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Harry Dent: America Is Headed Off The ‘Demographic Cliff’ And Another Crisis Is Near
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[quote:Anonymous Coward 23943453:MV8yNDM0NjEzXzQxODI3NzYwX0I0QjRBRjBC] [quote:Anonymous Coward 50558796:MV8yNDM0NjEzXzQxODI3MjgwXzJDRkM0MDZF] We are replacing the Boomer generation with one that, on the average, has an IQ at least 5 points lower. This is due largely to illegal immigration across the southern border. [/quote] :hesright: [/quote]
Original Message
Take one look at Harry Dent’s body of work and you’ll know he likes to make predictions.
He wrote The Great Boom Ahead in 1993, The Great Jobs Ahead in 1995, The Great Depression Ahead in 2009, and The Great Crash Ahead in 2011.
What’s ahead now? A “demographic cliff,” according to Dent’s new book… Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019.
“At Dent Research we have a not-so-secret weapon: demographics,” Dent writes. “It is the ultimate indicator that allows you to see around corners, to predict the most fundamental economic trends not just years but decades in advance.”
Dent spends the bulk of his book arguing that the demographic story has turned against the U.S.
As Boomers retire, it’s not an unfamiliar argument. Dent writes that an aging U.S. will cause deflation that will weaken the economy from 2014-2019.
Here are some of his main points:
[
link to www.businessinsider.com
]
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