The Demographic Cliff

The Demographic Cliff

How to Survive and Prosper During the Great Deflation of 2014-2019

Book - 2014
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"Bestselling author and financial guru Harry Dent shows why we're facing a decade-long "great deflation"-and what to do about it. Throughout his long career as an economic forecaster, Harry Dent has relied on demographics-the ultimate tool for predicting both big and small trends, decades in advance. Now he explains what's going to happen to our economy with the accelerating retirements of the Baby Boomers. 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 will actually cause deflation-with a downturn and periodic crises from 2014 until about 2023. Dent explores the implications of his controversial predictions for retirement planning, healthcare, real estate, education, investing, and business strategies. His advice will help readers survive and prosper during the challenging years ahead"-- Provided by publisher.
Publisher: New York, New York :, Portfolio/Penguin,, 2014
ISBN: 9781591847274
1591847273
Call Number: 330.973 D4344d
Characteristics: viii, 357 pages : illustrations, maps ; 24 cm

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sbkaur Apr 16, 2014

Using demographics to explain the conundrum of global real estate prices and ignoring the "flight to safety" by the buyers (i.e. rising real estate prices in many countries are not due to local buyers but buyers from other countries who are seeking "safe havens" for their (ill-gotten?) money) is an obvious weakness in the author's argument.

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StarGladiator
Jan 15, 2014

Although Dent makes some good points, demographically speaking as far as consumer spending habits, which once would have been valuable, he is woefully ignorant, or unable to comprehend, some essentially fundamental facts about finance and economics: it ain't deflation, but ultra-deleveraging, brought about by ultra-leveraging, which is why there are so many multi-billionaire crooks today (and some suggest several trillionaires?). Also, Dent is under the impression that the majority drive that 70% figure of consumption, again he is so ignorant it is ludicrous.

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