Renowned Economist Predicts Major Financial Collapse: 'Within a Few Months...'

Financial author and economist Harry Dent has warned that the largest economic collapse in history, exceeding the Great Depression, will occur in 2025.

Publication: 19.06.2024 - 17:35
Renowned Economist Predicts Major Financial Collapse: 'Within a Few Months...'
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In an interview with Fox News, Dent highlighted the unsustainable bubble inflated by central banks, stating, "The natural bubble of 1925-29 had no stimulus behind it. This is unprecedented." He likened current economic policies to drinking more to cure a hangover, suggesting that the bubble, which should have burst in 5-6 years, has been overextended for 14 years, predicting a more severe collapse than 2008-2009.


While U.S. stocks closed May with significant gains, Dent forecasts a dramatic downturn: "We will see the S&P 500 drop by 86% and the Nasdaq by 92%. Even leading stocks like Nvidia will plummet by 98%. No bubble has ever ended well, and this one is much larger."


Dent predicts a housing market crash, with prices falling to 2012 lows, citing widespread ownership and second homes as unsustainable. He notes that wealthy individuals in countries like China and Japan are buying empty properties as collateral against potential market crashes.


Critics label Dent's hypothesis as alarmist, but he insists, "I only report what I see," blaming central banks' "money printing power" for the impending crisis. He concludes, "Governments injected artificial stimulants into this bubble for stronger performance, but history shows that nothing is free, and bubbles always burst. This is highly probable."


Harry Dent is an American author renowned for his economic predictions and analysis. With an MBA from Harvard Business School, he started as a strategic consultant and then focused on economic cycles. Dent is best known for his predictions on economic bubbles and crises and runs "Dent Research," an economic analysis firm. He has authored several books on demographic changes, consumer behavior, and market cycles.