Just about the same time that the Kevin McCarthy - Chuck Schumer - Joe Biden deal to not increase the national debt more than 4 TRILLION dollars in 19 months expires. That means all of the pandemic excess spending will be actually spent, so the real economy becomes more dependent on normal people spending their own money.
The federal reserve will do everything in its power to forestall the collapse into Trump takes office. That way they can pin it on him.
Harry Dent has a serious reputation. And what he says makes sense.
On the other hand, economists have predicted 9 of the last 2 recessions.
I think Dent is right about a major crash. It has to happen. But he’s got the timing wrong. Our reckless friends in DC still have a few cards to play. They can still service the debt. They can still borrow and spend.
So not in 2024. 2030, maybe?
Which is why DC took a month long vacation.
If the Deep State is smart, it is deciding on two options for the upcoming crash, which they have to forestall until 2025. The first is to let Trump win, so that MAGA can be blamed and its strength emaciated (cf. Herbert Hoover). The second is to have its stooge in power, so that they can immediately implement the revolution and complete the destruction of America.
Harry Dent and the chamber of poor returns
https://www.cbsnews.com/news/harry-dent-and-the-chamber-of-poor-returns/
“The true story is that Dent’s success as a forecaster would be more accurately compared to the blind squirrel who occasionally finds an acorn — make enough forecasts and you eventually will get one right.”
MSU scholars find $21 trillion in unauthorized government spending; Defense Department to conduct first-ever audit
When the Civil War goes hot...sometime in 2024 we will naturally see a great economic crash as well.
The crash will not happen as long as there’s a shortage of homes in the US.
The dems need a manufactured recession to start after DJ Trump takes office. That way they can blame it fully on him.
They will gin up some kind of major crisis for 2024, like a disease, cities on fire, a show trial, a series of bimbo eruptions against DJ Trump, or something more imaginative.
We are in the largest cash “bubble” in our history. Trillions in worthless dollars handed out like candy, in the name of “equity” and “recovery.”
The piper will be coming for his pay, sooner than later.
I don’t claim to be a financial expert, but I’m surprised the whole financial system hasn’t collapsed already. I mean, we borrow nearly half of what we spend. I just don’t see how that can go on.
Strongly disagree. Next year the markets are going to be gang busters. The Dow Jones Industrial will be above 40K by election day, Unemployment will be below 3.6%, lowest African American and Hispanic American numbers in history and inflation will be down to 2.9% by election day. Interest rates will drop substantially. Keep me Honest :)
Then why hasn’t the stock market crashed?
“”I’m the guy that’s praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks,” he continued.”
The guy has an agenda so there’s that. Kevin O’Leary is right - you can’t time the market.
There will be downturns and crashes and they can happen at any time. Many see the problems but the timing of the final trigger can often be difficult to predict.
If it crashes so be it. I’ll ride it out like 2008-2009.
“I’m the guy that’s praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks,” = The taxpayers will bail out the banks again.
