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Harry Dent: Stocks to crash 40% by April and won’t rebound for decades, here’s why (Part 1/2)

Kitco News, Released on 11/25/20

For Part 2 of this interview, CLICK HERE

The cyclical bull market for equities is over; after December, stocks will begin a secular multi-year decline, starting with a 40% correction by April, said Harry Dent, founder of HS Dent. “If we see another new low in the stock market, I predict we are not going to see new highs on the Dow, S&P, NASDAQ, biotech, you pick anything…you’re not going to see new highs on anything for decades,” Dent said. “You didn’t see new highs after 1929 for 24 years.” Stay tuned to part 2 of this interview on gold.

0:00 – Consumer spending
6:28 – End of economic recovery
9:15 – Stock market crash
13:05 – Triggers for the crash
17:29 – Buy stocks at low?
18:10 – What happened to Japan in the 1990s?

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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