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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.
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.
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