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Harry S. Dent on his latest depression predictions
Posted on 23 June 2009 with no comments from readers
Harry S. Dent predicts a depression in 2010 and 2011. Do not believe this economy is going to turn around. Get out of stocks this summer, sell your real estate. Bond yields will peak at 4.5-5 per cent next year, then you should look at buying them.
But this will be the greatest sale of financial assets in your lifetime if you have the cash to hand. It is a compelling read but is the man who three years ago saw the Dow at 20,000 this year still a credible forecaster? (see article below).
Even in this short presentation he appears to downgrade his oil price forecast of $80-100 in late 2009-2010 with a later warning on commodity prices. Still it is thought provoking commentary and perhaps we should all reach our own conclusions.
Posted on 23 June 2009
Categories: Banking & Finance, Bond Markets, Global Economics, Oil & Gas, US Dollar, US Stocks, Video Channel
no Comments posted by readers:
He makes me want to move to New Zealand and get some sheep and a farm tractor. And I can watch them film the next 6 Harry Potter sequels, if I have any spare time during my fallout shelter construction and well drilling. Do sheep get mad sheep disease?
I basically believe Mr dent on general market condition as Debt building continues,but Capital growth keep on its down spin along with massive job losses and underemployed growth.I however feel that basic food/metal commodities will see Massive growth going forward into the present Depression and into 2010-11!The latter is especially the case as the buyers of our overall Massive debt sell Dollars and come back into our ledger sectors within US causing Massive inflation on need food and metal commodities!
Ed Note: Why would you expect commodity price inflation if depression is reducing demand? Things do not go up in price if nobody is buying them! But I agree with you monetary inflation could produce this effect as we see in China.
Don’t believe the naysayers. Probably a investor shorting the market and hope the sheep follow his advice.
I want Harry Dents newsletter. I don’t want literature be another author. I want his future predictions. I would like his speaking schdule, please. Thank you, Joyce Tilly
Bill Simpson aspirations on buying a sheep farm in KIWI country to escape Harry’s “Great Deparession Ahead” is almost right. NZ debt is I believe 100% of its GDP. Suggest you consider Towoomba in Sunny Queensland. The best farming land in Australia!! and a hop skip and jump from Brisbane and the sunny Gold Coast.China cant get enough resources from Queensland!!
Good Luck
Gavin Dyer Sydney Australia
Harry Dent’s track record is awful. His forecasts are always wrong.