Business concept of crisis and recession

This week I wanted to bring your attention to a key development. And while overlooked by many, is part of the trigger that will set off the next financial crisis.

All eyes were focused intently this week on US Treasury yields. And a lot of people might have missed what I believe will prove to be a very big event – after the dust from the next big implosion finally settles.

The Argentine stock market and currency crashed on Monday . It went down 38% and 29%, respectively, in one day. However, it was about more than a political shakeup in the South American Republic.

The Argentina situation is another potential domino to fall in the wave of protectionist regimes sweeping the globe. That’s a trend that Andy Pancholi and I correctly predicted years ago would continue apace. However, it is the tip of the iceberg of something colossal in scale that will bring about the next financial crisis.

Developed world debt triggered the Great Financial Crisis in 2008. But then in a desperate attempt to keep the global economy afloat by flooding the world with cheap dollars and euros, central bankers set up the next disaster. This time it will come from the emerging world, which has racked up astronomical levels of debt thanks in large part to these policies.

I have much more to say on this, including where the biggest financial earthquake will come from in the not-to-distant future, and why. (It’s not Argentina.)

Argentina Goes Bust

You might have missed this in the news, but Argentina’s market had a major crash this week – for one simple reason. Find out what it is from Harry as he recaps the markets’ activity, cheap money’s long lasting repercussions, & more. Sign up for Boom & Bust here: https://pro.dentresearch.com/m/1051908

Posted by Economy and Markets on Friday, August 16, 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.