Do you agree with Harry's outlook? Comment below. Subscribe to get daily updates. FOLLOW HARRY DENT: Harry Dent's website: harrydent.com/ Twitter (@HarryDentjr): twitter.com/HarryDentjr
They’re going to pay every promise with worthless credit. That won’t matter and won’t work this time bc the US is not self sufficient and is being slowly strangled by trade creditors. The US is the worlds largest debtor and the creditors with all the labor and commodity are raising their prices. The asset price bubble can keep going higher and higher but nobody will care. The Fed will buy everything and that one matter because they can’t print oil, they can’t print lithium, copper, silver, rare earths, and so forth… they can only print increasingly worthless credits but there isn’t enough US-territory/US-owned commodities to fuel the desired level of consumption in the territory. The debt default scenario Harry believes is very unlikely. Possible, but unlikely. They’ll likely pay every claim and buy every asset class and keep assets high but food and fuel will bankrupt people.
The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Strategists have been aiding folks in recording gains over 250k just in a matter of months, so I think there are alot of wealth transfer in this downtime if you have someone who knows where to look like i do.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this lady looks the part but i'd do my due diligence. I set up a call, thanks.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
'Grace Adams Cook' , is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
We all know this system is appearing to be living on a knifes edge. However, the powers that be will not let this system fail "them". They have a vested interest to keep it going. We plebes did not invent the system nor will create the next one. This is the creation of governments. Unless you print your own currency or counterfeit existing ones. that is your only construct. We are all in the river, just try and stay away from the rocks.
The problem is Harry Dent and Peter Schiff have been saying the same thing since the last crash. People would have lost a great deal of money listening to either one of them. Just pointing out the facts. The problem is they keep giving a date when it'll happen but never does.
At least Peter was right about Gold.. Harry said even gold would go down below 500 and test all time low.. lol.. Harry has been saying Cash will be the king but I knew he was wrong.. I purchased a house and it doubled.. Purchased gold, silver, Tesla, and bitcoin. My returns on those are just If I took his advice and kept my cash for the biggest crash he's been telling us for years, I'd be a lot poorer. This took about 3months ago and he's been wrong once again. I think he'll get it right eventually but my 12 yr old son can make better prediction than he can.
You are 100% accurate. It is amazing that guys who keep predicting the sky is falling are given any air time. In my opinion they have no credibility but perhaps at some point like a broken clock they will be right.
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
MICHELE KATHERINE SINGH is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM SCAM !!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!! !!!!!!!!!!!!!!! @AmithKaury - my friend/brother, please be very cautious of the advice you see on replies to this comment, you have made - most notably, @kurtKking and @victoriaabott - over the past few weeks I've noticed a lot of these conversations being posted, on comments others have made - they always give the name of a financial advisor and say, Google the name. The financial advisor seems to always be women (very unusual in itself - yes one, maybe, but several highly successful female financial advisors, making clients millions of dollars and not a single man - WOW! GIRL POWER is really kicking off, in 2024😂). They are always different women, too. Brother it's a scam. Look on they're websites, no reference to Socials (LinkedIn, Twitter, Facebook, Insta, etc.). Please brother, don't trust this. Ask your friends and/or do your due diligence about finding your own financial advisor - unless you are part of this scam too, which is very likely, as you only posted 2 days ago, on a month old vid and the scam replies are 2 days old too - SCAMMER SCAMMER SCAMMER SCAMMER SCAMMER SCAMMER
scary indeed, then, look at gold, our Dutch 10 fl gold coin was worth that, say in the year 1900, yes, 4.50 euro, now they sell for around 370 euro, back then an average wage was, say, 8 euros an hour, remember, wages where low back then, there where no unions yet, i compared it to the prices of living back then, and yes, in troubled times gold at least keeps its value,
I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $5 million in returns on invest-ments.
Melissa Maureen Ward is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Ladies and gentlemen, if you do not know: "In 2012, the "Dent Tactical Advantage ETF," symbol DENT, was de-listed having consistently under-performed the market for three years while at the same time charging an egregiously high 1.65% management fee'.
Him and all the rest of doom and gloomers live for these times and try to sell everyone their know it all magic 8 ball. No one knows when and how bad it will get, but it likely doesn’t happen when guys like this jump up and down calling the date and time.
All three indexes have recorded declines in recent weeks, adding to the market's woes during the past month. I've heard of people getting up to 750K within a few months, and I want to know their strategies, so how can one benefit from the current market with an efficient entrance and exit strategy?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Elise Marie Terry is my advisor. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
He’s never been right. I stopped paying attention to him when he predicted $700 gold. IMO Dent sells fear and that’s his only product. He’ll be right one day…. Maybe.
Maybe he was referring to Argentina? That would make him right though. The man said gold will go below 500 too...and he got that right actually cos if you refer to sovereign pounds, it is below 400. The man's a genius and a prophet.
Well honestly it *should* crash as he's saying. But that assumes the deep state won't force the government to bail out the markets until we see hyperinflation and the BRICS nations take over
Absolutely right. Why do people still listen to this clown? He’s what used to be called carpetbagger a snake oil salesman. Even just a casual look up of Harry on RUclips will reveal a prediction of crashes every year for the last five or six years and that’s just a casual look, not a deep dive. The only difference in his predictions is that the percentage crash progressively gets more and more. Presumedly, because each predictions failure is having less affect when the date passes, and nothing happens, so he has to get more grizzly to get eyeballs!? The only thing that bothers me that if he is eventually right, he’ll go, ‘See, I told you so!
@@bluecollarbullionballer4269 he lost credibility a long time ago but yet he keeps appearing on my RUclips feed.., but I guess watching a bit of entertaining financial comedy can be fun at times
@@joshlidowdie24 I was thinking the same thing. No one can predict the exact date of a crash ; we can speculate perhaps within a few months time. I believe sometime in the Autumn we'll see some disturbance in the economy.
