| |  | Books : The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It |  | | | | | | | | | |
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Binding: Paperback
Dewey Decimal Number: 650
EAN: 9781591961536
ISBN: 159196153X
Label: Vorago-US
Manufacturer: Vorago-US
Number Of Pages: 64
Publication Date: November 25, 2002
Publisher: Vorago-US
Sales Rank: 10416
Studio: Vorago-US
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Editorial Review:
Product Description:
The Great Bust Ahead is a concise, straight to the point short book laying out in stark terms the case for a coming depression of historically unprecedented magnitude. It will be worse than the 1930s, beginning nominally in 2012, but perhaps as early as 2009-2010 and lasting up to thirteen years. Centered on hard fact demographics, the book boldly claims that the data presented are so irrefutable, that the outcome predicted by the book is equally as irrefutable. The compelling proof presented accurately accounts for the detailed trend of the economy from 1920 to today (something never before accomplished), and projects out to 2030. The book is very easy to read and understand, and requires no prior knowledge of economics. Down to earth things the average person can do to prepare for what is coming are covered. A summary of the catastrophic domestic social and international consequences is offered.
October 2007 Update: In 2002 when this book was published, in addition to the massive depression beginning around the end of the decade, it forecast:
1. The economy, as reflected by the DJIA, would resume its upwards march in late 2002 or 2003. This is exactly what happened.
2. The DJIA would have a snapback to 13,000 to 14,000 and the FTSE to 6,000 to 7,000 by 2004, but delayed possibly by wars/politics/terrorism/scandals. This is exactly what has happened. Although the full snapback has been delayed for the reasons described, the DJIA has now closed over 14,100 and the FTSE over 6,700.
3. The DJIA returns from 2003 to 2012 would average a historically long-term normal of 7% to 8%. So far, with the delayed full snapback for the reasons described, DJIA actual returns have averaged a more modest 5.8%, as would be expected.
4. Interest rates would increase from 2003 onwards. This is exactly what has happened.
Customer Reviews Average Rating: 
Rating:  - The Forgotten Man
The book is excellant and provides detailed perspective on how the 1929 depression was extended by the misguided policies of Hoover and FDR.As someone with the middle name of Delano, it sure dispells the myth that FDR is a great American hero.
Rating: - Very logical description of the BIG PICTURE
I thought this book was very informative and logical.I think that the "experts" sometimes get lost in the details and completely ignore the BIG PICTURE.It's like they are laying sandbags along a swelling river in front of them and ignoring the growing leaks in the big dam behind them.I realize that this is not an exact science, but the author seems to recognize that as well.Given recent events, he is looking pretty smart right now.
Though the thought of a coming bust is troubling ... Read More
Rating: - Time is short
Reasonable theory with his demographic studies. Takes one hour to read and can be very helpful to your financial planning, if in fact the baby boomers can affect the economy like he says.
Rating: - What this book predicted in 2002 is happening now.
This book may save your life's savings.Please read it.Kudos to the courageous author for writing this remarkable book, and for giving common people timely and fair warning for what lies ahead.We need more people like Mr. Arnold, who makes this world a better place.
Rating:  - Mediocre thesis
The basic thesis, that there will be another Great Depression, seven times worse in fact according to the author, rests entirely on one premise:the number of 45-54 year olds peaking and declining precipitously will cause the Dow Jones (the economy) to crash just as hard.I must admit, the 80+ year correlation between the inflation-adjusted DJIA and the 45-54 year old demographic is astounding.But as we all should know, correlation does not equal causation.In fact that correlation unraveling as ... Read More
The Great Bust Ahead: The Greatest Depression in American and UK History is Just Several Short Years Away. This is your Concise Reference Guide to Understanding Why and How Best to Survive It | | | |
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