I wouldn’t be surprised if there was a massive, universal profit taking before the end of the year. The country and institutions are in the hands of evil idiots and über ripe for a systemic collapae of biblical proportions.
The baltic dry index is a measure of future shipping world wide and therefor a measure of future economic activity. It bottomed in the summer this year. Since then it has been going up.
Typically the country goes into recession after the fed starts lowering interest rates—because they see the recession coming and try to get ahead of it.
So we may be going into a recession—if we’re not already in one. What the baltic dry index shows is that on the other side of the recession is a sharp rebound.
The baltic dry index is a measure of future shipping world wide and therefor a measure of future economic activity. It bottomed in the summer this year. Since then it has been going up.
Typically the country goes into recession after the fed starts lowering interest rates—because they see the recession coming and try to get ahead of it.
So we may be going into a recession—if we’re not already in one. What the baltic dry index shows is that on the other side of the recession is a sharp rebound.
“Harry Shuler Dent Jr. (born May 12, 1953)[1] is an American financial newsletter writer. His 2009 book, The Great Depression Ahead, appeared on the New York Times Bestseller List.”
Harry Dent is a doom and gloomer who sells newsletters that predict doom and gloom, and sooner or later he’ll be correct as long as he keeps predicting the same thing over and over again ... then he can put in his newsletter that he called it!
This type of prediction has been made just before the New Year every single year I’ve been alive!
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
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.
We are in a recession now by traditional standards.
.
Followed quickly by an email quoting the prediction, and offering to protect you from ruin by having you buy whatever they’re selling.