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THE GREAT DEPRESSION AHEAD

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The first and last economic depression that you willexperience in your lifetime is just ahead. The year 2009 will be the beginningof the next long-term winter season and the initial end of prosperity in almostevery market, ushering in a downturn like most of us have not experiencedbefore. Are you aware that we have seen long-term peaks in our stock market andeconomy very close to every 40 years due to generational spending trends: as in1929, 1968, and next around 2009? Are you aware that oil and commodity priceshave peaked nearly every 30 years, as in 1920, 1951, 1980 -- and next likelyaround late 2009 to mid-2010? The three massive bubbles that have been boomingfor the last few decades -- stocks, real estate, and commodities -- have allreached their peak and are deflating simultaneously.

Bestselling author and renowned economic forecaster Harry S. Dent, Jr., hasobserved these trends for decades. As he first demonstrated in his bestselling TheGreat Boom Ahead, he has developed analytical techniques that allow him topredict the impact they will have. The Great Depression Ahead explains"The Perfect Storm" as peak oil prices collide with peakinggenerational spending trends by 2010, leading to a more severe downtrend forthe global economy and individual investors alike.

He predicts the following:

• The economy appears to recover from the subprime crisis and minorrecession by mid-2009 -- "the calm before the real storm."

• Stock prices start to crash again between mid- and late 2009 into late2010, 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 thefirst great buy opportunities in stocks.

• Gold and precious metals will appear to be a hedge at first, but willultimately collapse as well after mid- to late 2010.

• A first major stock rally, likely between mid-2012 and mid-2017, will befollowed by a final setdback around late 2019/early 2020.

• The next broad-based global bull market will be from 2020-2023 into2035-2036.

Conventional investment wisdom will no longer apply,and investors on every level -- from billion-dollar firms to the individualtrader -- must drastically reevaluate their policies in order to survive. Butdespite the dire news and dark predictions, there are real opportunities tocome from the greatest fire sale on financial assets since the early 1930s.Dent outlines the critical issues that will face our government and other majorinstitutions, offering long- and short-term tactics for weathering the storm.He offers recommendations that will allow families, businesses, investors, andindividuals to manage their assets correctly and come out on top. With theright knowledge and preparation, you can take advantage of new wealthopportunities rather than get caught in a downward spiral. Your life is aboutto change for reasons outside of your control. You can't change the directionof the winds, but you can reset your sails!

Praise and Reviews

"While being one of the most bullish and accurate forecasters for 20 years, Dent has always been warning that this great boom would end around 2008-2009. He now sees a bigger crash ahead and a deflationary environment that could ravage your portfolio. His warnings and predictions are well worth reading and taking seriously." -- David Bach, #1 New York Times bestselling author of Start Late, Finish Rich and The Automatic Millionaire

"While many talk of change these days, the real question lies in assessing in what direction things will change. Harry Dent does a masterful job using demographics and other key cycles to lay out where and when changes will come that will have sweeping ramifications for our pocketbooks, our way of life, and our nation. I cannot more highly recommend this book." -- Mark Sanford, governor of South Carolina

"Economists cannot forecast the economy very well, and most would admit it if their jobs didn't depend on the fiction that they can. So most economists become closet extrapolators, with some minor tweaking for visible pending developments and policy changes. Even I can see to the next corner pretty well, but I can't see around the corner.There is one exception, however. Demographics! Demography, as they say, is destiny. The reason is that you can see the future based on the facts of the present and demonstrated behavior. You can see the pig, or the pigs, going through the python.Harry Dent is the reigning expert in applying sophisticated demographic analysis to economic forecasting. His past record of getting it right speaks for itself. I hope he's wrong this time. I hope we don't have a great depression by 2010. But given his track record, I won't be betting against him." -- Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis, and former president of the Federal Reserve Bank of Dallas
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