Posted on 01/30/2022 10:46:17 AM PST by Signalman
In a recent, rare sighting, famed investor Jeremy Grantham called for a 50% market crash. Watch to find out how Harry's predictions of the "everything bubble" crash of a lifetime compare.
Will this be the biggest crash in history? Beware the (market) dives of March! Harry discusses the succession of tops in the markets and timing of the coming megacrash.
The S&P 500 may be down as much as 58% by the end of March.
Harry Dent? Isn’t that Two Face ?
Yes, Billionaires may not have had their own personal bottles of MadDog2020 or crack pipes 20 years ago but did have staff that could have located and purchased those things if so desired.
“Figuring 10-15% correction unless the SHTF with Russia invading Ukraine and China moving against Taiwan after the Olympics...which is quite possible given its internal economic problems.”
That’s quite reasonable. Also remember that crashes are always overdone and not reasonable.
That’s why crashes give us the best opportunities we ever get.
“Yes, Billionaires may not have had their own personal bottles of MadDog2020 or crack pipes 20 years ago but did have staff that could have located and purchased those things if so desired.”
Nope, homeless people have things that billionaires couldn’t have bought with all their money just over 20 years ago.
A smartphone for one, and a tablet for two.
> Harry Dent does not have a good track record. Just sayin’. <
These financial prediction guys are pretty much all the same. When they are wrong (which is most of the time) their predictions are soon forgotten.
But when they get it right, they’re on every talk show in the country. Three cheers for them...until their next string of wrong predictions.
I used to follow Dent back during the Dot Com bubble.
He really hasn’t changed his story much.
I dont think they are going to have a choice. Its either tighten up and crash, or do nothing and have inflation go wild.
Your average Dem voter has little invested. They think everyone in the stock market is a rich bastard. So, crashing the market will make them feel good.
The fact that many of them will lose their jobs later won’t occur to them until after the mid terms, yet before the Presidential.
I don't watch TV, and I agree with essentially all your points - but if by 'live your life' you mean ignore what is happening around us, I can't agree with that. Really bad things can happen unless prevented by people who are paying attention and who are willing to fight and make a sacrifice. Normalcy bias is real.
The problem is TV is still a huge influence on society.
“This tube is the gospel, the ultimate revelation; this tube can make or break presidents, popes, prime ministers; this tube is the most awesome g——— force in the whole godless world, and woe is us if it ever falls into the hands of the wrong people!” - Howard Beale (Network - 1976)
If you were a King or Queen and had to travel a few hundred miles, you were in for a very bumpy ride no matter how many cushions you had in your royal carriage. And you would have flies and mosquitoes and other vermin to deal with.
If you were a King in 1730 and you wanted to hear the Brandenburg Concertos by Johanne Sebastian Bach or Water Music by Frederic Handel, you had to have your servants pull together a full orchestra. You could not just have them bring the music to you with a few clicks of a computer mouse.
Let's face it, the average lower-middle class person of today has it way better than a King or Queen of medieval times.
Dent’s first book, “The Great Boom Ahead” had fantastic information that was worth big money when applied.
He was the only person who said in 1992: The DOW will hit 2,000 by 2,000, the housing market will have a huge crash in 2007-8, and mortgage rates will drop to 4%.
That’s a pretty good string of predictions. Who else predicted those things? Everybody laughed at DOW 10,000 by 2,000, I laughed at 4% mortgage rates, nobody knew what to think about a housing crash 15 years away.
His other books and his predictions since don’t compare to the first for quality or usefulness and he’s been terrible at stock market predictions since. By predicting a crash now, he’s just joining the crowd, who isn’t predicting that?
Sorry, the above should read: “He was the only person who said in 1992: The DOW will hit 10,000 by 2,000”
Seriously, I have not turned on the TV in years except maybe to stream an occasional movie or Trump rally. I miss out on nothing.
My East Hawaiian (= Hilo-side) Merrill-Lynch financial advisor Luanne B.-T., told me the same thing - a year earlier.
Regards,
“I dont think they are going to have a choice. Its either tighten up and crash, or do nothing and have inflation go wild.
Your average Dem voter has little invested. They think everyone in the stock market is a rich bastard. So, crashing the market will make them feel good.
The fact that many of them will lose their jobs later won’t occur to them until after the mid terms, yet before the Presidential.”
________________________________________________
Ladies and Gentlemen, this is what is called trenchant delivery of probabilities and truth.
Yes, but does living on the sidewalk with a smartphone give one a better quality of life than being a billionaire 20 years ago?
“My East Hawaiian (= Hilo-side) Merrill-Lynch financial advisor Luanne B.-T., told me the same thing - a year earlier.”
Thanks, that’s the first I’ve heard of anyone making that prediction, one that caused much derision and outright laughter at the time. You had a very good advisor on that detail and I hope you were able to take advantage!
Re: your post #31
My, you have a good memory! You should be rich by now if you invested!
“Yes, but does living on the sidewalk with a smartphone give one a better quality of life than being a billionaire 20 years ago?”
Well duhh, that wasn’t the point, never mind.
My, you have a good memory! You should be rich by now if you invested!
Thanks, there’s a reason I remember. I am rich now because I did invest.
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