Greatest Crash Ever: Avoid Equities and Housing Until 2024, Harry Dent Doubles Down
Stansberry Research, Released on 8/10/22
"This is the greatest financial asset bubble in history, there is no soft landing for this [economy]," claims Harry Dent, founder of HarryDent.com. "All the signs point toward a recession, and we've just finished the first of three major downturns in markets," he tells our Daniela Cambone on the final episode of this year's Summer Series. "We're at the biggest demographic downturn in history," Dent argues. He believes it is essential to flush out "bad debt," and predicts trillions of dollars will be sold off in stocks, real estate, and commodities like gold. Dent contends that the Fed's tightening measures, "will "fail faster than they think." Dent says we're approaching a once-in-a-lifetime crash, and urges investors to protect their assets moving forward while the suffering unfolds.
00:00 S&P 500 and Nasdaq crash8:28 80%-90% correction to the market11:00 Will the money printing keep the good times rolling?14:04 Inflation Reduction Act16:04 Is housing the best commodity?17:52 Where is inflation heading?19:30 The trend of bitcoin and gold22:23 Timeline for gold and bitcoin bottom24:08 Dent's view on buying treasury bonds25:07 Dent's view on the U.S. dollar27:00 Are we heading towards a digital dollar?27:45 The future global reserve currency
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the dot-com bubble-bust in 2000 and the housing bust in 2006 to 2007 (among many other things). He's written numerous books, including The Great Boom Ahead (1992), The Great Depression Ahead (2008), The Great Crash Ahead (2011) and The Demographic Cliff (2014). His most recent novels are The Sale of a Lifetime and Zero Hour.
Greatest Crash Ever: Avoid Equities and Housing Until 2024, Harry Dent Doubles Down added by Herman James on 08/09/2022View all posts by Herman James ?+'