Harry Dent (Article) – The Bubble Burst You Didn’t See Coming

Harry DentHarry Dent, Economy & Markets Daily, Released on 9/9/16

I keep saying that in the next great crash, everything will get swept up in the onslaught – with virtually no exceptions.

And that goes too for what we eat!

The 30-Year Commodity Cycle peaked in mid-2008 and has been the first major bubble to crash and burn.

The CRB (Commodity) Index has been down as low as 67%, with the potential for 74% or lower in the next few years.

Among individual commodities, oil has been down as much as 82% in early 2016. It looks set to revisit its late 2011 low – $18, or down 88%. And meanwhile, iron ore and steel have been down 76% with a potential for 88%.

That all goes without saying. When my Commodity Cycle turns down, these are all likely to follow. And the commodity bubble proves that when bubbles burst, they don’t just correct in a gentlemanly manner – they crash and burn so that the downside is more like 80%, not 50% as in more normal, long-term corrections.

Continue…

Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called “Survive and Prosper.” Mr. Dent accurately predicted Japan’s collapse in 1989, the dot-com bubble-bust in 2000 and the housing bust in 2006 to 2007 (among many other things). 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).

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