The Next Great Bubble Boom
Posted: Fri Sep 17, 2004 2:41 pm
I perused Harry S Dent's new book. He still thinks demographics will keep the bull going through 2009, but now he thinks the decennial cycle is more powerful than the demographic cycle (stocks perform better in the 2nd half of the decade due to corporate managers using 10 year plans that come to fruition then). He also advises the sell in May and go away strategy during the 2nd year of Presidential terms because incumbent Presidents are getting the pain over then so that they can goose the economy for the next election in years 3 and 4.
An interesting point he made is that rapidly increasing population has played a large role in economic growth for centuries, but population is expected to soon stabilize or decline in many nations. Declining population could result in declining economic stats. Once the bear comes, areas such as western Europe may not recover significantly during our life times.
An interesting point he made is that rapidly increasing population has played a large role in economic growth for centuries, but population is expected to soon stabilize or decline in many nations. Declining population could result in declining economic stats. Once the bear comes, areas such as western Europe may not recover significantly during our life times.