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.
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.
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...
someone with the name dent predicting a crash appears to be accidental...
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.
Harry Dent is one hell of a clever and convincing writer. He can really make people feel like they have the inside track. But he has been DRAMATICALLY wrong so many more times than he has been right. And he will say stuff like “x will happen sometime in late 2019, or up to 12 to 18 months later”.
I guess you could say that he has a special Jello pen with which he writes his predictions. LOL
A broke clock is correct twice a day!
I heard the tail end of that interview. Thanks for posting.
The Fed Pump lasting longer than he expected?