Thr Great Depression Ahead Update
As I have mentioned in the past, I am not a big fan of technical analysis. Furthermore, I take anything that someone who in 2006 predicted that the Dow was headed to 40,000 with a HUGE grain of salt. Having said that, I often like to read the thoughts of people who have extreme views because there frequently is some element of truth buried in their thoughts. This is why I decided to check out Harry Dent's new book The Great Depression Ahead several months ago.
One element of the book that I found particularly interesting is the demographic trends that Dent cited. I strongly believe that the wave of Baby Boomers passing their peak spending years will act as a dramatic headwind for the economy for years to come.
While I think that the U.S. economy is headed for a long aka several year period of slower growth than we have become accustomed to over the past decade, I am more optimistic than Dent. Anyhow, Dent periodically provides updates to The Great Depression Ahead for free, mainly I suppose to promote the book and newsletter. I thought that some of my friends here at CAPS would find it interesting, so I pasted the latest one above. Enjoy and I'd love to hear your thoughts on Dent.