial Crisis, Ben Bernanke helped avert a greater financial disaster than the Great Depression. And he did so by drawing directly on what he had learned from years of studying the causes of the economic catastrophe of the 1930s—work for which he was later awarded the Nobel Prize. Essays on the Great Depression brings together Bernanke’s influential work on the origins and economic lessons of the Depression, and this new edition also includes his Nobel Prize lecture.


America's Great Depression

America's Great Depression
Author: Murray N. Rothbard
Publisher: Blurb
Total Pages: 372
Release: 2018-09-10
Genre: Business & Economics
ISBN: 9780464857310

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America's Great Depression is the classic treatise on the 1930s Great Depression and its root causes. Author Rothbard blames government interventionist policies for magnifying the duration, breadth, and intensity of the Great Depression. He explains how government manipulation of the money supply sets the stage for the familiar "boom-bust" phases of the modern market which we know all too well. He then details the inflationary policies of the Federal Reserve from 1921 to 1929 as evidence that the depression was essentially caused not by speculation, but by government and central bank interference in the market. Clearly we find history tragically repeating itself today. A must-read.


Hall of Mirrors

Hall of Mirrors
Author: Barry J. Eichengreen
Publisher: Oxford University Press, USA
Total Pages: 521
Release: 2015
Genre: Business & Economics
ISBN: 0199392005

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"A brilliantly conceived dual-track account of the two greatest economic crises of the last century and their consequences"--


The Great Depression: A Diary

The Great Depression: A Diary
Author: Benjamin Roth
Publisher: PublicAffairs
Total Pages: 289
Release: 2009-07-22
Genre: History
ISBN: 1586488376

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When the stock market crashed in 1929, Benjamin Roth was a young lawyer in Youngstown, Ohio. After he began to grasp the magnitude of what had happened to American economic life, he decided to set down his impressions in his diary. This collection of those entries reveals another side of the Great Depression—one lived through by ordinary, middle-class Americans, who on a daily basis grappled with a swiftly changing economy coupled with anxiety about the unknown future. Roth's depiction of life in time of widespread foreclosures, a schizophrenic stock market, political unrest and mass unemployment seem to speak directly to readers today.


Conquer the Crash

Conquer the Crash
Author: Robert R. Prechter, Jr.
Publisher: John Wiley & Sons
Total Pages: 481
Release: 2009-11-20
Genre: Business & Economics
ISBN: 0470606703

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Today's financial and economic tribulations were a long time in the making. Many people ask, "Why didn't someone see it coming?" A New York Times bestselling book did see it coming. Over 100,000 people read it in time to protect their wealth. The book foresaw and explained the collapse in home prices, plunge in stocks, subprime debacle, liquidity crisis, the demise of Fannie and Freddie, the Federal Reserve's failure to turn the trend, and lots more. The book was Robert Prechter?s Conquer the Crash, published in early 2002, when the Dow was above 10,000 and the financial world was partying around-the-clock. Fast forward to today: the average U.S. homeowner has suffered a decline of 30% to 40% in property value. Stocks and commodities had their biggest fall since 1929-1932. Fannie Mae is a zombie corporation under the government?s protection. The Fed has pushed every button at its disposal (and then some), to no avail. If Prechter thought a whole new book would help, he'd have written one. But Conquer the Crash is a book-length forecast that's still coming true -- only some of the future has caught up with the specific predictions he published back then. There is much more to come. That means more danger, but also great opportunity. Conquer the Crash, 2nd edition offers you 188 new pages of vital information (480 pages total) plus all the original forecasts and recommendations that make the book more compelling and relevant than the day it published. In every disaster, only a very few people prepare themselves beforehand. Think about investor enthusiasm in 2005-2008, and you'll realize it's true. Even fewer people will be ready for the soon-approaching, next leg down of the unfolding depression. In this 2nd edition, Prechter gives a warning he's never had to include in 30 years of publishing -- namely, that the doors to financial safety are closing all over the world. In other words, prudent people need to act while they can. Conquer the Crash, 2nd Edition readers will receive exclusive online access to the Conquer the Crash Readers Page, where Prechter continually updates the book's recommended services and institutions.


Endangered Dreams

Endangered Dreams
Author: Kevin Starr
Publisher: Oxford University Press
Total Pages: 432
Release: 1996-01-11
Genre: History
ISBN: 0199923566

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California, Wallace Stegner observed, is like the rest of the United States, only more so. Indeed, the Golden State has always seemed to be a place where the hopes and fears of the American dream have been played out in a bigger and bolder way. And no one has done more to capture this epic story than Kevin Starr, in his acclaimed series of gripping social and cultural histories. Now Starr carries his account into the 1930s, when the political extremes that threatened so much of the Depression-ravaged world--fascism and communism--loomed large across the California landscape. In Endangered Dreams, Starr paints a portrait that is both detailed and panoramic, offering a vivid look at the personalities and events that shaped a decade of explosive tension. He begins with the rise of radicalism on the Pacific Coast, which erupted when the Great Depression swept over California in the 1930s. Starr captures the triumphs and tumult of the great agricultural strikes in the Imperial Valley, the San Joaquin Valley, Stockton, and Salinas, identifying the crucial role played by Communist organizers; he also shows how, after some successes, the Communists disbanded their unions on direct orders of the Comintern in 1935. The highpoint of social conflict, however, was 1934, the year of the coastwide maritime strike, and here Starr's narrative talents are at their best, as he brings to life the astonishing general strike that took control of San Francisco, where workers led by charismatic longshoreman Harry Bridges mounted the barricades to stand off National Guardsmen. That same year socialist Upton Sinclair won the Democratic nomination for governor, and he launched his dramatic End Poverty in California (EPIC) campaign. In the end, however, these challenges galvanized the Right in a corporate, legal, and vigilante counterattack that crushed both organized labor and Sinclair. And yet, the Depression also brought out the finest in Californians: state Democrats fought for a local New Deal; California natives helped care for more than a million impoverished migrants through public and private programs; artists movingly documented the impact of the Depression; and an unprecedented program of public works (capped by the Golden Gate Bridge) made the California we know today possible. In capturing the powerful forces that swept the state during the 1930s--radicalism, repression, construction, and artistic expression--Starr weaves an insightful analysis into his narrative fabric. Out of a shattered decade of economic and social dislocation, he constructs a coherent whole and a mirror for understanding our own time.