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Economist Warns 'Crash Of A Lifetime' Is Coming, Predicts S&P 500 To Plummet '86% From The Top'
Prominent financial author and economist Harry Dent remains steadfast in his December prediction of the “crash of a lifetime.”
In a recent interview with Fox Business, Dent warned that the current “everything” bubble has yet to burst and that the impending crash might surpass the severity of the Great Recession.
A 14-Year Bubble Yet To Burst
Dent highlighted the uniqueness of the current bubble, comparing it to the natural bubble from 1925 to 1929, which lacked the artificial stimulus seen today.
He likened the current economic stimulus to trying to cure a hangover by drinking more, indicating that continual economic intervention might enhance the economy long-term, but the true impact will only be revealed when the bubble bursts.
Dent emphasized that this bubble has persisted for 14 years, much longer than the typical five to six-year lifespan of most ...