Tag Archives: Harry Dent

Crash Proof Exclusive: Phil Cannella Interviews Harry Dent

Watch Crash Proof Retirement’s Phil Cannella and Joann Small conduct another exclusive, groundbreaking interview with world famous economic forecaster Harry Dent. Afterwards, register for the next Crash Proof Educational Event on Tuesday, May 9th at Spring Mill Manor in Ivyland, PA.

The first 100 guests will receive a free copy of Harry’s best-selling book “The Sale of a Lifetime”.

Register HERE.

 

Harry Dent is known around the world for his boldness and accuracy in predicting both economic booms and global financial crashes. He is Harvard educated, two-time best-selling author and economic forecaster who has a wealth of economic and financial experience. He has been called a master of his method called “the new science of finance.” Back in 1989, he warned of Japan’s inevitable collapse. A decade later he warned of the dot.com boom and the bust that followed.  Now in an exclusive interview with Phil Cannella and Joann Small of the Crash Proof Retirement Show, Harry Dent has once again utilized his research using scientific demographics to predict the next stock market crash and economic bubble burst.

 

According to Harry Dent in the exclusive interview with Crash Proof Retirement:

“When bubbles burst, it tends to take two to three years for them to hit bottom. 70, 80, 90% not 20, 30, 40, 50 as we’ve seen in recent crashes, but the first 2 to 3 months of that crash we will see half of it happen which means 40%. I wouldn’t want to mess with this fire because it’s going to blow, and when it does it’s going to be so fast you will not get out in time. But I think the danger period is 2017 to early 2020. That’s when the worst is going to happen and I think it’s going to start and see the biggest jolt in 2017.”

Harry Dent says the next market crash will be disastrous for people in retirement if they have their nest eggs in risk investments on Wall Street. He says it will be devastating- just like in the great stock market crash of 1929:

“When you see a once in a lifetime major bubble crash like the great depression, with debt and bubble deleveraging, it takes 25 years or more just to get back to even and you don’t lose 40%. You lose 80%-90% in stocks so it is devastating. I wouldn’t tell a 25 year old to be betting on stocks because they are too over valued now. Aging baby boomers, absolutely should be putting a premium on safety and preserving their capital after an unprecedented bubble, rather than hoping for another year or two of possible gains… it’s suicide!”

Harry Dent has just released another best-selling book entitled: The Sale of A Lifetime: How the Great Bubble Burst of 2017-2019 Can Make You Rich, which zeros in on the history of financial and economic bubbles, and presents his entirely new model on bubbles. It’s information that you will not get from a traditional economist, financial expert or politician, but it can protect you and your retirement savings from the next market crash and global financial disaster. Just visit Harry Dent’s website: HarryDent.com for more information, or DentResearch.com.

Non-Partisan CBO says: “Debt & Deficits will Explode”

The Congressional Budget Office (or CBO as it is known) is a federal agency within the legislative branch of the U.S government that provides budget and economic information to Congress. The CBO is strictly non-partisan, and does not make policy recommendations.

That’s why its latest report is so frightening.

According to new projections released by the CBO on 3/30/17- Government debt and budget deficits are both set to spiral higher in the next 30 years if current patterns hold. The report warns that the rising debt and deficits, threaten another financial crisis.

The CBO report stated:

“The prospect of such large and growing debt poses substantial risks for the nation, and leaves policymakers with significant challenges. Large and growing federal debt over the coming decades would hurt the economy and constrain future budget policy & hurt the prospects for economic growth”

Due largely to increases in Medicare and Social Security costs, the federal debt will reach 150% percent of gross domestic product in 2047, according to the report.

Watch more from CNBC below.

The current total debt level of $18.8 trillion is about 101 percent of GDP. In addition to rising debt, the CBO also said:

“The budget deficit will more than triple from the projected 2.9% percent of GDP in 2017 to 9.8 percent in 2047.”

The CBO says rising interest rates is another main reason for skyrocketing debt.

 “Rising deficits will add to the debt load because the government will be forced to borrow more at higher rates to cover expenses that will exceed revenues”

To get the debt and the deficit under control, the CBO recommends the government cut spending and increase revenue.

Crash Proof Retirement has been warning of a US and Global debt crash for a while, and our feelings have been supported by world-renowned economic forecaster and best-selling author Harry Dent.

Listen to Phil Cannella and Joann Small’s exclusive interview with Harry Dent on the Crash Proof Retirement Show, below.

Famed Economic Forecaster Harry Dent on The Crash Proof Retirement Show

Featured Guest

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Renowned Economic Forecaster Harry Dent, Editor of the free newsletter Survive & Prosper Joins the Crash Proof Retirement Show®

 Harry Dent is most recognized for his past accurate market predictions such as the bull market of the late 90s as well as the crashes of 2001 and 2008. This week he is a featured guest as he shares with our listeners his economic projections for 2014.  Be sure to tune into the Crash Proof Retirement Show® in the coming weeks as we follow up with research on some of Harry Dent’s alarming economic forecasts!

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