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The Demographic Cliff: How To Survive And Prosper During The Great Deflation Of 2014-2019 (2014)

by Harry S. Dent Jr.(Favorite Author)

3.63 of 5 Votes: 4

ISBN

1591847273 (ISBN13: 9781591847274)

languge

English

genre

Nonfiction

publisher

Portfolio Hardcover

review 1: 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 this book which I don't feel I really got, was what to do differently in preparation for the upcoming winter season. There was some guidance, but it lacked the depth and was not sufficient to live up to the spirit of the name of the book.
review 2: Dent pulls sociology into the financial realm. He argues as we are born, our spending habits lag years behind our birth in commonly documented ways. In middle adulthood, we are the biggest consumers, our spending peaks in ... moreour 40s, and as we enter old age we spend less. Dent parallels stock market booms and busts with generational spending trends to make a fairly convincing argument that while the market has ups and downs, long-term trends of booms/bust line up with demography.For instance, after this latest housing bust in 2008-2009, demographics will prevent real estate ever being used again as an investment in sheer appreciation. If you want to make any money in real estate, it will be because you rent out your property, not because your property exponentially appreciates. There will soon be way more "dyers" than buyers, pushing home prices further downward through oversupply. As the subtitle suggests, Dent closes the book with some investment strategies based on where population growth is heading. less

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