Yesterday morning, I hopped on the line with Dent Senior Research Analyst Dave Okenquist to catch up on all the goings on around the world at present moment.

First on our agenda was China, who’s shown itself to be quite fragile lately, with big decisions being made in the wrong ways for the wrong reasons. The country needs a revolution, frankly, with a people-controlled government. A democracy. That’s the only way for the Chinese people to reach the sort of economic heights the country’s capable of.

If not, then it’s going to be trouble for the entire country. The Chinese government has expanded well beyond their means, and when a downturn comes, they’re going to reap what they have sowed. Trust me on that. We’ve already seen examples of this sort of top-down overbuilding in Asian countries, but at this point, it’s gone too far. The country’s far too urban to be running a government the way they are. The very pernicious Hong Kong riots are a great step in the right direction!

But we also had to talk about the markets for a bit. And frankly, I’m getting a bit annoyed with how sideways things have been. When are we going to see a breakout? In either direction!

This has been happening since January of 2018, mind you, thanks to government stimulus and the propping up of the Fed. But with each correction we’re seeing a deeper dive, with is troubling and doesn’t bode well for the future. But it’s hard to tell exactly what “the future” means right now. We’ve been in purgatory for quite some time. I still lean towards the downside resolution near term.

Harry Dent: China Needs a Revolution

Over-built, over-speculation, over-controlled. China is using all the wrong tactics when it comes to Hong Kong, says Harry Dent. Watch his latest interview with Dave Okensquist to get his take on the international state of affairs, and how economic trouble is brewing in our own country as we inch closer to the 2020 election. Sign up for Boom & Bust here:

Posted by Economy and Markets on Friday, October 25, 2019

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Harry Dent
Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it. Instead, he threw himself into the burgeoning new science of finance where identifying and studying demographic, technological, consumer and many, many other trends empowered him to forecast economic changes. Since then, he’s spoken to executives, financial advisors and investors around the world. He’s appeared on “Good Morning America,” PBS, CNBC and CNN/Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.” In his latest book, Zero Hour: Turn the Greatest Political and Financial Upheaval in Modern History to Your Advantage, Harry Dent reveals why the greatest social, economic, and political upheaval since the American Revolution is on our doorstep. Discover how its combined effects could cause stocks to crash as much as 80% beginning just weeks from now…crippling your wealth now and for the rest of your life. Harry arms you with the tools you need to financially prepare and survive as the world we know is turned upside down! Today, he uses the research he developed from years of hands-on business experience to offer readers a positive, easy-to-understand view of the economic future by heading up Dent Research, in his flagship newsletter, Boom & Bust.