“This is the greatest financial asset bubble in history, there is no soft landing for this [economy],” claims Harry Dent, founder of HarryDent.com. “All the signs point toward a recession, and we’ve just finished the first of three major downturns in markets,” he tells our Daniela Cambone on the final episode of this year’s Summer Series. “We’re at the biggest demographic downturn in history,” Dent argues. He believes it is essential to flush out “bad debt,” and predicts trillions of dollars will be sold off in stocks, real estate, and commodities like gold. Dent contends that the Fed’s tightening measures, “will “fail faster than they think.” Dent says we’re approaching a once-in-a-lifetime crash, and urges investors to protect their assets moving forward while the suffering unfolds.
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