ITM Trading, Released on 1/12/24
“This time, it’s got to crash 86% for the S&P 500 just to get back to the last low in early 2009,” cautions Harry Dent, the founder of HarryDent.com. In an interview with Daniela Cambone, he paints a bleak picture of the financial landscape for 2024, suggesting that the largest stock market bubble of our lifetime is on the verge of bursting. “This year, we’re going to see the economy down,” attributing it to the Federal Reserve both overstimulating the economy during the pandemic and now engaging in over-tightening. “It takes more like a year and a half to fully hit. So the tightening that peaked in March of 2023 will not fully hit until late 2024,” Dent explains. He is less optimistic about the housing market in 2024, indicating that there might be a prolonged period before people can purchase houses at discounted prices.” Watch the video for more of his insights.
00:00 Introduction and Dire Warning for 2024
03:00 Government Stimulus and Economic Cycles
06:01 The Fed’s Control and Damage Control
07:51 Preparing for the Crash: Avoiding Equities and Real Estate
09:02 Buying Opportunities and Real Estate Market
12:24 Real Estate Market in Canada
13:02 Investing in Cash and Long-Term US Treasury Bonds
15:26 Bitcoin and Cryptocurrencies
17:41 Gold and Financial Asset Bubbles
19:02 Flying and Election Predictions
20:42 Conclusion
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.
Harry Dent: ‘Biggest Crash in Our Lifetime’ is About to Hit, 86% nosedive in S&P added by Herman James on
View all posts by Herman James →
Harry Dent, no one has ever been more wrong and more often than this loser. Actually, I can see a huge crash in 2024, after all that’s why the Fed is talking about rate cuts, they see a financial crisis also. But, Dented brain is still wrong because he’s been preaching this same story since at least 2015.