The economy is in a bubble, and “you will see a 40-50% crash in the first two and a half months,” following that bubble bursting, says Harry Dent, founder of HS Dent and editor of HS Dent Forecast. The initiation of the Fed beginning to raise interest rates will promulgate the topping of this market, he tells our Daniela Cambone in this edition of Outlook 2022: The Tipping Point. Dent believes we are near peak inflation levels, and says, “as soon as we come out of this downturn, you will not see inflation over a couple percent for the rest of my lifetime.” Dent examines all of the leading indicators of what he calls building towards a crash, and “would be extremely surprised if we don’t get that first crash starting in Q1.”
#economy #federalreserve #inflation
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this is a truly unsustainable system
That makes sense, good thing more people are getting to learn more about wealth and that Cash is pretty much trash at this point, it is designated to fail eventually, 3 BEST and surprisingly easy ways to double or hold your funds in 2022; Real Estate, Gold, Who can guess the 3rd??
This guy Dent has been forecasting a great crash for at least two decades. If you took his advice you would have missed the greatest bull market run in history. Harry Dent has been so wrong and given such bad advice it is mind boggling how anyone gives him any credence. Harry, please, go away.
jan 4 2022 hes wrong again
Fallacious rhetoric. About to be a boom in the market. Idiots that talk about crashes usually want cheap stocks.
Crash is predicated by him every year, hopefully he might be right at some point of time in his life time.
Insufferable.
Seriously who has much if any savings after this plandemic – genocide – demolition of economies, medium size and small business are destroyed, and if anyone has had any savings they are spending it to survive…. oh yeah… govts and banks are ALL bankrupt! The elephant in the living room is DEBT BASED CURRENCY. IT IS WHAT MUST GO! ASSET BACKED MONEY IS ESSENTIAL FOR HUMANITY TO PROGRESS OUT OF THIS HELL HOLE!
Why do you even have him on your program…..
Looking at the trends over the past few decades, every time they have raised interest rates, they soon end up reversing and restarting bond buying and putting interest rates to zero.
This game has become so unpredictable and the debt is so much higher around 30 trillion. Investors are waking up to the fact that they cannot raise interest rates. Even 0.25% of 28 trillion is 75 billion. There is no way americans can afford to pay this. The only option is default.
Us dollar is dead
29:44 FAIL!
Harry lost count of his perennial market crash predictions. His listeners are keeping count of it!
Is there a time when dent didn't predict a crash
Wow. This guy is horrible.
Ho Harry, theres other work
if u gave dent 100.00 a decade ago you owe 95.00.
his track record? enough said.
Last year's predictions costed me I was afraid of starting a business but now Im just going ahead with business
It's best to save money in gold and minerals
He sounds so angry
I almost feel bad for this jeez
@22:08 'Once I heard it was the Digitization of cash then I finally got it". Ah this drives me nuts. Complete hoodwink. The whole advantage of digital over analog is that you have a very precise, replicatable and CONSISTENT methodology of storing information. It's useful for things which requires LARGE amounts of data (such as audio or video). For CASH it MEANS ABSOLUTELY NOTHING. It's VERY LOW level of information.
I can transfer cash through a wire transfer, through ACH transfer or I can just cut you a check. There is very little to obtain by "digitization". This is just using industry jargon to try and sound impressive. The only 2 points that are valuable are *decentralized and *blockchain. But unfortunately decentralization just means it has no nation state support (can be made illegal) and blockchain, while useful amounts to a slightly faster method of transerence of money. It's not a real biggie.