Harry S. Dent Jr. | investment strategist and author | satellite navigation system | Henry Miller
Seven Trends You Can't Ignore This Year
by
Andy DappenWant some expert guidance for the road
ahead,, a sort of satellite navigation system for your
business? We did, too. An elite cadre of market watchers and
trend seekers gave us these landmarks to steer by.
"Confusion is a word we have invented for an order which is not
understood." Henry Miller
The events of last September did more than stun the world, it
brought confusion to all quarters, the business sector included.
Believing that companies, entrepreneurs, investors, and employees
alike want a road map through the newly foggy landscape, we asked
some high-profile experts for help. What trends, we asked, will
mark our progress through the business world over the coming year?
Here are the directions that authors, futurists, management
consultants, and demographers - people like
Faith Popcorn, Harry S.
Dent Jr.,
Michael Hammer,
Daniel Pink, J. Walker Smith, and William
Frey - told us they'd give to those navigating this 2002
economy.
THE BUYING OPPORTUNITY OF A LIFETIME
Harry S. Dent Jr., an investment strategist and author of the
bestseller The Roaring 2000s, uses the past as a window to view the
future. Comparing the demographic, investment, and technological
cycles of the 1920s to today, Dent sees striking parallels. Eighty
years ago the country witnessed a technology consolidation when
automobiles (the tech industry of the early 1900s) reached a
household penetration rate of 50 percent. "The magnitude of the
NASDAQ crash of 2000-2001 was almost identical, and it occurred
when the penetration rate of our current high-tech industries
(computers, Internet, wireless services) hit that same 50 percent
level."
Eerily, the year of that dip saw the first modern terrorist attack
against America; an explosion on Wall Street in September 1920
shocked the business world. Nonetheless, the Roaring 20s followed
on the heels of all that turmoil, and tech stocks that had seen a
70 percent downturn in 1920 saw a decade of unprecedented growth.
"Auto stocks rose over tenfold during the 1920s," Dent notes.
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