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Posted on 12/19/2023 7:22:03 AM PST by CFW
As the clock ticks closer to 2024, one outspoken economist is making a dire predication about the markets in the new year.
"Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we're in a dangerous state," Harry Dent told Fox News Digital. "I think 2024 is going to be the biggest single crash year we'll see in our lifetimes."
"I'm the guy that's praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks," he continued. "This should be a lesson I don't think we'll ever revisit. I don't think we'll ever see a bubble for any of our lifetimes again."
Dent, who spent the majority of his career analyzing proprietary research, credited his against-the-grain prediction to overvalued markets and excessive stimulus spending. While recent rallies have overwhelmingly provided investors with mild recession expectations, Dent remained firm that an "everything bubble" will burst next year.
(Excerpt) Read more at foxbusiness.com ...
The Fed will keep it puffed up until Trump is elected.
Biggest crash = biggest opportunity.
Has Harry Dent been right ever in his predictions?
If Trump is elected, all of the Federal governmentvwill deliberately make the general populace pay...and will vilify and advocate violence against conservatives. The feds point of view is “You should have listened in every way to how we told you to believe, think and do, and, we’re going to make you wish that you would have done so.”
That’s what they said about this year.
Just wait ... Republicans will retake the White House and the Dems will start blaming them as soon as the economy goes south. Typical.
If we do have an economic downturn, I sure hope it’s a soft landing and not a crash.
Harvey Dent is so two-faced.
To be followed by a worldwide war that will realign the power hierarchy just like WWII did.
Only then can the dollar be restored because excessive money printing will then hurt the rich as well as the poor.
Then we can peg the dollar to commodities, you know, real wealth.
I prefer gold but energy is a contender.
“Harvey Dent is so two-faced”
What you did there. I see it. LOL
Strongly disagree. Next year the markets are going to be gang busters. The Dow Jones Industrial will be above 40K by election day, Unemployment will be below 3.6%, lowest African American and Hispanic American numbers in history and inflation will be down to 2.9% by election day. Interest rates will drop substantially. Keep me Honest :)
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