All listings for this product
Best-selling in Textbooks
Save on Textbooks
- AU $14.50Trending at AU $17.06
- AU $20.15Trending at AU $23.77
- AU $72.88Trending at AU $77.22
- AU $32.75Trending at AU $55.12
- AU $91.99Trending at AU $99.23
- AU $30.78Trending at AU $34.76
- AU $29.99Trending at AU $31.93
About this product
- DescriptionWhen we have a large generation at its financial peak, as we had recently with the War Boom Baby generation (Boomers), we will have a long-term ecomic expansion. Conversely, as that generation starts to downsize, we will have a long-term contraction. These generational ebbs and flows set a series of waves that pass over the ecomy representing a tremendous financial force, the magnitude of which financial advisers and the media underestimate. The Boomers were the largest generation in the history of the United States, for which the book's model predicted our longest expansion lasting 25 years from 1983 through 2007. During this period, the Boomers injected an unprecedented amount of ecomic stimulus into the ecomy. Granted there were a couple of recessions, but these were relatively mild and the period from 1991 until 2001 was the longest without a recession in U.S. history. There were numerous reasons for the Great Recession, but at its core was the fact that this, the largest generation was starting to downsize and withdraw their record level of generational ecomic stimulus from the ecomy. They were buying less, particularly fewer, larger homes, thereby bursting the housing bubble that precipitated the Great Recession. These generational waves do t directly cause a serious recession or depression, but rather set the stage upon which the financial actors perform according to the script of their time. [Take a journey upon the time machine at YouTube and see what it forecasts at youtube.com/watch?v=oqVXU_CXaRM - All aboard!] If this theory is true, it should also apply to other peak generations such as the Boomer generation that followed the Civil War and the Greatest generation who won World War II. It turns out that these generations also spawned record breaking, long-term expansions. And, when they started to retire, we had the Great Depression in the 1930s and the 1970's malaise with four recessions in a mere 13 years. Thus far, the model has correctly predicted the course of the U.S. ecomy since 2001, and more importantly likely predicts our ecomic future. Interestingly, the time machine's principles also apply to many of the world's leading ecomies including China, Japan, Germany, France, the U.K, and Italy.
- Author BiographyAs a management consultant, Rob Oberst served as the regional practice manager for Watson Wyatt (currently Towers Watson.) He wrote the white paper, business plan, and directed the marketing efforts used to found the successful $100+ million consulting practice. Earlier, he managed the design and implementation of nearly every financial application. As a leader in three national associations, Rob published works on strategic reengineering, and emerging technologies including a book entitled 2020 Web Vision: How the Internet will Revolutionalize Future Homes, Business, and Society. He has presented to dozens of management groups and universities. Rob has a BS in Operations Research from Miami University along with an MBA in Policy and Organizational Behavior from Case Western Reserve University. Clients included JP Morgan Chase, Bank America, Citi Bank, PNC, Key Corp, GE, Kraft, Sherwin Williams, Goodyear, Bridgestone Firestone, Toyota, BP, Callaway Golf, Qualcomm, Eaton, Parker Hannifin, Ryder Truck, TRW, Scripps Clinic, and the Cleveland Clinic.
- Author(s)Robert D Oberst
- PublisherCreatespace Independent Publishing Platform
- Date of Publication26/08/2013
- FormatPaperback / softback
- SubjectEconomics: Professional & General
- Country of PublicationUnited States
- ImprintCreatespace Independent Publishing Platform
- Content Noteblack & white illustrations
- Weight404 g
- Width152 mm
- Height229 mm
- Spine16 mm
- Format DetailsTrade paperback (US),Unsewn / adhesive bound
This item doesn't belong on this page.
Thanks, we'll look into this.