OMG, Harry Dent has been predicting this for easily the last 10 years! Eventually a broken clock is correct. Harry has successfully predicted every Depression we've had in the last 10 years!!
Hysterically funny post. Love the sarcasm. Basically Dent sells books and Lin wants clicks. Again I Dont doubt everything he’s saying but man give it a rest already, 26 years of permanent none sense with Elliot wave garbage
@@network1984 ,,,,,,,,,,,, I get that but there are red lines like integrity ,,,,,,,,,,,,,,,,bad crimminal energies ,,,,,,,,,,,,,,,,,,,,,,,, bad spiritual stuff ,,,,
@@Mr_Hundredairehe’s an economist, and he’s right fundamentally. But he can’t predict the monetary intervention. CBs can’t put it off forever but the breaking point could be tomorrow, next year, or a decade from now…
I agree that there could be a sell off, but this kind of prediction really shouldn't be out there. I'm thinking maybe a 30 to 50 percent crash, but 92%? C'mon now Harry!
@Teds World He just shouldn't be doing this. I mean, yeah I think it's going to come down. 50% is in the cards. But 92%?? That's just an outrageous call. C'mon man
@@ArkOmen1 that kind of drop would be end times in this country. Pension plans wiped out, bank runs, riots in the streets….and he thinks that’s something that has to happen for a next boom? He doesn’t elaborate how a successful recovery looks like from that.
Even a broken clock is right twice a day. Most of his fundamentals are correct, but they always exclude market intervention which is fundamental--the rich will always bail themselves out. However, I think we can all agree, we've run down the clock and we're due for a major correction.
Yes. You got it!!! I agree with you '100 Percent'!!! That is where we are 'Right Now'. I've been listening to 'Harry Dent' on the radio, and, reading his stories for 'More than 30 years, now. And, I can tell you that he is 'A very intelligent man' who seems always "Technically right", but, gets "The worst parts of his predictions wrong". And, thank Goodness for that!!! P.S. We've had "Some serious market crashes" since 1982. So, Harry's been around 40 to 48 percent correct on his dire predictions. That's not so bad for Harry Dent.
Also, Harry is 'Brilliant' at 'Promoting his theories, predictions, and multiple books' over the last 30 to 40 years, or, so!!! I believe that Harry Dent has gone on to sell '10's of millions of his books in multiple languages' throughout the world!!! He is a "Massive success at selling his books!!!" Therefore, I definitely admire him, and, respect him. He could teach 'A lot of young would-be financial writers' how to become 'Successful in the genre!!!' Well, good morning from Toronto, Ontario, Canada. 😀😃😃
The dye was set on August 15th, 1971, when Nixon took the USA off the Gold standard. Each crisis gets bigger and bigger, and each solution kicks the problem down the road. We have now run out of road. No doubt we will pay the piper; the question is when? Tomorrow, next year, or the year after? I have been preparing since 2008. Better to be 15 years early than a second late! Ps. Gold has gone up 235% since 2008, and I have slept like a baby, night after night!
It's playing out like the great Depression. I sold all my stocks November 2021 and sold my crypto on the 14th of November missing the top by 5 days as it seemed quite obvious what was about to happen. If it keeps playing out perfectly like I've been watching the bottom for Bitcoin is going to be 7500- 9000 in May of next year. Regardless I'm going to ladder in after the September dump of this year
I'll argue that the crash will hurt the forgotten generation (X) the hardest. Right now they're in their mid 40's to late 50's. They'll probably never see social security to go along with their 401k's getting wiped out in the crash. Gen X'ers will have to continue to work (if they're lucky) until they die.
retirements,pensions will be the greatest losses in world history but soc sec will always be paid,no reason not to--print it--goooooovermint bond losses will be no less than 40 trillion bucks,worthless-100$ for loaf of bread-how far down the mad max road we go is unknown.or if the next war goes nukes...
Harry “the Sky is falling” Dent I agree there will be a crash sometime, but I don’t call it. Harry is hard to take seriously because he always puts a timeline and he always revises it when it doesn’t happen
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the great depression, but some went into business. Bottom line, there's always depression for some, and profits for others. it all starts with having the right mindset. That said, I've set aside $265k for future, unfortunately I'm a complete noob.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
Very true! Due to my financial advisor's discovery of defensive tactics that make portfolios less susceptible to market downturns, I was able to increase my investment from $430K to over a million dollars throughout this bear market.
@@lawerencemiller9720 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
An experienced coach, such as Helene Claire Johnson, can provide valuable guidance in navigating volatile markets. Information about her can be easily found online.
This guy is such a joker. He has been saying the big crash is going to happen next week every week for at least 5 years. Why does anyone give him airtime? Even when he is right someday it won't matter. Please everyone ignore this joker Dent.
I just think, if you have a valuable skill, you will never need to worry about what happens with currencies or markets or even demographics. The problem is, you can make those crashes worse for people leeching off your work - whether that be public servants, banks, investment houses or the large welfare segment. So it's really a no brainer for me, you either pick up a skill, intellectual or concrete, preferably one that addresses basic needs or you try to get into the passive income / coercive power game, which is the central banking game. I put Dent in the latter category.
Govt in Canada is bringing in 500k to 1 million migrants a year to ensure wages are suppressed and to keep real estate pyramid scheme going. It's a disaster for productive workers in the private sector other than construction, Insurance agents, lawyers..etc who benefit from this. That being said, definitely withdraw your power from the system, as the system intends to steal it from you anyway.
has to at least go all the way back to 1981 when the macro bubble began when the criminal Reagan(actor) began trickle down economics which now has been renamed mmt to rob from those at the bottom
How many workers have fallen off of the unemployment compensation list? How many workers are now not even trying to find a job, because they have given up? Answer those two questions, and the unemployment rate is NOT 3%!
Really good call, if you really know with extreme accuracy, which way the markets will move why do you want to tell anybody? Why wouldn’t you just make all the money with your own investment?
