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 setback around late 2019/early 2020.
The next broad-based global bull market will be from 2020-2023 into 2035-2036.
From: Burp-up OBonehead |
