Posted on 12/19/2023 5:17:53 PM PST by nickcarraway
“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.”
“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. “This should be a lesson I don’t think we’ll ever revisit. I don’t think we’ll ever see a bubble for any of our lifetimes again.”
Dent, who spent the majority of his career analyzing proprietary research, credited his against-the-grain prediction to overvalued markets and excessive stimulus spending. While recent rallies have overwhelmingly provided investors with mild recession expectations, Dent remained firm that an “everything bubble” will burst next year.
(Excerpt) Read more at nypost.com ...
I am my own “financial advisor”...don’t need some gonef playing with my money.
I’d agree, except I’d go further than “lifetimes”.
Try in the history of this Republic.
Can I ‘short’ the US?
They aren’t even a gonif. They don’t have enough skill.
So you think other countries will be doing better?
I think we are heading for some weakness and probably a recession. I have heard dire forecasts all through my 73 years and none of them have come true.
Sure go for it...............
How much of the stock market is inflated by the out-of-control printing of money?
The government has gotten awful good at conjuring up money to keep the economy hot.
Unless the Chinese central bank says no yuan for dollars the good times for the elite will continue.
“We’ve got to protect our phony-baloney jobs, gentlemen.”
https://www.shmoop.com/study-guides/movie/blazing-saddles/quotes/politics
That’s what I see - inflationary environment until fundamental voluntary or involuntary correction.
Fundamental correction as in replacing leadership, cutural change, a real war, a real pandemic, a starvation event etc.
We are way to stupid to have nice things.
At least when Reagan got the printing slowed down he minimized the pain with tax and regulation cuts. Why would Biden's handlers make this painful action right before an election?
“German Weimar style, not US 1930s style”
There’ll be a great chance to unload shirts.
Harry Shuler Dent Jr. is an American financial newsletter writer. His 2009 book, The Great Depression Ahead, appeared on the New York Times Bestseller List.
On December 10, 2016, Dent predicted that the Dow Jones Industrial average could fall 17,000 points as a result of Donald Trump’s election win. Less than two weeks later, Dent reversed his opinion and thinks there is short term growth for the US stock market, but demographic forces will keep the economic growth stagnant in the longer term.
Dent resides in San Juan, Puerto Rico.
Pass.
The German stock market did not do badly with the Weimar hyperinflation. Not even measured in US dollars, and certainly not in German Papiermarks, which became worthless.
Products of many German companies that existed in the Weimar era are around our homes and in our driveways today.
Most of it. Wall Street is now completely dependent on mobs of low inteterest capital. So is the banking system. They wrote their business plans around it.
So now, markets actually rise when there's bad economic news - like higher unemployment or downturns in retail - the fed might lower rates again and keep the circus going.
Wall St. banks have an inverse relationship American prosperity.
Definitely not.
My Yahoo post never aired and no reason given.
It was essentially;
“I noticed some index funds dropped 20 points on Monday while the market posted a gain.
I was in Christmas mode.
Seems as though Apple and the lawsuit might be kinda rough.”
Never made it to print on Yahoo! message board.
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