The Great Bust Ahead
Encyclopedia
The Great Bust Ahead is a somewhat controversial book by Dan Arnold predicting an inevitable, massive economic depression in the United States
and United Kingdom
beginning in the years 2011-2012. It is available only on Amazon.com, where it remains a best-seller. Unlike most books of the "Gloom and Doom" genre, this one's prediction is solely based on demographics (similar to Harry Dent
's work), and the author is not an economist
. Written in 2002, it notes a strong correlation (with a few exceptions) since 1920 between the inflation-adjusted Dow Jones Industrial Average
and the number of 45-54-year-olds in the country. Both trends are predicted to increase until 2011-2012, and subsequently crash hard, leading to a depression that is seven times worse than the Great Depression
in the 1930s that lasts for roughly 13 years. It may even begin earlier as well according to Arnold. The author's website is updated every so often. The latest prediction as of January 2009 is that the current recession/financial crisis has nothing to do with the demographically induced depression to come, but is merely a warm-up to what is to come.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
beginning in the years 2011-2012. It is available only on Amazon.com, where it remains a best-seller. Unlike most books of the "Gloom and Doom" genre, this one's prediction is solely based on demographics (similar to Harry Dent
Harry Dent
Harry S. Dent, Jr. is an American financial newsletter writer. His latest book, The Great Depression Ahead, appeared on the New York Times Bestseller List.-Biography:...
's work), and the author is not an economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. Written in 2002, it notes a strong correlation (with a few exceptions) since 1920 between the inflation-adjusted Dow Jones Industrial Average
Dow Jones Industrial Average
The Dow Jones Industrial Average , also called the Industrial Average, the Dow Jones, the Dow 30, or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow...
and the number of 45-54-year-olds in the country. Both trends are predicted to increase until 2011-2012, and subsequently crash hard, leading to a depression that is seven times worse than the Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
in the 1930s that lasts for roughly 13 years. It may even begin earlier as well according to Arnold. The author's website is updated every so often. The latest prediction as of January 2009 is that the current recession/financial crisis has nothing to do with the demographically induced depression to come, but is merely a warm-up to what is to come.