Tag

Bubble Burst

All articles tagged with #bubble burst

economy2 years ago

2024: Brace for the Biggest Crash in Our Lifetime

Economist Harry Dent predicts that 2024 will be the biggest crash year in our lifetimes, attributing it to overvalued markets and excessive stimulus spending. Dent warns against listening to financial advisers and urges investors to get out of the way, as he believes the crash will be more severe than the Great Depression, with an 86% crash in the S&P, a 92% crash in the NASDAQ, and a 96% crash in crypto. He predicts a lasting slowdown impact for 12 to 14 years, widening the wealth gap and affecting the rich more than the average person.

economy2 years ago

2024: Brace for the Biggest Stock Market Crash

Economist Harry Dent predicts that 2024 will bring the "biggest crash of our lifetime" due to overvalued markets and excessive stimulus spending. Dent warns that the current market bubble, which started in late 2021, will burst next year, resulting in significant declines in stocks, real estate, and cryptocurrencies. He advises investors to get out of the way and save themselves from massive losses. Dent criticizes the year-end market rally and urges Americans to prepare for a deep depression and deflation, which will widen the wealth gap. He believes the impact of the "everything" bubble will last for 12 to 14 years, with the millennial boom following thereafter.