Posted on 06/10/2024 11:31:30 AM PDT by ChicagoConservative27
Harry Dent, the outspoken financial author and economist, isn’t reversing course from his bold “crash of a lifetime” declaration this past December.
Speaking in an updated interview with Fox News Digital, Dent cautioned that the “everything” bubble still has not burst, and it may be a bigger crash than the Great Recession.
“In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new. This has never happened,” Dent said Tuesday. “What do you do if you want to cure a hangover? You drink more. And that’s what they’ve been doing.”
(Excerpt) Read more at nypost.com ...
Broken clock, yada yada yada
I can’t figure out how they kept the plates spinning since 2008.
Harry Dent ... Big mouth no bite.
His fund failed as have his predictions,
Why post this garbage.
Either PDJT or climate discombobulation
Agreed , Gator. I paid my “tuition” to Howard Ruff decades ago.
Yup.
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.
I believe Harry Dent has predicted 11 of the last 2 crashes...right?
Yep
I have said multiple times
2008 is coming again
(once in awhile I’ve noted “only worse”)
The market manipulators crashed the market hard in September and October of 2008, after spending pretty much the previous year tanking the economy. Look at who was President in 2007-2008 and who the puppetmasters WANTED to be President after 2008. Now you know why they did it.
Crashing the economy before November this year will only work if the puppetmasters’ media wing can convince the public that it’s either Trump’s fault or the fault of the GOP-controlled (ha!) House, or both.
There are tons of stupid people in this country, mainly the ones who believe what the media tells them, but this isn’t 2008 anymore and this time I don’t think they can pull it off.
Doesn’t mean they won’t try.
I remember when Joe was driving a semi 🚛 truck
and almost got eaten by Corn Pop and some cannibals
He's the boy who cried wolf. He should shut his big yapper.
“The market manipulators crashed the market hard in September and October of 2008,”
Congress and housing speculators crashed the economy.
Why all the early elections in the UK and France and why the early debates Trump-Biden?
All the mocking might mean he’s right this time. FR comments are usually a contrarian indicator.
Bad times are ahead. No doubt about it. But the saying goes, economists have predicted 5 of the last 2 recessions.
So I think I’ll stay the course, and stay diversified. A little bit of this, and a little bit of that. Stocks percentage = 100 - age.
And some bottled water and Dinty Moore beef stew in the basement.
Never trust an economist. Their predictions all come from theoretical economic theory and is rarely correct.
“All the mocking might mean he’s right this time. FR comments are usually a contrarian indicator.”
Does that mean you consider the mocking of Biden here a contrian indicator?
” Stocks percentage = 100 - age.”
I am 77. Except for my house I am 98% in stocks.
2008: Great Depression
2016: Dow @ $5,000.00
2017: Major crash within 3 years
March 2021: Biggest crash ever by June
November 2021: crash in early 2022
“Never trust an economist.”
Dent is not an economist. He is a book publisher.
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