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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Frank Pembleton who wrote (155)8/18/2001 9:04:06 AM
From: Frank Pembleton  Read Replies (1) | Respond to of 36161
 
Harry Dent

Harry Dent is one of the world's most famous demographers and the author of several books including: The Roaring 2000s and The Roaring 2000s Investor.

All key economic and social trends are highly predictable using demographic analysis.

People reach their peak borrowing rates around 34, peak debt levels around 44, peak spending around 47, peak investing at 52 and peak net worth at 65.

Rising personal debt is not a problem so long as it is accompanied by rising earnings and spending.

The stock market tracks spending very closely and thus will likely peak a few months before the baby boom generation reaches its peak spending, around 2009.

Workforce entry is what drives inflation, and there is likely to be a mild inflationary uptick now that the echo boomers (children of baby boomers) are entering the workforce.

Dent believes there should be a stock market rebound late this year or early in 2002 followed by another correction.

But by the end of 2003 a major boom will begin, extending until 2008 or 2009 when the baby boomers begin to retire.

Dent believes the 2001-2003 period is the buying opportunity of a lifetime, especially in the following sectors in order of priority: technology, financial services, healthcare, and Asia ex Japan.

canoe.investorcanada.com