[rbg81]

Harry Dent nailed it in his book in 1993 when he call from the start of a depression in 2007.

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Sorry, but do you realize how silly that sounds? I don’t care who you are, no one in 1993 could have forseen the events of the next 14 years. My guess is that Mr. Dent got very lucky.

[cherry]

Dent IIRC asserts that because of demographics......the boomers aging mainly...that the whole consumer bandwagon will change...fewer cars needed nor wanted, fewer people jumping from house to house, fewer household items needed, etc...boomers would tend to put their money in low risk investments, not stocks....

but lots of people have talked about the cylical nature of the economic system and we were at the end of a long expansion that lasted like 17 yrs and now we're into a cylical downturn....

but the other side of me says its Dodd's and zeros and barney fifes doing and Soros...may God judge him sooner rather than later....

[Frantzie]

I read it in his book. Know he nailed it because he looked at the correct thing: demographics. Also see Wm Struss and Lowe’s book The Fourth Turning.