Stansberry Research, Released on 2/6/23

“The housing market will crash just back to its previous lows seen in 2012,” claims Harry Dent, founder of HarryDent.com. “The West Coast, Austin, and Phoenix are the biggest housing bubbles observed at the moment… This is going to be the biggest crash in housing of our lifetimes,” he tells Daniela Cambone. “Then we probably won’t see [another housing crash] again for decades,” he continues. “The government has created this second [housing] bubble, this would have not have happened if they did not go to long-term zero interest rates,” Dent exclaims. “It takes three waves down to indicate a major bull market or a major bear market, and my indicator shows the we’ve only begun the second wave down,” he says. “You’re going to want to get back into stocks probably around July of 2024” Dent continues. “Bitcoin and Ethereum are going to survive this and have an incredible boom over the next 15 years. The losers need to be shaken out,” he says. “If you’re the U.S. government, you can’t afford even temporarily to default on what are considered the safest-quality, long-term bonds in the world”, he says. Dent concludes, “Gold will go down to the $900 to $1,000 range, and U.S. treasury bonds are the best safe haven… Cash is the safest place to be, however.”

00:00 Status of housing market
4:32 Is this the time to buy housing?
5:18 Where are we in this stage of recession?
7:06 Stock crash and its connection with the housing market
9:09 Harry’s thoughts on bitcoin
11:30 The bitcoin bubble
12:36 Is it good to invest in bubbles?
13:56 Harry’s bearish view on gold
15:57 Tech stocks and the massive layoffs
17:58 Harry’s portfolio strategies
20:16 Is the debt ceiling just noise?
23:07 Where is the U.S. dollar going from here?
25:12 How much longer will we see Fed rate hikes?
26:34 Final takeaways from Harry

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). His most recent novels are The Sale of a Lifetime and Zero Hour.

  bitcoin, bonds, federal reserve, market crash, stock crash, stocks