“The Dow is set to embark on a catastrophic plunge…all the way down to 6,000.”
Harry Dent recently explained: “Nations are dealing with aging populations, bubbles based on debt, and the misguided but unrelenting belief of policy makers that if they only try one more monetary policy change, they can turn the economic tide.”
But soon they will start to realize that there is no easy way out of this bubble we are in.
According to Dent, “Tax cuts won’t get companies to expand substantially any more than free money did. It largely only led to stock buybacks and mergers and acquisitions – financial engineering – not real growth.”
Considering Dent’s near-perfect track record, it seems wise not to bet against him.
He is renowned for his astounding accuracy; having pinpointed nearly every major economic crash over the past 30 years… including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the impending demise of China and the fracking industry.
In his latest video presentation, Dent further details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.
“Housing prices will start to fall by as much as 40% over several years… unemployment will surge… many state and municipal governments will be forced into default…and the federal deficit will balloon to as high as $1.5 to $2 trillion,” warns Dent.
Editor’s Note: Fair Warning: This Dire Prophecy for the Market is not for the faint of heart
And this will happen on a worldwide scale, unleashing a tidal wave of destruction across the globe. Dent emphasizes that this is not a concern to simply shrug off and pass onto future generations– he warns: “this global phenomenon has already begun.”
Hopefully most investors have taken steps to avoid some of the carnage.
For those who haven’t taken such steps, the coming days will be one heck of a wake-up call!
Dent says those who prepare and position themselves beforehand could have the opportunity to earn millions through specific “decline-related” investments year after year, over the next decade as well as maximize the next long-term “boom cycle,” which he predicts will begin between early 2020 and late 2022.
The controversial video, initially released to a private audience, has gone viral as hundreds of thousands see new evidence of a looming economic crisis, and are heeding Harry Dent’s advice. You can access his full analysis, free of charge, on his website, right here…
Editor’s Note: 50% Stock Market Crash Looming… Economist Warns “It’s Going To Get Ugly”