Michael Covel talks with Harry Dent in his second visit to the podcast. Dent studies demographic and historic trends to see major events unfolding long before the mainstream media has them on their radar. Dent’s new book is called "The Demographic Cliff". Covel and Dent discuss why demographics are so important; the definition of the "demographic cliff"; demographic comparisons between the US and Asia; rates of urbanization and GDP in emerging countries; the baby boomer generation; the Japanese "coma economy"; why the retirement age needs to be raised; how real estate in America will never be the same; and "die-ers" vs. buyers. For more information on Harry Dent, go to www.harrydent.com. Want a free trend following DVD? Go to www.trendfollowing.com/win.