Bestselling author and renowned economic forecaster Harry S. Dent, Jr., has observed these trends for decades. As he first demonstrated in his bestselling The Excellent Boom Ahead, he has developed analytical techniques this agree to him to predict the impact they will have. The Excellent Depression Ahead explains "The Ideal Storm" as peak oil prices collide together with peaking generational spending trends by 2010, leading to a extra severe downtrend for the global economy and unique 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 begin to crash again between mid- and late 2009 into late 2010, and likely finally bottom all-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 together with health care, and be the first excellent buy opportunities in stocks.
• Gold and precious metals will be visible to be a hedge at first, but will ultimately collapse as well afterwards mid- to late 2010.
• A first key stock rally, likely between mid-2012 and mid-2017, will be followed by a final setdback all-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 each altitude -- from billion-dollar firms to the unique 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 this will face our government and other key institutions, offering long- and short-term tactics for weathering the storm. He proposes recommendations this will agree to families, businesses, investors, and individuals to manage their assets correctly and come out on top. Together with the right knowledge and preparation, you can get advantage of new wealth opportunities rather than get caught in a downward spiral. Your life is concerning to modify for reasons outside of your control. You can't modify the direction of the winds, but you can reset your sails!