Books : The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It
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Type of bind: Paperback
Dewey Decimal Number: 650
EAN num: 9781591961536
ISBN number: 159196153X
Label: Vorago-US
Manufacturer: Vorago-US
Page Count: 64
Printing Date: November 25, 2002
Publishing house: Vorago-US
Sale Popularity Level: 13376
Studio: Vorago-US
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Editor's Notes and Comments:
Product Description:
The Great Bust Ahead is a concise, straight to the point short book laying out in stark terms the case for a coming depression of historically unprecedented magnitude. It will be worse than the 1930s, beginning nominally in 2012, but perhaps as early as 2009-2010 and lasting up to thirteen years. Centered on hard fact demographics, the book boldly claims that the data presented are so irrefutable, that the outcome predicted by the book is equally as irrefutable. The compelling proof presented accurately accounts for the detailed trend of the economy from 1920 to yesterday (something never before accomplished), and projects out to 2030. The book is very easy to read and understand, and requires no prior knowledge of economics. Down to earth things the average person can do to prepare for what is coming are covered. A summary of the catastrophic domestic social and international consequences is offered.
October 2007 Update: In 2002 when this book was published, in addition to the massive depression beginning around the end of the decade, it forecast:
1. The economy, as reflected by the DJIA, would resume its upwards march in late 2002 or 2003. This is exactly what happened.
2. The DJIA would have a snapback to 13,000 to 14,000 and the FTSE to 6,000 to 7,000 by 2004, but delayed possibly by wars/politics/terrorism/scandals. This is exactly what has happened. Although the full snapback has been delayed for the reasons described, the DJIA has now closed over 14,100 and the FTSE over 6,700.
3. The DJIA returns from 2003 to 2012 would average a historically long-term normal of 7% to 8%. So far, with the delayed full snapback for the reasons described, DJIA actual returns have averaged a more modest 5.8%, as would be expected.
4. Interest rates would increase from 2003 onwards. This is exactly what has happened.
User popularity level:
Rated by buyers 
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You do not need an economics background to write a book like this but the ability to construct a logical argument or a knowledge of history would help. The author ignores even the most basic understanding of monetary supply, fractional reserve banking or GDP. An annoying book demonstrating the authors ignorance and little more.
Rated by buyers 
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The ideas in this booklet have some ground. I wouldn't swear by the correlation between demorgaphics and Dow Jones Index, but there is some sense. Worth reading to be better prepared for the upcoming events.
Rated by buyers -
This is a great little book that you can read in less than an hour. It's based on the work of Harry S. Dent in Mr. Dent's excellent book The Next Great Bubble Boom. I believe the concept. I think demographics is the most important factor in the economy of the future. The demographics of the United States is very bad. You can't replace 78 million boomers with 48 million Gen Xer's. The Xer's will already have jobs and careers. The numbers of the generation after the Xer's is not good at all. Who will replace the boomers when millions start to retire? Who will replace their spending? Bonds? The author Daniel Arnold talks about bonds on page 47 of his book The Great Bust Ahead. Long term bonds? Nuts! Bonds are just a promise backed my nothing. It's the generational bonds that will be broken. The old people of the future will not be related by blood or race to the young people of the future. Overall, I agree with the author and his computer models, once the huge bulge of the middle aged boomers move through the system and start retiring, markets can only go down. Regards, Keith Renick, Peachtree City, Ga.
Rated by buyers 
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I think this author is on to something. I can agree with his point of view because he lays out the facts (from the Government, mind you). The book was written a long while ago, I read it a small while ago, and now it is happening just like he laid it out. What comes next? You have to read it and weep. Or... read it and prepare.
Rated by buyers -
Daniel Arnold has some great information in this easy to read book. However his recommendations for the future are very slim - hence the name of the book implying the heralding of the doom. One important factor that he doesn't mention in the book is the fact that when the collapse happens treasury bonds will be a safety net however having enough food and water at hand will be the order of the day.
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