The Demographic Cliff, Harry S. Dent, Jr.
The Demographic Cliff, Harry S. Dent, Jr.
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The Demographic Cliff
How to Survive and Prosper During the Great Deflation of 2014-2019

Author: Harry S. Dent, Jr.

Narrator: Harry S. Dent, Jr.

Unabridged: 11 hr 3 min

Format: Digital Audiobook Download

Published: 01/07/2014


Synopsis

Bestselling author and financial guru Harry Dent shows why we’re facing a “great deflation” after five years of desperate stimulus—and what to do about it nowThroughout his long career as an economic forecaster, Harry Dent has relied on a not-so-secret weapon: demographics. Studying the predictable things people do as they age is the ultimate tool for understanding trends. For instance, Dent can tell a client exactly when people will spend the most on potato chips. And he can explain why our economy has risen and fallen with the peak spending of generations, and why we now face a growing demographic cliff with the accelerating retirement of the Baby Boomers around the world.Dent predicted the impact of the Boomers hitting their highest growth in spending in the 1990s, when most economists saw the United States declining. And he anticipated the decline of Japan in the 1990s, when economists were proclaiming it would overtake the U.S. economy.But now, Dent argues, the fundamental demographics have turned against the United States and will hit more countries ahead. Inflation rises when a larger than usual block of younger people enter the workforce, and it wanes when large numbers of older people retire, downsize their homes, and cut their spending. The mass retirement of the Boomers won’t just hold back inflation; it and massive debt deleveraging will actually cause deflation—weakening the economy the most from 2014 into 2019.Dent explores the implications of his controversial predictions. He offers advice on retirement planning, health care, real estate, education, investing, and business strategies. For instance...• Businesses should get lean and mean now. Identify segments that you can clearly dominate and sell off or shut down others. If you don’t, the economy will do it for you, more painfully and less profitably.• Investors should sell stocks by mid-January 2014 and look to buy them back in 2015 or later at a Dow as low as 5,800.• Families should wait to buy real estate in areas where home prices have gone back to where the bubble started in early 2000.• Governments need to stop the endless stimulus that creates more bubbles and kills the middle class, and should assist in restructuring the unprecedented debt bubble of 1983–2008.Dent shows that if you take the time to understand demographic data, using it to your advantage isn’t all that difficult. By following his suggestions, listeners will be able to find the upside to the downturn and learn how to survive and prosper during the most challenging years ahead.

About Harry S. Dent, Jr.

Harry S. Dent, Jr., is the author of the New York Times bestseller The Great Depression Ahead (2008) among many other economic and financial books. He is the president of the H. S. Dent Foundation and founder of Dent Research, which publishes Survive and Prosper, Boom and Bust, and HS Dent Forecast. He has an MBA from Harvard, has consulted to Fortune 100 companies and many new ventures, and lectures widely. He lives in Tampa, Florida. Visit www.dentresearch.com and www.harrydent.com.


Reviews

Goodreads review by Jin on October 04, 2020

Heads up: I did buy this book 5 years ago and only just read it today, 5 years later. So, parts of the book were obviously not correct or not up-to-date. Nevertheless, the book had some interesting theories and insights showing the importance of demography in predicting the future. I didn't expect s......more

Goodreads review by Natali on April 23, 2014

I wouldn't say this is the most convincing or organized book but he makes some interesting points about demography and the global economy. Dent promises to give advice on how to survive the next economic crash, which he thinks is imminent, but that advice is more about business operations than perso......more

Goodreads review by Void on April 29, 2015

The book raises some quite reasonable sounding theories about the reliable predictive nature of demographics. Interesting data about ages that correspond to certain types of spending & behaviours allowing a feasible study of birth/death rates & age groups to give predictive information. The plus of......more

Goodreads review by Julian on June 16, 2016

Ever since losing the best job I had, and quite a lot of money, after the Great Recession, I've become a more avid reader of economics. This book is fantastic in several ways. For one thing, Dent strips away the idea that a president, or presidents, really do anything. He reveals the economy as a li......more

Goodreads review by Robert on May 04, 2014

I've read a few books from Harry S. Dent Jr. before, all of which I enjoyed which is why I did not hesitate to read this one as well. The demographic information used to describe and predict the four seasons of the economy is very interesting and I believe it has a lot of merit. What I wanted from th......more