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The Financial Time Machine: Predicting Our Economic Future

Oberst, Robert D.

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ISBN 10: 1490594981 / ISBN 13: 9781490594989
Published by CreateSpace Independent Publishing Platform
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2013 - Paperback - Used - Good - - Shows some shelf-wear. May contain old price stickers or their residue, inscriptions or dedications from previous owners in first few pages and remainder marks. - .-. Bookseller Inventory # SE-09-3-0009

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Title: The Financial Time Machine: Predicting Our ...

Publisher: CreateSpace Independent Publishing Platform

Book Condition:Good

About this title

Synopsis:

When a large generation is at its financial peak, we will have a long-term economic expansion.  As that generation starts to downsize, we will have a long-term contraction like the Great Recession that this book predicts will not end soon. These generational ebbs and flows set a series of waves that have passed over the economy for decades generating tremendous financial force.
 
The Boomers were the largest generation in the history of the United States, for which the book predicted our longest expansion lasting 25 years from 1983 through 2007.  During this period, the Boomers injected an unprecedented amount of economic stimulus into the economy.  Granted there were a couple of recessions, but these were relatively mild and the period from 1991 until 2001 was the longest without a one in U.S. history.
 
There were numerous reasons for the Great Recession, but at its core was the fact that this, the largest generation ever was starting to downsize and withdraw their record stimulus from the economy. They were buying less, particularly fewer, larger homes, thereby bursting the housing bubble that precipitated the Great Recession.  Generational waves do not 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 past peak generations such as the Greatest generation who won World War II and even the peak generation that followed the Civil War.  It turns out that these generations also spawned record breaking, long-term expansions.  And, as they retired, we had the Great Depression in the 1930s and the economic malaise in the 1970s with four recessions in a mere 13 years.
 
Thus far, the model built in 2001 has correctly forecast the course of the U.S. economy for 140 years, and more importantly likely predicts our economic future.  Interestingly, the time machine's principles also apply to most of the world's leading economies including China, Japan, Germany, France, the U.K, and Italy.  

About the Author:

As 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.

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