Sunshine in 2009, inevitable depression by 2010, then once in 80 year buying opportunity

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Pre-requisite reading: Boom then depression by 2012 (category)

I have been writing for many years about a depression commencing in 2009. The primary driver for this depression is demography and the retirement of the baby boomers from 2009. I recently suggested that that this ten year depression would be exacerbated by many other events that are occurring at the same time. I originally learnt about the prospects and reasons for this depression from Harry Dent. I originally trained as an economist and the rationale was beyond speculation, it was obvious and likely. However, opaque channels in the world seemed to prevent any preparation or action to mitigate the damage on the world and its people.

Harry Dent recently released two Youtube videos providing some quick thoughts on the impact of the credit (and now financial) crisis on his depression scenario. In essence, there will be a period of optimism in 2009, but the demography underlying the depression will begin to bite and lead into depression. He recommends that people hold cash while the value of assets fall. Investors with cash will be presented with a buying opportunity that only occurs once in an 80 year new economy cycle. I recommend you watch the videos below.

Harry Dent discusses the coming depression Part 1

Harry Dent discusses the coming depression Part 2