For years, I've been laughing at Harry Dent because he said gold would go down to $400 or $700 or something ridiculous like that, which it hasn't and won't. But I actually have to agree with him for once about the crash in stocks coming. He may or may not be right about the timing (in June), but this over printing of fiat currency has to bust this stock market eventually. And this high interest rate we keep raising isn't helping either. I only wish we could be more accurate on the timing because others have been predicting this crash for a very long time also.
@@FelixCepedaChannel curious how old are you? Seem as u dont know what a real crash is butwhen it happens try 2 stay cool ..u wont miss it 4 sure.. a friendly heads up when really SHTF ...strong propability to firget running out to your fav Drive Through , bank crash no card payments credit debithada no TAAAP scary for millenials tap lol..and all systems are tanks to corporate comtroll lack of education etc, everything centralozed through POS network system amd without that if banks aresnt communicating with system and hopefully interneet not blackout they cant do amything anymore when thetouchscreen dont work.. and u womt be the only 1 in the drivethrough might get scary when average N American was Trained to just dial their every meal and i seen scsry fridges recently sith pickles,ketchup mustard sugary ppops ,take outleft overe, and many dressings and dips .. some ppl wont habe stuff to eat or make aftr 2 days ...now thats scary.. panicked hungry ppl that thinks they knowit all and know what true bad times are hut never lived in itjust some history books innclass we could care less about in school thattime ,and watching pearl harbour on big screen with surround sound ,those ppl gonna be dangerous some minds possibly have full mental breakdown to absolute insanity..
Predicts S&P loses 85%. 11 months later its at new all time highs. Bitcoin to revisit $3000. 11 months later its at new all time highs, 😂 Likes to point out what other people miss 🤔
You don't wait for opportunity to come, Go get it yourself Binary options has created an opportunity for you to be financially stable. Invest with Mr Thomas Kostas and start making money for yourself.... it's a tough period, people being stuck at home, others losing their jobs and cash is highly needed to be used
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You don't have to lose your money in trading bitcoin and binary options, all you need is a reputable professional who can help you trade and manage your account Mr Thomas is that man
In Australia in the early 90 our interest rates were up to 19% because of inflation. Our treasurer Paul Keating famously said " This is the recession we had to have. " He was right.
@@1philliph True. We were not really affected by the tech reck in 2000 and the GFC didn't really affect us in 2008 . Australia does have the biggest property bubble probably in the world.
@@71oliver1 can’t compare Australia to the US. Enough families can afford to buy all available properties at 1m - 2m even at 8%. supply over demand. Unless they start digging in every patch of land in Australia. Goodluck with that “property bubble” bursting
How can he say gold won’t play a part in the new economy when 1) he used to push it so hard in past years and 2) central banks and governments around the world have been buying it in huge quantities year after year
I bought Dent’s roaring 2000s book back in 1999. Lost tons of money following his advise from the book and investor newsletter. The only one who made money was him, from his books and fees. He is a great salesman and presents his case with passion and conviction but he’s wrong most of the time !
Bruh, the economy has been collapsing since 1776! So relax, nothing new under the sun, we will be alright! This guy has zero idea of how things work! There are 11 sectors to the economy! There's no way every single sector goes down at once!
Not sure about stock market crash, but real estate would be scooped up instantly by too many institutions and individuals waiting on side lines if prices were to drop by 50%. That would raise the prices right back up. Wrong on real estate Mr Harry.
So Powell says 'all is fine and under control' and we have Dent saying '92% down'. So the truth is half way inbetween these two, -46%. Either way we are due for a correction / reset, it is just normal cycle of 'boom and bust'. Maybe we could have a bit more emotion next time, haha
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
Because they are used to bull markets, most people find it difficult to handle a decline, but if you know where to search and how to get around, you can make a sizable profit. It depends on how you plan to enter and leave.
Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
It was run by JILL MARIE CARROLL, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
that demand is dried up due to saturation of credit....the lag of interest rates hikes has yet to be felt and the bankruptcies will hit hard.....auto loans at extreme prices.....houses at extreme prices...commercial real estate that will not be rolled over....it will all fall...everything takes a buyer and a seller and when there are no qualified buyers---look out
Writing in Oct. 2023. Harry Dent has been talking the same stuff for 8 years that i know of. Still wrong. Not saying in can't happen, but do not listen to him. You will cause yourself financial and maybe psycologic harm if you do.
I've been positioning myself for many months for a huge market downturn. The fact that almost every guest David has had on in the last several weeks is so bearish is starting to make me worry its not going to happen.
If only for market technical reasons (too many shorts, covering), it could take some time before a new down leg or a crash happen - unless the debt ceiling isn't raised that is.
The signs are there.... smart money pouring in to Gold. The more Company's that report earnings the more we get a clearer picture. Let alone the looming risk of the debt bubble waiting to take out another Bank. Great Interview David 👍
Gold is a pet rock. It does not contribute to the economy when used as a store, nor does it pay income. At least with stocks and bonds we can help improve the economy and make income at the same time. Bitcoin is even worse because its not even physical. I do have gold and silver, but I prefer stocks, bonds and income.
@@jameskeefe1761 I hear you and agree.👍 The Market is a seesaw I like to be ahead or with the moneyflow. At the moment its going to the "PetRock" 😉. So here I am. When the time is righ my money will flow with the smart money back to stocks.
I just got onto this episode to tell David Lin that I will never be watching his show again. Harry Dent is always wrong, and anybody who puts him on a show doesn't deserve to be watched.
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The man is losing it >__< Wouldn’t surprise me if we find him having a stroke one day
Harry Dingbat
The S&P will at the very least retest the October lows. I’m thinking it will bottom around 3200-3300.
