Harry Dent, Jr. is the founder and senior editor at Dent Research, an economic research firm specializing in demographic trends. He dedicates himself to identifying and studying demographic, technological, and geopolitical trends. Mr. Dent's track record has 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 is the author of several books, including his latest book: Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage. Mr. Dent has also appeared on Good Morning America, PBS, CNBC, CNN, FOX, and has been featured in Barron's, Investor's Business Daily, Entrepreneur, Fortune, Success, US News and World Report, BusinessWeek, the Wall Street Journal, American Demographics, Gentlemen's Quarterly, and Omni. He is a regular guest on Fox Business's America's Nightly Scorecard. Mr. Dent received an MBA from Harvard Business School, where Mr. Dent was a Baker Scholar and was elected to the Century Club for leadership excellence.
Stimulus-addicted markets are driving riskier practices that could make the next crash, when it comes, substantially worse than the 2000 and 2007 bubbles, says Harry Dent.
The recent awareness of the West's public debt problem doesn't address the even more alarming levels of private debt, says Harry Dent.
It may not be pretty, but Harry Dent has some simple advice for those looking to protect themselves once the stimulus stops working and debt overwhelms the economy.
Harry Dent shows how economic momentum for the US peaked in late 2007 as he forecast way back in the late 1980s. Why? The massive Baby Boom passing their peak spending at age 46. Ever since we have been living off of never-ending monetary, and now since Covid, escalating fiscal stimulus. He shows why unprecedented home prices are the first to kill home sales and weigh on this "something for nothing" economic plan. Mr. Dent's worst demographic and technology cycles come together into late 2022 for the ultimate showdown of whether central banks or natural trends win this epic battle. You can probably guess where he stands already! If he's right, you better get out of most stocks and real estate sooner than later. The ultimate investment opportunity of a lifetime, as in 1932 and 1982, will follow in late 2022 or 2023.
In this talk, Harry Dent shows how the massive Baby Boom spending trends peaked in late 2007 and we have been in a naturally slowing economic environment ever since with unprecedented debt levels weighing. Hence, central banks decided to just print money nonstop to counter this trend. The problem is we now have a global financial asset bubble at $525 trillion that is near twice the debt bubble it was designed to cure. Mr. Dent forecasts this bubble will burst this year and shows that history says the first crash alone will be around 50% in 2-3 months, as occurred in 1929. That first crash could start as soon as early June. The good news is that a crash into 2022/23 will clear the economy of these financial asset bubbles, including real estate, and shed a lot of debt and zombie companies that we should have back in 2008-09. Then the Millennial generation will drive the next long-term boom from 2024 into 2036/37. Strategy: Get out of risk assets now, into long term Treasuries, not gold-and back into stocks and risk assets between late 2022 and late 2023.
Join Harry Dent, author of Zero Hour, for an in-depth discussion of why the Baby Boom generation created the greatest boom in history with its predictable life cycle of spending. Central banks created a totally artificial boom to replace that, and it is about to fail dramatically. Listen in to find out how investors and businesses can reap the opportunities in this sudden and unexpected once-in-a-lifetime event.