In Full Boom
Economy got you down? Change may be on the way.
Harry S. Dent Jr. forecast the '90s boom when others were crying doom. Now the Miami Beach, Florida, economist says we're entering another, even bigger boom, which will be followed by a bust rivaling the Great Depression. Once again, Dent, who makes his case in The Next Great Bubble Boom: How to Profit From the Greatest Boom in History: 2005-2009 (Free Press, $26), opposes the consensus view, which foresees a more challenging economic environment.
Dent discounts worries about interest rates, oil prices and terrorism to focus on demographic trends and technology cycles. In the last half of this decade, he notes, the baby boom generation will reach its peak spending years. Simultaneously, technologies including broadband wireless will reach 90 percent penetration. This combination, in his view, will drive the Dow Jones industrial average to 35,000 and create rich business opportunities.
Continue reading this article - and everything on Entrepreneur!
We make some of our best content available to Entrepreneur subscribers only. Become a subscriber for just $5 to get an ad-free experience, exclusive access to premium content like this, and unlock special discounts.
Entrepreneur Editors' Picks
Kale Was a Garnish Before This Creative Genius Made It Famous. Here's How She Did It — and What She's Planning Next.
Telling Your Brand Story Is Crucial. 4 Steps to Ensure That It Resonates.
This Baker Was Told Not to Speak Spanish With Colleagues, So She Started Her Own Cake Company That Values Employees Just as Much as Customers
Improving Yourself Takes 9.6 Minutes of Work Each Day
Meet the Women Behind Some of McDonald's Most Iconic (and Essential) Ingredients — and How They're Setting New Standards
Remote Work Shouldn't Be Up for Debate
Employees Are Over Foosball Tables and Free Snacks. Your Company Culture Needs This Instead.