Doomsday economist warns of stock market crash of a lifetime
Jun 10, 2024 23:34:59 GMT -5
Post by Pink Rose on Jun 10, 2024 23:34:59 GMT -5
Doomsday economist who predicted the 2007 financial crisis warns of stock market 'crash of a lifetime' - but it's not all bad news
Harry Dent predicted Japanese crash in 1991 and US housing crash in 2007
READ MORE: Texas to launch 'anti-woke' stock exchange to rival NYSE, Nasdaq
By KAMAL SULTAN FOR DAILYMAIL.COM
PUBLISHED: 20:47 EDT, 10 June 2024 | UPDATED: 20:47 EDT, 10 June 2024
An economist has doubled down on his grim prediction that America faces a stock market crash that would dwarf the one during the 2008 financial crisis .
Harry Dent first warned last December that an 'everything' stock market bubble would burst - prompting the 'biggest crash in our lifetimes'.
'If I'm right, it is going to be the biggest crash of our lifetime, most of it happening in 2024,' he previously told Fox Digital.
Given he predicted the crash was due to hit by May, critics who accused him of being 'crazy' appear to be correct.
But in a new interview the Harvard Business School alum said he stands by his claims. He says the benchmark S&P 500, for example, will plummet 86 percent.
However, he does admit the market bottoms are now more likely to be seen between early and mid-2025.
Economist Harry Dent has re-emphasized his warning that the stock market is going to crash much worse than it did during the 2008 financial crisis
Full story with pictures and video at the link
Harry Dent predicted Japanese crash in 1991 and US housing crash in 2007
READ MORE: Texas to launch 'anti-woke' stock exchange to rival NYSE, Nasdaq
By KAMAL SULTAN FOR DAILYMAIL.COM
PUBLISHED: 20:47 EDT, 10 June 2024 | UPDATED: 20:47 EDT, 10 June 2024
An economist has doubled down on his grim prediction that America faces a stock market crash that would dwarf the one during the 2008 financial crisis .
Harry Dent first warned last December that an 'everything' stock market bubble would burst - prompting the 'biggest crash in our lifetimes'.
'If I'm right, it is going to be the biggest crash of our lifetime, most of it happening in 2024,' he previously told Fox Digital.
Given he predicted the crash was due to hit by May, critics who accused him of being 'crazy' appear to be correct.
But in a new interview the Harvard Business School alum said he stands by his claims. He says the benchmark S&P 500, for example, will plummet 86 percent.
However, he does admit the market bottoms are now more likely to be seen between early and mid-2025.
Economist Harry Dent has re-emphasized his warning that the stock market is going to crash much worse than it did during the 2008 financial crisis
Full story with pictures and video at the link