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Bestselling author and financial guru Harry Dent shows why were facing a great deflation after five years of desperate stimulus and what to do about it nowThroughout his long career as an economic forecaster Harry Dent has relied on a not-so-secret weapon demographics Studying the predictable things people do as they age is the ultimate tool for understanding trends For instance Dent can tell a client exactly when people will spend the most on potato chips And he can explain why our economy has risen and fallen with the peak spending of generations and why we now face a growing demographic cliff with the accelerating retirement of the Baby Boomers around the worldDent predicted the impact of the Boomers hitting their highest growth in spending in the s when most economists saw the United States declining And he anticipated the decline of Japan in the s when economists were proclaiming it would overtake the US economyBut now Dent argues the fundamental demographics have turned against the United States and will hit more countries ahead Inflation rises when a larger than usual block of younger people enter the workforce and it wanes when large numbers of older people retire downsize their homes and cut their spending The mass retirement of the Boomers wont just hold back inflation it and massive debt deleveraging will actually cause deflationweakening the economy the most from into Dent explores the implications of his controversial predictions He offers advice on retirement planning health care real estate education investing and business strategies For instance BUSINESSES should get lean and mean now Identify segments that you can clearlydominate and sell off or shut down others If you dont the economy will do it for you more painfully and less profitablyINVESTORS should sell stocks by mid-January and look to buy them back in or later at a Dow as low as FAMILIES should wait to buy real estate in areas where home prices have gone back to where the bubble started in early GOVERNMENTS need to stop the endless stimulus that creates more bubbles and kills the middle class and should assist in restructuring the unprecedented debt bubble of Dent shows that if you take the time to understand demographic data using it to your advantage isnt all that difficult By following his suggestions readers will be able to find the upside to the downturn and learn how to survive and prosper during the most challenging years ahead.