books:

	The Next Great Bubble Boom: How to Profit from the Greatest Boom in History: 2006-2010 Harry S. Dent Free Press, 2006 - 384 pages average customer review:based on 57 reviews view larger image
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The Next Great Bubble Boom -- part crystal ball, part financial planner -- offers a comprehensive forecast for the next two decades, showing new models for predicting the future behavior of the economy, inflation, large- and small-cap stocks, bonds, key sectors, and so on. In taking a look at past booms and busts, Dent compares our current state to that of the crash of 1920-21, and the years ahead of us to the Roaring Twenties. Dent gives advice on everything from investment strategies to real estate cycles, and shows not only how bright our future will be but how best to profit from it.

Dent gives us all something to look forward to, including:

The Dow hitting 40,000 by the end of the decade The Nasdaq advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 Another strong advance in stocks in 2005, with a significant correction into around September/October 2006 The Great Boom resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010

Dent's amazing ability to track and forecast our financial future is renowned, and here he takes that ability to the next level, showing not only what our economy will look like but also how it will affect us as individuals, as organizations, and as a culture. From the upcoming wealth revolution to the essential principles of entrepreneurial success, the book describes a new society where economic and philanthropic development go hand in hand.

In The Next Great Bubble Boom, Dent shows not only how the economic growth of the late 1990s was a prelude to the true great boom right around the corner but how all of us can reap its benefits.

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Good book, good idea, timing a little off

Very good book at predicting long-term trends. However, his short-term analysis and predictions are a little off the mark, sometimes by a few years. As long as you don't take his advice as "short term advice" then I would say the book is very good, if not brilliant. His analysis is refreshing, unique, and definitely worth considering. His book is just not a replacement for investment advice. I would call it "a manual to what the future holds, and how you can be prepared to tackle it".


Interesting Theory, But Timing Was Off

Although I am not well-versed in the stock market, I picked up this book at an airport while waiting for a flight, during a time (early 2006) when I was still practicing full-time as a real estate agent.

Hoping for a little insight into the future of real estate, I was surprised when his forecasts showed it would still be strong until about 2009. I had already felt the sudden crunch of a collapsed market after two local hurricanes within a year burst the fanstastic bubble that had surrounded real estate sales from 2003-2005. Yet I gave him the benefit of the doubt by thinking we may not have been in for the real hard times for a while yet. Over two years later, real estate markets in general have continued to decline nationwide, and I can only hope that his forecasts are way ahead of schedule. If not - well, we will not see success and prosperity in real estate for many, many years then. I hope he is wrong by at least 4 or 5 years, and I believe that he is. For whatever reason, the future came more quickly than he expected.

I don't believe you can compare the economic effects of the technology and information revolution we are experiencing with the economic effects the world experienced as a result of the industrial revolution, as the author has done in this book. The two are totally different. That's what makes them revolutionary.

Our world and the way we do business are being reshaped almost daily, as technology and the availability of information create something akin to what I would call a giant "brainstorm" of creative ideas about ways to use new information and market products. The power of the internet in influencing economic conditions is something I don't believe even a fururist could have accurately predicted, because we are learning its potential as we go along.

Yet this book was an interesting overview of generational change. I still believe that as investors, no one cares for your money like you do. It will always be important to be informed, to do the due diligence and stay on top of your own investments. Blindly following a trend or forecast is not a plan.

Moonstone Star White is the author of the personal growth title High Way from Hell: Using Emotion to Fan the Fire of Enlightenment.

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