I recorded this video at our Irrational Economic Summit this year but decided to only share it today because I wanted to see how the midterms shook out.

They shook out as I expected.

So, today’s a good day to talk to you about the acid test for any economy in the world.

Dr. Lacy Hunt is one of my favorite classically trained economists, and yet he really understands the economy, which is why we ask him to speak at our conference every year.

He understands how debt bubbles build and how they deleverage.

He’s not one of those heads-in-the-clouds, never-had-sex kind of economists! He genuinely gets it.

And he always wows the audience!

He is the creator of this acid test and it offers an incredibly disturbing insight into the economy right now. Listen to my latest video for the details…

And then look out for an email from me soon on how third world economies are faring on this acid test.

Harry
Follow me on Twitter @harrydentjr

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Harry Dent
Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.