A 40% correction is coming for the stock market, this according to Harry Dent, New York Times best-selling author of Zero Hour. "The Fed is losing absolute control," he tells our Daniela Cambone in this exclusive interview. While he argues that the crash will be the worst of our lifetime, Dent predicts that the ensuing depression will not be decades long. The popular pundit also warns that there is nowhere to hide to protect yourself from this crash, "Nothing can save you, not Bitcoin, not gold." Dent explains how he sees Bitcoin as a super bubble that will correct 95% and why gold will be heading back down to $1,000 an ounce.
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.