He’s not having a stroke, he’s pissed off. As we all will be when we finally see what the FED caused. F’ed Now
They’re going to pay every promise with worthless credit. That won’t matter and won’t work this time bc the US is not self sufficient and is being slowly strangled by trade creditors. The US is the worlds largest debtor and the creditors with all the labor and commodity are raising their prices. The asset price bubble can keep going higher and higher but nobody will care. The Fed will buy everything and that one matter because they can’t print oil, they can’t print lithium, copper, silver, rare earths, and so forth… they can only print increasingly worthless credits but there isn’t enough US-territory/US-owned commodities to fuel the desired level of consumption in the territory. The debt default scenario Harry believes is very unlikely. Possible, but unlikely. They’ll likely pay every claim and buy every asset class and keep assets high but food and fuel will bankrupt people.
The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Strategists have been aiding folks in recording gains over 250k just in a matter of months, so I think there are alot of wealth transfer in this downtime if you have someone who knows where to look like i do.
Hello, how did you handle it? I believe I require a pro after reading these comments
Rebecca Noblett Roberts is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this lady looks the part but i'd do my due diligence. I set up a call, thanks.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
You seem to know the market better than we do, so that makes great sense. Who is the guide?
'Grace Adams Cook' , is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Credits goes to "Sonya Lee Mitchell" one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Been following Dent for 20 years, don't recall him ever being right about anything...
LOL
Couldn’t of said it better myself
Sad, but true. The sky is not falling.
He just running his mouth lol.
he's right
but only about lying
Who else clicked in here 10 months later just to see the comments xD
Me!
We all know this system is appearing to be living on a knifes edge. However, the powers that be will not let this system fail "them". They have a vested interest to keep it going. We plebes did not invent the system nor will create the next one. This is the creation of governments. Unless you print your own currency or counterfeit existing ones. that is your only construct. We are all in the river, just try and stay away from the rocks.
11 months here. You can find 10 year videos of Harry Dent calling for market crash.
Eventually he’s going to be right… but like a broken clock
@@cl5619 34 trillion china thinks their getitng paid back lol
@@cl5619 and he's going to say I told you so. lol
This aged well...
Harry Dent's millionth WRONG prediction
What a clown
I'm surprised David Lin agreed to have him on...
Seems to me it didn't age well at all...
Hary Dent loves Demographic's. So do i. It's not exakt to a year so only intresting for Investors with a time horizon longer than a weekend.
😂😂😂Today he was right..
The problem is Harry Dent and Peter Schiff have been saying the same thing since the last crash. People would have lost a great deal of money listening to either one of them. Just pointing out the facts. The problem is they keep giving a date when it'll happen but never does.
At least Peter was right about Gold.. Harry said even gold would go down below 500 and test all time low.. lol.. Harry has been saying Cash will be the king but I knew he was wrong.. I purchased a house and it doubled.. Purchased gold, silver, Tesla, and bitcoin. My returns on those are just If I took his advice and kept my cash for the biggest crash he's been telling us for years, I'd be a lot poorer. This took about 3months ago and he's been wrong once again. I think he'll get it right eventually but my 12 yr old son can make better prediction than he can.
You are 100% accurate. It is amazing that guys who keep predicting the sky is falling are given any air time. In my opinion they have no credibility but perhaps at some point like a broken clock they will be right.
… analogue watch is correct 2x/day … and wrong all the rest of the time
I learned a long time ago... the bear market is always coming.
Harry's predicted 30 of the last 2 recessions.
😂😂😂
You stole that joke from like 100 other people that have commented the same thing
Maybe I was one of the other 100 people that said the same thing. It bears repeating.
He may eventually be right this time
Lol 😂
I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
MICHELE KATHERINE SINGH is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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@AmithKaury - my friend/brother, please be very cautious of the advice you see on replies to this comment, you have made - most notably, @kurtKking and @victoriaabott - over the past few weeks I've noticed a lot of these conversations being posted, on comments others have made - they always give the name of a financial advisor and say, Google the name. The financial advisor seems to always be women (very unusual in itself - yes one, maybe, but several highly successful female financial advisors, making clients millions of dollars and not a single man - WOW! GIRL POWER is really kicking off, in 2024😂). They are always different women, too. Brother it's a scam. Look on they're websites, no reference to Socials (LinkedIn, Twitter, Facebook, Insta, etc.). Please brother, don't trust this. Ask your friends and/or do your due diligence about finding your own financial advisor - unless you are part of this scam too, which is very likely, as you only posted 2 days ago, on a month old vid and the scam replies are 2 days old too -
SCAMMER SCAMMER SCAMMER SCAMMER SCAMMER SCAMMER
Even if The market doesn’t crash I think we can all agree that the money is becoming worthless and inflation is out of control
scary indeed, then, look at gold, our Dutch 10 fl gold coin was worth that, say in the year 1900, yes, 4.50 euro, now they sell for around 370 euro, back then an average wage was, say, 8 euros an hour, remember, wages where low back then, there where no unions yet, i compared it to the prices of living back then, and yes, in troubled times gold at least keeps its value,
What he's sayin g will occur, but no one knows when. It could be in ten years.
@@mlangbert Or 10,000 years. By the end of that millenium, even a drop of 95% would mean its still higher than today's value.
inflation down to 3.3% lowest of all western countries
Lived during the 70s. This is nothing
I recommend diversifying your investments by considering stocks alongside real estate. During a recession, there are potential buying opportunities in the stock market if approached cautiously. Additionally, market volatility can offer short-term buying and selling opportunities. However, please note that this is not financial advice. It's important to be proactive in investing as cash may not be the most advantageous option during these times.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $5 million in returns on invest-ments.
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch if you don't mind
Melissa Maureen Ward is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
We'll have a crash in 40 years and he'll say "see, i told you!".
Ladies and gentlemen, if you do not know: "In 2012, the "Dent Tactical Advantage ETF," symbol DENT, was de-listed having consistently under-performed the market for three years while at the same time charging an egregiously high 1.65% management fee'.
Thx, good to know. Something about this guy screams snake-oil salesman.
