Ted Turner

Do you remember Ted Turner, the media mogul who founded CNN? At the turn of this century, he lost 90% of his wealth, leaving him with just $1 billion. “Boo hoo!” you might say. “He was still a billionaire.” That is true, but no matter how much wealth you have, losing that much money is  a punch to the gut.

And it’s about to happen again, to a whole lot more millionaires and billionaires. In fact, it’s already started happening. A recent survey of 2,500 millionaires revealed how their net worth fell by $2 trillion in 2018. The hardest hit were those in China and the U.K.

The big question is: Is this loss an anomaly, or are we staring at the canary in the coalmine?

I answer that question, and another, more important one – why you should even care? – in today’s video.

Watch now.

Harry Dent: Pay Attention to the Canary in the Coal Mine

Looking at a recent survey of 2,500 millionaires reveals their networth has dropped for the first time since 2011. How are their financial losses going to affect the rest of the world? Harry shares his thoughts and takes on a few questions from subscribers…

Posted by Economy and Markets on Friday, July 12, 2019

I also answer a question from a 70-year old subscriber. Ken and Carol are wondering what they should do with their house: reverse mortgage or sell?

Watch today’s video to hear what I think about that situation.

Is Your Portfolio Ready for What's Next?

Investing is no longer a set-it-and-forget-it affair. If you’re still using that outdated approach in today’s irrational markets, you’re setting yourself up for massive losses and a difficult retirement. There’s a much… Read More>>
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.