Goldseek Radio, Released on 8/15/23

From his office in New York City, Harry S. Dent Jr., “The Dean of Demographics,” founder of harrydent.com, sees recession on the horizon for the domestic economy.

– Policymakers have injected over $5 trillion in stimulus.
– Money velocity continues to decline, hinting at a speculative financial bubble.
– Sharpest rate hike cycle in history. We’ve never had a rate hike this steep. That alone is an almost-guarantee of a recession. People are in delusion right now. We are in a coo-coo economy and the only way to get back to normal is to have a crash and a recession.
– Once the financial bubble bursts, the 90 year cycle will complete.
– Coma-Economy.
– Are assets so overvalued that virtually any investment is risky?
– John Hussman’s economic outlook.
– Could the markets lose 14 years of gains?
– Are high-end residences most at risk, facing 70% price reductions?
– Has a decade of easy-money and overleveraging leading to the deepest recession in modern times?
– Demand from India could be a major long-term bust for the PMs sector.
– Will South-East Asia ignite the next economic bonanza.
– Dent doesn’t invest in individual companies; 99% of companies valuation will go down. There is nowhere to hide except safe havens in bonds and gold.
– Dent prefers bonds first, and gold if you want diversification; not commodities, and not silver as silver acts like a commodity. Gold has safe haven status that will hold up best. Dent thinks it will go down.
– Circumstances that could lead to $3,000-$5,000.

Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder of HarryDent.com, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. Harry received his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. He then joined Bain & Company as a Fortune 100 business consultant. 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.

  gold, mining stocks, precious metals, recession, us economy