Him and all the rest of doom and gloomers live for these times and try to sell everyone their know it all magic 8 ball. No one knows when and how bad it will get, but it likely doesn’t happen when guys like this jump up and down calling the date and time.
DENT and SJIM. One and the same 😂😂
He's a typical scare tactic salesman. He's only after your money
This is freaking hilarious 😂
I'd love to see him back in the show if he'll ever show up after the june 😂
I doubt he has the balls to show up. Its already August and I don't see 92% drop yet.
@@ahndeuxhe is frustrated that his put buying theta decaying😂
He talked about 2024 downturn. Not 2023. we‘ll see whether he is correct
He said 21 22 23. He's trying to TIME the crash. Dumb way to play just know it's coming.
6 months later this guy looks like a clown. I wonder if he will come back on to defend this garbage
All three indexes have recorded declines in recent weeks, adding to the market's woes during the past month. I've heard of people getting up to 750K within a few months, and I want to know their strategies, so how can one benefit from the current market with an efficient entrance and exit strategy?
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@ThomasHeintz wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
You can do your research and be on the lookout for one with intelligent strategies who'll help your portfolio maintain an unwavering and a progressive growth. Elise Marie Terry is my advisor. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself
sell everything and move to Africa
He’s emotionally triggered and being saying this crap forever
@@Arteshir😂 you stole my thoughts
This didn’t age well is something you can always say about a Past Harry Dent video.
😂
😂😂😂
When i purchased a book for my kids titled “The boy who cried wolf” i opened page 1 and there was a picture of Harry Dent
😂😂😂😂😂
Hahahaha 😂
I don’t know if markets will drop 92% but when Harry gets to hollering I drop the TV volume 92%
LOL
😂
He’s never been right. I stopped paying attention to him when he predicted $700 gold. IMO Dent sells fear and that’s his only product. He’ll be right one day…. Maybe.
Great idea!!
Didn’t he say the markets would crash by over 50% by now? He doesn’t seem to ever get it right.
NDX waaaay up since then as well lol
He is always early.
It’s funny how completely wrong he is, markets are nearly up 50% from the 22 lows. He’s wrong by a magnitude nearly 100%
Maybe he was referring to Argentina? That would make him right though. The man said gold will go below 500 too...and he got that right actually cos if you refer to sovereign pounds, it is below 400. The man's a genius and a prophet.
Watching Harry since 2019, predicting a crash each and every year since.
Take a drink every time Harry says bubble... you'll faceplant on the floor by the end of this video.
The solution is “Bullion?” -Mr. Jim Lahey
Currently doing this, except with my hot tea
Harry Dent in 2028:
"market to crash by 300%"
Lololol....love it! Well said.
Well honestly it *should* crash as he's saying. But that assumes the deep state won't force the government to bail out the markets until we see hyperinflation and the BRICS nations take over
@@gchekibed2099
"the prices will go negative!!!"
LOL
Well he’s partially right. The dollar is worth 50% of what it was worth in 2008.
LMAO! What a total clown.
This podcast has not aged well
Harry has said the crash is coming, the crash is coming for twenty years. Unfortunately, he may be right this time.
if it does crash even 50% riots will ensue and the markets will crash even further....total unrest through out the world will occur.
A broken clock...
😂😂😂😂😂
Absolutely right. Why do people still listen to this clown? He’s what used to be called carpetbagger a snake oil salesman. Even just a casual look up of Harry on RUclips will reveal a prediction of crashes every year for the last five or six years and that’s just a casual look, not a deep dive. The only difference in his predictions is that the percentage crash progressively gets more and more. Presumedly, because each predictions failure is having less affect when the date passes, and nothing happens, so he has to get more grizzly to get eyeballs!? The only thing that bothers me that if he is eventually right, he’ll go, ‘See, I told you so!
Yes, He and Peter Schiff have made a lot of money fearmongering to the unwashed masses.
"How to be poor and stay poor" by Harry Dent.
Then move to Puerto Rico to feel rich.
Well he is getting rich selling B.S. He just makes his followers poorer thats the sad part.
@@bluecollarbullionballer4269 he lost credibility a long time ago but yet he keeps appearing on my RUclips feed.., but I guess watching a bit of entertaining financial comedy can be fun at times
His new book title: "Waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaah.."
@@ahndeuxwasn't that written by prince Harry?
Well this didn't age well in May 2024. Don't bother having him back on. Better to hire a fortune teller.
Harry just made me extremely bullish. Buying calls first thing Monday. Thanks guys
Heard dat
0DTE
Dent and Kawasaki should be a tag team, both ALWAYS yelling "the sky is falling!" Their message never changes.
Kawasaki? The motorcycle brand😂
You mean Kiyosaki?
Kiosera-Kawasaki is an arrogant little chimp.
@@michaelmazzullo6104Does it really matter? I call him Kyosera , or Kawasaki too. It's to show disrespect.
This has not aged well so far…
So if crash is only 20% will he quit his job or will say we need to wait a few more years?
I’m old enough to remember when Harry S Dent was predicting the Dow would hit 36,000 by 2008. I guess caution and humility don’t sell books.
The moral of the story, just live life as it comes and stop planning for the unknowable future. Simplicity is the key
Harry Dent is like the little boy who called wolf for so long - and now the wolf is at the door
Harry the wolf looking for little red riding hood.
No one can pinpoint exactly when it will happen, but it's time now.🌋🌋🌋🌋🌋
😂😂😂
@@joshlidowdie24
I was thinking the same thing.
No one can predict the exact date of a crash ; we can speculate perhaps within a few months time.
I believe sometime in the Autumn we'll see some disturbance in the economy.
@@paulozimek276 It will be a bloodbath. It will be a literal bloodbath if it finally collapses all the way.🙏
🌋🌋👹👹👺
OMG, Harry Dent has been predicting this for easily the last 10 years! Eventually a broken clock is correct. Harry has successfully predicted every Depression we've had in the last 10 years!!
We are in july of 2024....this did not age well 😂
Harry Dent. Proof that Lin will interview almost anybody.
