#recession #dollar
Greatest Crash Ever: Avoid Equities and Housing Until 2024, Harry Dent Doubles Down
437,208 views as of 9/19/22
Aug 10, 2022
“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.
#inflationbubble #recession #dollar
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Chapters:
00:00 S&P 500 and Nasdaq crash
8:28 80%-90% correction to the market
11:00 Will the money printing keep the good times rolling?
14:04 Inflation Reduction Act
16:04 Is housing the best commodity?
17:52 Where is inflation heading?
19:30 The trend of bitcoin and gold
22:23 Timeline for gold and bitcoin bottom
24:08 Dent’s view on buying treasury bonds
25:07 Dent’s view on the U.S. dollar
27:00 Are we heading towards a digital dollar?
27:45 The future global reserve currency
#Equities #Real Estate #Harry Dent
