Harry Dent predicts a 50% decline in real estate and an 80-90% drop in stocks

Retirement Lifestyle Advocates, Released on 4/7/24

On this week’s episode of Retirement Lifestyle Advocates Radio with your host Dennis Tubbergen, economist Harry Dent predicts a significant economic downturn in the US, with the government adding a trillion dollars in debt every 100 days. He believes that the US has been avoiding a second Great Depression since 2008 by printing money and running consistent deficits, but this is unsustainable and will lead to a financial crisis. Dent predicts a 50% decline in real estate and an 80-90% drop in stocks. He advises investors to move into safe long-term treasury bonds, which he believes could double in value during the crisis. Dent also criticizes the government’s attempts to avoid recessions, arguing that they are a necessary part of the economic cycle.

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.

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