Hysterically funny post. Love the sarcasm. Basically Dent sells books and Lin wants clicks. Again I Dont doubt everything he’s saying but man give it a rest already, 26 years of permanent none sense with Elliot wave garbage
What a Clown show !!
Good lord, he’s finally gone insane ,,,,,,,,,,,,,,,,,,, David Lin has gone over to the dark side
Integrity ????
To make informed decisions you need to listen to many points of view.
@@network1984 ,,,,,,,,,,,, I get that but there are red lines like integrity ,,,,,,,,,,,,,,,,bad crimminal energies ,,,,,,,,,,,,,,,,,,,,,,,, bad spiritual stuff ,,,,
@@network1984 Harry Dent - The Biggest Joke In Financial Media
ruclips.net/video/lFU1NWuvPoM/видео.html
Love David's question about "when are we going to see you be bullish?" Had to LOL at that one as Harry is a permabear
David said, "Harry wasn't always bearish, he was bullish in the 80's"😂
@@Mr_Hundredairehe’s an economist, and he’s right fundamentally. But he can’t predict the monetary intervention. CBs can’t put it off forever but the breaking point could be tomorrow, next year, or a decade from now…
Harry was wrong again although I do believe this bubble will eventually pop.
The Stephen King of the stock market 😂
Thats a good one.
"I guess when you turn off the main road, you have to be prepared to see some funny houses." -Stephen King
I agree that there could be a sell off, but this kind of prediction really shouldn't be out there. I'm thinking maybe a 30 to 50 percent crash, but 92%? C'mon now Harry!
I think he’s trying to sell this doom and gloom to get more subscribers.
Last time the banks were bust.
This time the central banks are bust.
92% Crash? NEVER going to happen, man, get real. There is so much I want to say to refute this idiot's FUD but why bother?
@Teds World He just shouldn't be doing this. I mean, yeah I think it's going to come down. 50% is in the cards. But 92%?? That's just an outrageous call. C'mon man
@@ArkOmen1 that kind of drop would be end times in this country. Pension plans wiped out, bank runs, riots in the streets….and he thinks that’s something that has to happen for a next boom? He doesn’t elaborate how a successful recovery looks like from that.
Harry Dent is so great to listen to, a super mind...
Dent has been predicting a crash since 2012. The biggest decline in the s&p since 2010 was 20%
Even a broken clock is right twice a day. Most of his fundamentals are correct, but they always exclude market intervention which is fundamental--the rich will always bail themselves out. However, I think we can all agree, we've run down the clock and we're due for a major correction.
You are right bastard bankers will always bail themselves out.
Yes. You got it!!! I agree with you '100 Percent'!!! That is where we are 'Right Now'. I've been listening to 'Harry Dent' on the radio, and, reading his stories for 'More than 30 years, now. And, I can tell you that he is 'A very intelligent man' who seems always "Technically right", but, gets "The worst parts of his predictions wrong". And, thank Goodness for that!!! P.S. We've had "Some serious market crashes" since 1982. So, Harry's been around 40 to 48 percent correct on his dire predictions. That's not so bad for Harry Dent.
Also, Harry is 'Brilliant' at 'Promoting his theories, predictions, and multiple books' over the last 30 to 40 years, or, so!!! I believe that Harry Dent has gone on to sell '10's of millions of his books in multiple languages' throughout the world!!! He is a "Massive success at selling his books!!!" Therefore, I definitely admire him, and, respect him. He could teach 'A lot of young would-be financial writers' how to become 'Successful in the genre!!!' Well, good morning from Toronto, Ontario, Canada. 😀😃😃
Funny he has been saying this for years . Since June look where we are. Never been right ever
The guy is unhinged. Dent's thesis " Trust me bro, or I'll wave my hands and shout at you"
Oh this episode is gonna be the cherry on top of my week 😂
I said before, I'm sure this is David's little Easter joke - but too many took it seriously 😂😂
Harry promised multiple times to leave the business, and has broken all such promises over years now.
The dye was set on August 15th, 1971, when Nixon took the USA off the Gold standard. Each crisis gets bigger and bigger, and each solution kicks the problem down the road. We have now run out of road. No doubt we will pay the piper; the question is when? Tomorrow, next year, or the year after? I have been preparing since 2008. Better to be 15 years early than a second late!
Ps. Gold has gone up 235% since 2008, and I have slept like a baby, night after night!
Well said!
I believe they'll be some sort of disturbance in the economy sometime in the Autumn.
@@paulozimek276 maybe, maybe not! Whoever is prepared fears not! An ounce of preparation is worth a pound of cure.
This video aged well hahahah hello from 2024 😂
It's playing out like the great Depression. I sold all my stocks November 2021 and sold my crypto on the 14th of November missing the top by 5 days as it seemed quite obvious what was about to happen.
If it keeps playing out perfectly like I've been watching the bottom for Bitcoin is going to be 7500- 9000 in May of next year. Regardless I'm going to ladder in after the September dump of this year
I'll argue that the crash will hurt the forgotten generation (X) the hardest. Right now they're in their mid 40's to late 50's. They'll probably never see social security to go along with their 401k's getting wiped out in the crash. Gen X'ers will have to continue to work (if they're lucky) until they die.
retirements,pensions will be the greatest losses in world history but soc sec will always be paid,no reason not to--print it--goooooovermint bond losses will be no less than 40 trillion bucks,worthless-100$ for loaf of bread-how far down the mad max road we go is unknown.or if the next war goes nukes...
Dent says central banks would have to print 70 trillion to bail out the markets. He thinks they can't
He's wrong
Harry “the Sky is falling” Dent
I agree there will be a crash sometime, but I don’t call it. Harry is hard to take seriously because he always puts a timeline and he always revises it when it doesn’t happen
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the great depression, but some went into business. Bottom line, there's always depression for some, and profits for others. it all starts with having the right mindset. That said, I've set aside $265k for future, unfortunately I'm a complete noob.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
Very true! Due to my financial advisor's discovery of defensive tactics that make portfolios less susceptible to market downturns, I was able to increase my investment from $430K to over a million dollars throughout this bear market.
