What to Do When the Bubble Pops: Personal and Business Strategies For The Coming Economic Winter

by Harry S. Dent Jr.

THE DOWNTURN IS HERE!Harry Dent has been predicting for some time that we are about to enter a prolonged downturn, one that will be looked at by historians as a classic economic depression, due to demographic one of the largest generations in history - the baby boomers - are leaving the workplace, either due to planned retirement or involuntarily (due to layoffs or not being able to find work), which will have a profound impact on all sectors of our economy.This economic downturn could have been swifter and the pain much less had the Fed allowed it to happen naturally. However, due to several rounds of quantitative easing, essentially pumping "free money" into the economy, the Fed has not only delayed the inevitable, but they have ensured that the downturn will be much longer and much more severe than it could have been.Harry Dent believes that the Fed cannot keep the bubble from popping much longer - and when it does pop, every individual will need to be prepared for a period he calls an "economic winter". In this book, you'll learn the personal and business strategies that will be essential to protect and preserve your assets and the few areas of the economy that will still do well during this winter period. This is essential reading for everyone, especially during a crisis.

Genres: Economics

133 pages, Kindle Edition

Published March 19, 2020

About the author

Harry S. Dent, Jr. (born 1950) is an American financial newsletter writer.

Dent writes an economic newsletter that reviews the economy in the US and around the world through demographic trends focusing on predictable consumer spending patterns, as well as financial markets, and has written several books.

Reviews

[Vlad · Rating 3 out of 5]

The author is way too full of himself, and roughly half this book is him pointing out that he predicted this event or that even when no one else did - strictly not true - the ideas he writes about and the predictions he made were made by several other prolific critics of the modern economic model. Another 25% of the book is essentially semi-plausible astrology. However, he does make some excellent and very likely to be true points, and I find myself agreeing with much of what he wrote. Would be a much better book if it wasn’t full of self aggrandizing, but short enough that it’s not awful. Worth the 60 minute read.

[Mari Ross Wilson · Rating 1 out of 5]

Incoherent Ramblings

With the author’s stellar credentials repeated throughout this book one would expect information that could be put to use. This book reads as if it were taken directly from a recorded soliloquy. Full of senseless repetition and opinions that offer the reader only confusion. Don’t waste your money or your time.

[Greg · Rating 2 out of 5]

Basically if an animated ego wrote a book this is what it would be. He may be right but lordy this was an odd one.

[Y T · Rating 3 out of 5]

A quick read.

The author is of the view that when the baby boomer generation retires, that's when recession will come because their spending becomes less, etc.

I found that this view is pretty narrow and doesn't take into account other external factors such as governments printing money, reforms in banking regulations, etc.

You don't really need a researcher to tell you what to do if you see an economic winter coming. Sell your assets before price falls, keep things simple, buy some Treasury Bonds, etc.

Overall a simple read. You'll be better off reading other titles which have a more in depth analysis of a potential economic winter.

[LL · Rating 3 out of 5]

I really enjoy Harry's economic books, specifically ones on demographics. He did not finish the thought around how he thinks the China bubble will contract the Canada and USA money laundering real estate markets. If the Chinese have purchased these with cash how will the contraction in China force them to sell in these foreign markets? This question/piece is still unclear and makes me question this idea.

[Andre · Rating 3 out of 5]

Scratching the surface.

Harry is reusing old material here. It’s relevant but if you’ve read “Zero Hour” you’ve read it before. Perhaps the timing is delayed because of pandemic stimulus bills but his reasoning still stands up. I hope I have enough dry powder to take some advantage.

[Marcus Goncalves · Rating 2 out of 5]

This is a short book, with lots of typos, as if it was rush to press. Also, while much of the advice is common sense, typical of economic cycles and many past bubbles, it does not consider lifestyle issues or the tax consequences of moves. Many brokerage firms will not allow trades in the advised fund due to leverage
and other issues, and others even warn against such fund.

[Patricia · Rating 3 out of 5]

Repetitive and dated. Obviously written prior to the pandemic, but there were some ideas that were worth thinking about. I liked too that it was short, which made it easier to slog through the repetitive parts.

[Catherine · Rating 5 out of 5]

Very interesting quick read.

[Jeffrey Plummer · Rating 2 out of 5]

Dated. Interested in how the pandemic and the 2020 political season have changed the outlook.

[Mike Parsons · Rating 5 out of 5]

Insight

This book explains why we are headed for a downturn of a lifetime. What you can do to help you survive the next crash. This book is an easy read.

[Helen Bilinski · Rating 5 out of 5]

Informative

Displays knowledge on life trends that seem to make . The timing may be off but gives you food for thought

[Lorena Zorrilla · Rating 5 out of 5]

The truth is scary

Reading what Mr Dent has said for so long , is not a nice image of the future ahead of us. The only thing that is impossible to predict is the date. He said bubble would burst in the first semester of 2021, which I am glad it did not.

[M · Rating 3 out of 5]

I read almost all of Dent's books. His analysis is sound, but his timing is hit or miss. Also, he always disregards the impact of government intervention in his analysis.