“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
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The market may not crash if the fed is willing to depreciate the dollar, which likely will be the case. Quite a few other financial advisors medetate inflation will probably last for a long while.
This guy is preaching from a logical standpoint. IF YOU BELIEVE MAINSTREAM NARRATIVES.
Keep calling for a crash Harry and you may eventually be right. You have been saying this since at least 2011
This entire conversation is in outer space. There are supreme (wholly evil) forces primed to create a world where, by decree, “You Will Own Nothing” (especially real estate)… and he is talking about how difficult it is, or will be, to “afford” to buy real estate. What we are seeing are “symptoms” of a global takeover… and the conquering menace doesn’t want our lives to be better. The conversation “should” be about how to stop the aforementioned takeover. Nothing else matters.
"Economists don't even have sex". Love it
“All economists are virgins.” I absolutely love this guy
Thank you Harry !!! Best man out there!!!
Love the passion of Harry Dent, and I believe he is absolutely correct. We have existed in this artificially inflated economy for way too long!! Whether or not his timing is a little off, remains to be seen…but I believe him.
The whole world needs a big crash! NOW!
Great interview except that last comment from HD
Great interview. Lots of sky is falling, but very stimulating.
hehehe love this guy
Not all housing markets are alike booming areas have much more inflated prices than rural communities. Small homes will retain their value more. They are not building small homes anymore. This guy is wrong about a number of things imo.
is this guy on crack?
When Dent says crash, what he really means is buy buy buy. His track record says so.
A correction ok. But crash? Money has nowhere to go but the stockmarket
LOL@Bitcoin as a reserve currency…21 million Bitcoin, 8 Billion+ people. Seems legit. No not really. Bitcoin is garbage and entertainingly enough it's not even a currency that you can spend anywhere.
He said he was going to retire after his last video. Please, keep your word. Sad thing is ultimately he will be proven correct on a lot of things but then he says to buy bonds, of a bankrupt country, completely, stupidly, wrong on this.
This one of the best interviews I’ve seen. I loved his take on everything. Thank you for this.
Poor ole Harry hasn't got a handle on MMT or geopolitical.
What did he say that the alternative to tlt is ?
->>> ……….. " or had sex for that matter " LOL
So everything is wonderful
Excellent stuff 👌
Harry you said that all will fall last June as well and this summer. Eventually you will be right but I think this will drag on for a while.
ON HOUSES I AGREE IT WILL BOTTOM LIKE ANYTHING EARTH IS SO HUGE LAND AND HOUSES ARE SO EXPENSIVE. WHAT DOES IT MEAN HOUSING LAND MAFIA… SHOULD NEVER PAY TAXES ANY THING TO LIVE ON GODS EARTH 🌍🌎 LAND … PEOPLE ARE FOOLS …
The issue is not jobs. The issue is the lack of productivity! What good is a jobs report when hardly anyone is actually doing anything?
HAHAHAHAHAHAH GETTING MORE VIEWS 😜🤣😅😂😃 BUT DEAD WRONG FOR NOW … EVEN THE IS TWICE IN 24 HOURS …
DID HE GET VAXXED ? IS HE CONFUSED ???
Save your assETS
This gent is wrong. The FID has unlisted purchases for stocks AND they are even using OTHER Central Banks to support the USA. The market been going up and I think it will until shortly after the elections minimum.
Harry Dent is an absolute joke. There is a reason why all of his videos have the comments turned off.
Harry has predicted 25 of the last 3 recessions. Seriously though, some day he will be right and there are certainly many, many bad things with the world today.
Conclusion at the end of this. Harry Dent is an idiot.
He says to buy treasuries. And then goes on to say that we are in debt bubble. US is the greatest debtor.