There is an economist called Harry S.Dent that I am learning to
really respect. He is an absolute master at what he does (economic
forecasting) and as a consequence has some of the worlds most
wealthy individuals and companies, taking him extremely
seriously.
Harry is famous for predicting this economic dowturn back in
1989. Also the demise of Japan. Everyone at the time said he was
crazy. However, Japan has now experienced a 14 year decline.
Why? Well a key factor is demographics. As we age we spend less.
Where populations age, expenditure declines.
We are seeing this in Europe right now. Also combined with
housing bubbles and commodity bubbles, we are unlikely to see
Gordon Browns prediction of recession ending in 2010.
This has a big impact in terms of which market sectors and
countries will perform and which ones will decline. It therefore
can have a big impact on our businesses.
Here is a video of an update I have just received, where Harry
shares his view on what is happening right now with the latest
stock market moves.
Click here to
view Harry S.Dent Video.
If you are interested in economics, where to invest your own
money or business planning, you can click here to check out his book
'The Great Depression Ahead'.