Posted on 12/19/2023 5:00:39 AM PST by Carriage Hill
As the clock ticks closer to 2024, one outspoken economist is making a dire predication about the markets in the new year. "Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."
(Excerpt) Read more at foxbusiness.com ...
Are you sure about that?
I am already prosperous.
https://www.whitecoatinvestor.com/bernstein-says-stop-when-you-win-the-game/
The problem with this analysis is that we have had artificial money in our pockets since 1965, and in our central banking system since 1971.
Either modern monetary theory is false, in which case the current regime of money printing will come to an end, or it isn’t, in which case everything is fine.
Time will tell.
Hi.
Let’s see some economic indicators over the last 2° years...
Inflation, pick a number over 10%
Balance of payments with foreign countries
Treasury bond yield curve inverted
Labor participation rate down
Federal government deficit and debt
Not to mention a couple of wars and more to get hot (Persia, Yemen, Africa).
Supply chain disruptions, possible food riots
Everything is going to get real, real fast.
5.56mm
I too lost extensively in 2008, but at my wife’s behest I stuck with stocks, which worked out since I didn’t retire until 2019. I tend to invest a bit more conservatively now, but still have the majority in stocks (as well as a good-sized cash contingency), since I’m living well on my income and don’t need the money. That is, until the government debauches the currency and ruins us all!
Did I mention bank failures?
Buckle up...
5.56mm
LOL...See post #67 above..
Since I could read, I’ve seen them, too, in some form or another. As our Nation gets itself in deeper and deeper, it gets more dire.
2009 - The Great Depression Ahead
2011 - The Great Crash Ahead
2016 - The Great Gold Bust Ahead
2017 - The Great Bubble Burst of 2017-2019
Harry Dent seems to have been predicting a crash for the past 15 years. He predicted a 40% market drop in 2021, and stocks gained almost 30%. Eventually, he’s gonna be right.
His advice is “Get Out”. Now. He’s predicting deflation, so maybe a deflationary strategy might be more appropriate if you believe him?
-”So if you just get out for six to 12 months and stuff stays at the highest valuation history, maybe you miss a little more gains if I’m wrong. If I’m right, you’re going to save massive losses and be able to reinvest a year or year-and-a-half from now at unbelievably low prices and magnify your gains beyond compare.”-
But getting out, then having to buy again at a higher price isn’t just “missing a little gains”, it’s a loss. And there is another cost to getting out in the form of capital gains taxes, at least on stocks that are not in a retirement account. But I guess you are going to pay those eventually anyway. Unless there is a real crash.
The federal government can go belly up for all I care. They take almost half my income and I might as well shovel that money into my fireplace for all the good it does me.
On the other hand, people still need to buy things. They need to get groceries, get gas for their cars, as well as a lot of other goods and services. So all our corporations and small businesses should survive a government default. People currently on welfare or on government payrolls might need to get out there and get jobs but that might only help us.
“Harry Dent seems to have been predicting a crash for the past 15 years. “
Stopped clock; blind squirrel.
One of these years, he’ll get it right... LOL.
So it was stolen, right?
You can’t have it both ways. Either you think the ‘20 election was stolen or you don’t think that. Which is it?
We are in a recession now by traditional standards.
And Sam Adam supporters, Jefferson supporters, Patrick Henry supporters, John Hancock supporters, Washington supporters, etc.
Those crazy whackos spewing silly talk about a revolution against the King.
What morons!!!
.
Let’s be honest with each other.
We can’t print greenbacks fast enough and we can’t vote ourselves out of this dilemma.
Methinks it will come down to a real insurrection. With guns and bombs etc.
Buckle up.
5.56mm
I am waiting for all of the court cases to prove it.
So far…there are none.
But with all of the grass roots efforts to fix those election board problems, I am confident in the results of the next one.
Oh wait…all we have heard is whining. And a lot of that. But no one has actually done anything.
You guys must like losing. Because it’s going to happen again. Thanks.
Wow, what does it take? You are a buffoon.
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