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Harry Dent Says To Brace for the ‘Economic Winter’, Dow Could Plunge 18,000 Points (Part 1/2)

Kitco News, Released on 10/31/17

For Part 2 of this interview, CLICK HERE

Harry Dent is known for making bold calls, the well-known economist is now warning investors to prepare for the coming of an “economic winter.” Dent said the party is over for the Dow Jones Industrials Average (DJIA) which has seen 54 record closes this year. “We have been bubbling since 2009 – I am projecting that the Dow will go down to 5,000 – 5,500 in the next two to three years,” Dent said in an interview on Tuesday. Dent’s forecast comes from his latest book, “Zero Hour” in which he says the coming financial crash will “dwarf” the Great Recession and possibly the Great Depression. “We have been putting off winter, it’s finally going to hit and it’s going to be worse than ever,” he warned. The DJIA is up 4.2% for the month of October, while the S&P 500 has gained 2.1% and the Nasdaq Composite has risen 3.1%.

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

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