Harry Dent, Economy & Markets Daily, Released on 5/2/16
Politicians and economists get many things wrong, but right now, the one thing that really gets up my… let’s keep this clean and just say, nose… is how clueless they are about “trickle-down economics.”
Republicans believe it. (They just don’t realize how long it takes and that it isn’t happening yet from the information revolution.)
Sorry Democrats. You’re wrong.
I showed you last week how income inequality rose to extremes in 1929 and then fell to its lowest point into 1975-1978. And how it has risen to extremes again, which is why it’s such a political hot potato right now.
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).