As you know, I’m on the road in Australia at the moment, handling a few speaking engagements for my readers in fans Down Under. I always love coming here and recently have tried to do it about twice each year, and it never fails to impress or reinvigorate me. So thanks, Australia, for being lovely hosts.

Of course, I still needed to make time to check in with you and talk a bit about the markets. Australia’s in bubble city too right now, and we’re seeing the indications firsthand. It’s the second most overvalued city in the world in terms of real estate, and that’s alarming. In general, real estate is going to need to get down to reality – and soon.

By the way, I’ll be skipping the rant next week, traveling back to the U.S. and then celebrating Thanksgiving. Instead, I’ve got my editors cutting some interesting interviews from this year’s Irrational Economic Summit, so stay tuned for that.

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.