@@lawerencemiller9720 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.
An experienced coach, such as Helene Claire Johnson, can provide valuable guidance in navigating volatile markets. Information about her can be easily found online.
I was able to reach her web page on google and email her. I'm hoping she will respond to me shortly.
This guy is such a joker. He has been saying the big crash is going to happen next week every week for at least 5 years. Why does anyone give him airtime? Even when he is right someday it won't matter. Please everyone ignore this joker Dent.
This didn’t age well, like his jacket.
I just think, if you have a valuable skill, you will never need to worry about what happens with currencies or markets or even demographics. The problem is, you can make those crashes worse for people leeching off your work - whether that be public servants, banks, investment houses or the large welfare segment. So it's really a no brainer for me, you either pick up a skill, intellectual or concrete, preferably one that addresses basic needs or you try to get into the passive income / coercive power game, which is the central banking game. I put Dent in the latter category.
Govt in Canada is bringing in 500k to 1 million migrants a year to ensure wages are suppressed and to keep real estate pyramid scheme going.
It's a disaster for productive workers in the private sector other than construction, Insurance agents, lawyers..etc who benefit from this.
That being said, definitely withdraw your power from the system, as the system intends to steal it from you anyway.
Well, he was wrong yet again. Mid June has come and gone with no crash.
Hard to argue with him when the fed can’t print their way out of this one.
has to at least go all the way back to 1981 when the macro bubble began when the criminal Reagan(actor) began trickle down economics which now has been renamed mmt to rob from those at the bottom
That’s the problem. Printing is the fed’s only tool at this point.
why not? it is clear fed can and is printing through this one again
@@jjwatt5126 Feel like in the Fed's view they dont give a Flipping duck whether to stop printing or not Lol
I can argue with him, he has been pushing the same defeatist crap for decades. I'm going to side with America.
How many workers have fallen off of the unemployment compensation list? How many workers are now not even trying to find a job, because they have given up? Answer those two questions, and the unemployment rate is NOT 3%!
Really good call, if you really know with extreme accuracy, which way the markets will move why do you want to tell anybody? Why wouldn’t you just make all the money with your own investment?
still waiting Harry, still waiting.... maybe its time to get your taxi license
For years, I've been laughing at Harry Dent because he said gold would go down to $400 or $700 or something ridiculous like that, which it hasn't and won't. But I actually have to agree with him for once about the crash in stocks coming. He may or may not be right about the timing (in June), but this over printing of fiat currency has to bust this stock market eventually. And this high interest rate we keep raising isn't helping either. I only wish we could be more accurate on the timing because others have been predicting this crash for a very long time also.
He's NEVER right about the timing...
stopped clocks, and all
a crash already happened dummy 2022! but we can bet on it if you have balls
Interest rates are only high compared to the last 15 years. They are still negative rates , too low
@@FelixCepedaChannel curious how old are you? Seem as u dont know what a real crash is butwhen it happens try 2 stay cool ..u wont miss it 4 sure.. a friendly heads up when really SHTF ...strong propability to firget running out to your fav Drive Through , bank crash no card payments credit debithada no TAAAP scary for millenials tap lol..and all systems are tanks to corporate comtroll lack of education etc, everything centralozed through POS network system amd without that if banks aresnt communicating with system and hopefully interneet not blackout they cant do amything anymore when thetouchscreen dont work.. and u womt be the only 1 in the drivethrough might get scary when average N American was Trained to just dial their every meal and i seen scsry fridges recently sith pickles,ketchup mustard sugary ppops ,take outleft overe, and many dressings and dips .. some ppl wont habe stuff to eat or make aftr 2 days ...now thats scary.. panicked hungry ppl that thinks they knowit all and know what true bad times are hut never lived in itjust some history books innclass we could care less about in school thattime ,and watching pearl harbour on big screen with surround sound ,those ppl gonna be dangerous some minds possibly have full mental breakdown to absolute insanity..
@@bettycooper369 And what was the debt to income ratio back then. About 15:1 now its 50 to 60:1.
Predicts S&P loses 85%.
11 months later its at new all time highs.
Bitcoin to revisit $3000. 11 months later its at new all time highs, 😂
Likes to point out what other people miss 🤔
He said BTC is going to fall from 69000 to 3000 or 4000$. Ten months later BTC is in 70000$. Come on!!
🤣🤣
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He is 100% correct.Everybody we will be put to final test.
He is smart. He is predicting s&p crash, many companies in S&P are zombies, so it all makes sense.
S&P companies are not zombies
In Australia in the early 90 our interest rates were up to 19% because of inflation. Our treasurer Paul Keating famously said " This is the recession we had to have. "
He was right.
Yes
However, Aussie don't really know what a recession depression is.
@@1philliph True. We were not really affected by the tech reck in 2000 and the GFC didn't really affect us in 2008 . Australia does have the biggest property bubble probably in the world.
And now interest are going from fixed to variable. Blue chip suburbs are copping it in Melbourne. Balwyn, Hawthorn, Malvern.
@@71oliver1 can’t compare Australia to the US. Enough families can afford to buy all available properties at 1m - 2m even at 8%. supply over demand. Unless they start digging in every patch of land in Australia. Goodluck with that “property bubble” bursting
Harry been calling for BIGGEST crash for the last 30 years.
When Harry says it’s time to buy is exactly when I’m going short.
True, but we look pretty toppy right now.
As always Dent cleared all my doubts. The market and cryptos will keep going up for the next three months. Thanks Mr Dent 🙏
Spot on
How can he say gold won’t play a part in the new economy when 1) he used to push it so hard in past years and 2) central banks and governments around the world have been buying it in huge quantities year after year
Gold will be great,china still buying tons of it while banks crash gold will rally
In an Internet powered world, it's irrelevant!
