Posted on 02/03/2021 4:54:12 PM PST by The_Media_never_lie
Harry S. Dent Jr., the “Contrarian’s Contrarian,” who for years was predicting a cataclysmic market crash late 2017 to early 2020, isn’t gloating. But clearly his mode is I-told-you-so. Recently, he’d warned that the worrisome debt and financial assets bubble would blow in March. Then came “the perfect trigger”: coronavirus, which proved his forecast correct and threw America into “an instant depression,” he argues in an interview with ThinkAdvisor.
The U.S. is going through “detox for a crack-addicted economy,” Dent insists, citing a bubble that’s been building to an “orgasmic phase” for some time.
(Excerpt) Read more at thinkadvisor.com ...
I am posting this because I caught the end of Glenn Beck's show today, and Harry Dent was on with dire predictions.
I think Harry was a Republican operative in SC at one time.
He made two uncanny predictions in the 1980s, and he has been predicting a crash for the last couple years. I am sure one day he will be right. Maybe soon, maybe not so soon.
If you predict a crash, eventually you will be right.
If you predict a boom, eventually you will be right.
With all the guessers, some fraction will be close to the actual time of the event.
Oh well.
Like Peter Schiff. Stopped clock
It doesn’t take a genius to see that the policies
of this administration are going to crash this economy.
Right, huge bubble + more regulation and Socialist policies = crash.
We zero interest rates right now not likely but if Biden’s plan to give new hone buyers a 15k credit ones through a housing crash might be about 2 years down the road
The only thing Dent has been wrong about is underestimating impact of federal reserve helicopter money flowing into the market.
PE ratios are absurd, but the market continues rising. For awhile longer.
Uhhhh, no, the real problem is we are not detoxing - we are just feeding the addiction with ever growing amounts of imaginary money. This will increase exponentially under Biden. The cliff is fast approaching and the train ain’t slowing down.
He did make a couple of amazing predictions. I am quite sure he will be right this time. The question is when.
I can remember his making a prediction as the Dow passed 10,000 that the Dow would reach 30,000. This was during the .com bubble. I think it just topped 30,000 this year.
There are many good advisors that speak regularly on this topic.
An interesting thing Harry was saying was that bitcoin would crash, too, and that it would eventually become a world wide standard, but not until it was more widely used and not so speculative. He thought that housing would crash along with the markets.
Hell, if he gets through even a quarter of the Green New Deal he’s talking about it’s game over. The entire stability of the dollar is dependent on the fact the dollar is the acknowledged standard for world energy (ie. petroleum) transactions. This in addition to the fact he’s talking in terms of hundreds of trillions with this thing.
I’ll be 70 years old in a few months.
Since my teens, I’ve been reading dire predictions by people
who predict prolifically, and hit about once every 500
predictions.
Then they beat you over the head with that one hit, and never
mention the others again.
Ho hum...
He has predicted 75 out of the last market crash.
someone with the name dent predicting a crash appears to be accidental...
When, not if, it crashes, I wonder what happens then?
Beans and bullets will be more valuable than gold.
They ‘predicted’ results, not events or exact timing, though I’d say Buffett is on the mark. Highly recommended.
Warren Buffett and the Berkshire Hathaway Annual Shareholders Meeting 2020
Harry Dent is very useful as a general guide about when people do certain things in life. That was all covered in his first couple of books and can be applied to business and investing.
As a stock market/economy prognosticator he’s been mostly wrong for quite some time.
The Roman Empire probably lasted more than a hundred years longer than it should have....knowing the inevitable result tells you nothing about timing.
Someone’s should check if this guy is selling freeze-dried food bundles.
LOL
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