Since my first book, way back in the 1980s, I’ve warned that we’d see an Economic Winter Season between 2008 and 2023. And since 2008, it looks like I was way off. We weren’t clearly in a depression, although we did get the worst recession since the 1930s. In fact, we seem to have grown – albeit slowly – thanks to the free money from central banks.

Yet…

When we compare the cumulative real GDP of the 11-year period from 1929 (the market top) through 1940 (the bottom of the Great Depression) to the most recent 11-year period from 2007 through 2018… the picture is very different.

It turns out that we’ve performed slightly WORSE during this Economic Winter Season than we did during the Great Depression!

We just haven’t felt it in the same way because QE efforts muted the effects!

I share all the numbers comparing the two periods, and explain what the hell has been going on, and why we are, in fact, in the Economic Winter Season, in today’s video. I also explain one key difference between the two crises in the Great Depression and the two in our modern Great Recession, with the worst crisis still ahead. In the 1930s, the worst crash and depression came first. This time that most deadly crisis comes last!

Listen now…

Harry
Follow me on Twitter @harrydentjr 

P.S. My thanks to David Stockman, who will be speaking again at our Irrational Economic Summit in Washington D.C. this year. It was he who alerted me to these numbers and the shocking revelation they make.

The Truth Exposed: The Future of the Markets & Your Wealth

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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.