@@JohanZahri then explain banks and countries purchasing hand over fist 🤷♂️
This guy has no credibility. Been wrong over and over. Disappointing, David.
@sauerkraut So do broken clocks.
The stock market will reach astronomical new highs in 2024.
I bought Dent’s roaring 2000s book back in 1999. Lost tons of money following his advise from the book and investor newsletter. The only one who made money was him, from his books and fees. He is a great salesman and presents his case with passion and conviction but he’s wrong most of the time !
What was the advice that lost you money?
Harry Dent on FIRE ! 100%
Bruh, the economy has been collapsing since 1776! So relax, nothing new under the sun, we will be alright! This guy has zero idea of how things work! There are 11 sectors to the economy! There's no way every single sector goes down at once!
Not sure about stock market crash, but real estate would be scooped up instantly by too many institutions and individuals waiting on side lines if prices were to drop by 50%. That would raise the prices right back up. Wrong on real estate Mr Harry.
Absolutely. Even a 30% drop would do that
I do subscribe to the notion that a crash is coming .. but 90%! Not at all.
His timing is not perfect but nobody has perfect timing all the time. But overall I think he's right
This guy has great points. Plus 100 % right about not being a free market for sure
This interview was 10 months ago. Not only did the crash not happen in June, the market has gone higher. Why?
because Harry is always wrong lol
Oopsies. Market as been on a bull run since the beginning of the year. Either way I still think it’s coming.
We are still waiting for Harry to start his limousine driving job on the Gold Coast....Come on down Harry!
Dent has predicted 205 of the last 2 recessions. At some point a broken clock will be right.
He’s calling for apocalypse not recession, he’s not been right yet and never will unless he goes to Venezuela 30 years ago 😂
Harry Dent has never been right on anything. $100 bucks says he can't even predict his own birthday
So Powell says 'all is fine and under control' and we have Dent saying '92% down'. So the truth is half way inbetween these two, -46%. Either way we are due for a correction / reset, it is just normal cycle of 'boom and bust'.
Maybe we could have a bit more emotion next time, haha
In spite of how everyone is frightened and calling the crash, there is already an excessive amount of demand waiting to absorb it, which is another reason it's less likely to happen that way. This forecast was not made in 2008, at least not by the general public, as I will explain below. The ownership rate peaked in 2004, according to the other comment. We reached a peak in the second quarter of 2020 and are currently at the median level. From 2008 to 2012, it fell by 3%, and in the second quarter of 2020, it dropped from 68 to 65.
Because they are used to bull markets, most people find it difficult to handle a decline, but if you know where to search and how to get around, you can make a sizable profit. It depends on how you plan to enter and leave.
Given that we are not accustomed to such uncertain markets, the fact that the US stock market has been on its longest bull run ever makes the widespread anxiety and excitement comprehensible. There are opportunities if you know where to go, as you noted that it wasn't difficult for me to earn more than $780k in the previous 10 months. Since I was aware that I would need a reliable and strong plan to get through these tough times, I engaged a portfolio advisor.
It was run by JILL MARIE CARROLL, who I learned about and got in touch with thanks to a CNBC interview. Since then, it has served as the point of entry and departure for the games we have emphasized. A search on the internet can be done if tracking is necessary.
that demand is dried up due to saturation of credit....the lag of interest rates hikes has yet to be felt and the bankruptcies will hit hard.....auto loans at extreme prices.....houses at extreme prices...commercial real estate that will not be rolled over....it will all fall...everything takes a buyer and a seller and when there are no qualified buyers---look out
Writing in Oct. 2023. Harry Dent has been talking the same stuff for 8 years that i know of. Still wrong. Not saying in can't happen, but do not listen to him. You will cause yourself financial and maybe psycologic harm if you do.
I've been positioning myself for many months for a huge market downturn. The fact that almost every guest David has had on in the last several weeks is so bearish is starting to make me worry its not going to happen.
Same. It's fear porn at this point.
If only for market technical reasons (too many shorts, covering), it could take some time before a new down leg or a crash happen - unless the debt ceiling isn't raised that is.
Dont worry. We have the best indicator in the market that we can follow i.e Jim Cramer
He makes a decent case for recession. And let's be real, a lot of the stuff he's saying is true, or has already been happening.
@S H E L no crash this time, but after this pending bull run the next turn around after that one, mid decade is gonna be one hell of a ride down. 😂😅😊
The signs are there.... smart money pouring in to Gold. The more Company's that report earnings the more we get a clearer picture. Let alone the looming risk of the debt bubble waiting to take out another Bank. Great Interview David 👍
Gold is a pet rock. It does not contribute to the economy when used as a store, nor does it pay income. At least with stocks and bonds we can help improve the economy and make income at the same time. Bitcoin is even worse because its not even physical. I do have gold and silver, but I prefer stocks, bonds and income.
@@jameskeefe1761 I hear you and agree.👍 The Market is a seesaw I like to be ahead or with the moneyflow. At the moment its going to the "PetRock" 😉. So here I am. When the time is righ my money will flow with the smart money back to stocks.
I just got onto this episode to tell David Lin that I will never be watching his show again. Harry Dent is always wrong, and anybody who puts him on a show doesn't deserve to be watched.
I never miss an interview. Excellent as always
Love this dude! He’s passionate and speaks truth
Let's revisit this 'truth' at the end of June.
Well, I'm viewing this video July 13. What happened to this massive crash he's been predicting for years. What happened to the June crash?
April 2024. Still waiting lol. Geez this guy is so wrong.
Harry is a true professional ranter lol
I’m so tired of waiting for this crash.. gonna be old soon but it’s still not coming!
It’s coming, but not as bad as what harry dent says lol
@@dennismisovski9932
I believe they'll be some sort of economic disturbance in the economy sometime in the fall - be prepared.
@@paulozimek276 I totally agree with u, when there’s blood in the streets u better invest