Apr 07 2024 43 mins 4
On this week’s episode of Retirement Lifestyle Advocates Radio with your host Dennis Tubbergen, economist Harry Dent predicts a significant economic downturn in the US, with the government adding a trillion dollars in debt every 100 days. He believes that the US has been avoiding a second Great Depression since 2008 by printing money and running consistent deficits, but this is unsustainable and will lead to a financial crisis. Dent predicts a 50% decline in real estate and an 80-90% drop in stocks. He advises investors to move into safe long-term treasury bonds, which he believes could double in value during the crisis. Dent also criticizes the government’s attempts to avoid recessions, arguing that they are a necessary part of the economic cycle.
Harry Dent is internationally recognized for the accuracy of his economic forecasts and is the author of the #1 best-selling book, Zero Hour. He’s appeared on “Good Morning America,” PBS, CNBC, CNN, and 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.”
To learn more about Harry Dent and subscribe to his free newsletter, please visit https://harrydent.com/. To learn more about Retirement Lifestyle Advocates, please visit our website at www.RetirementLifestyleAdvocates.com.
