Let’s talk about the difference between long-term and short-term forecasting. Both are critical to giving you an edge with your financial and business planning. But they’re entirely different beasts, and I explain why in today’s video.

Long-term forecasting is about identifying the fundamental trends that are important to the economy, and then projecting them into the future. And I’ll tell you, it’s easy to do (which I explain in the video, along with why I really do care about the longer-term cycles like the 500-year one)!

Short-term forecasting, on the other hand, isn’t about predictability (like long-term forecasting). Rather, it’s about probability, and that’s why you need an edge.

In fact, that’s one of many reasons why we have Adam O’Dell on our team. He’s probably one of the best short-term market players I’ve ever seen (to be clear, Adam isn’t a long-term forecaster).

Listen to today’s video. I elaborate and explain it all.

Harry
Follow Me on Twitter @harrydentjr

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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.