The Federal Reserve is indeed walking a tightrope with its rate hikes, aiming to curb inflation without triggering a recession. Overcorrection could exacerbate the economic slowdown and it is crucial to find that delicate balance.
I think Harry Dent will be 90% correct. I think we all underestimated how long the Fed could keep this bubble growing. Todd, your skills as an interviewer keep growing. I've been with you since the start.
I am so impressed with Harry Dents talk. Harrys insight has given us an eye of realization as to how demented man and government has become so unhealthy for oneself and society in general. Thank you Harry, Thank you Sachs
Don't I know it. I've been telling people for two years that they need to purchase themselves a piece of land where they can grow food for themselves and their family. We lost about 12 million people to starvation during the depression of the 1930s.
I'm just a regular working class person and I listened to my mother who told me to buy a house so I bought a house because I needed a place for my father and son to live in. A house is supposed to be a place to live but it's not like that anymore. I had to sell my house because the property taxes were rising and I didn't want to pay for maintenance anymore since I'm 15 years away from retirement age. I downsized into a condo which I was able to pay cash for and my bills are very manageable so I can save 15% of my income for retirement. I wondered if I made the right decision but I'm starting to think I have because of how much money I've been able to save.
Good move. Real estate has become a big target for government and big corps to shear the sheep. Renting is the smarter financial decision right now for many people.
Thank you for the make lobbying illegal! I have been saying that forever and I constantly hear podcast, politicians, news, etc talk about “big pharma”, “military industrial complex”, “big tech” influence, but NEVER hear anyone mention making lobbying illegal. Get business influence out of government, make investing illegal to legislators and remove all of other financial motives to benefits big companies.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
Opting for an inves-tment advisr is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
*''TRUDY ELIZABETH STOUFFER’'* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
Home prices and even land prices are insane. I have started seeing some price reductions but prices are all over the place. I'll keep stacking cash and collecting interest. Patience is a virtue for a reason. I can wait.
I remember the early 80s. You couldn't GIVE away a house back then in Colorado, not even to take over payments. Just wait a year or two and homeowners over the entire country will be begging you to buy their home for 30 cents on the dollar ESPECIALLY if Harris is installed.
In Houston Texas. Home and land values up. Land is valued separately from the structures. The home values could go down, however the lot that it sits on never will. All part of the plan.
The 10 year UST is just a touch under 4.4%. The Bond Revolt has started. It is actually very simple: an economy can not have high inflation and low borrowing cost. As a simple example if inflation is 5% would you loan the Federal Government money for 1.5% for 10 years? Neither would I because you will be paid back in greatly devalued dollars as that bond gets closer to maturity.
I agree. I have often likened the watching of bond yields on a day-to-day basis as the equivalent of watching paint dry. Lately, it is telling a story that is very contrary to what all the other markets are saying. Risk is back.
Recently listened to an interview with someone who is supposed to be a leading economist and he stated that a proposal by a certain political candidate to eliminate the federal income tax will solve all of the US economy problems by bringing back manufacturing to America and creating jobs the likes never seen before. I have always believed that if it sounds to good to be true it is. I would have liked to ask Mr. Dent to tell us what he thinks about that idea. I would also like to thank you Todd for having this platform and the work that you do for the American public.
@@SachsRealty My impression is that Mr. Dent wants to help people by warning them. I am betting that the can will be kicked down the road longer than he predicts. He has predicted a collapse for years as have many other people. Inflation is coming. Printer is coming. Housing is essential I have no idea how housing will perform vs dollars but i assume housing will do ok long term. Probably gold and silver will do ok long term vs dollars. Income inequality will grow and possibly social unrest. My best advice is to live where you get along with your neighbors.
Fantastic show! Ty so much! The best thing he said…. “You can’t change the economy at this point so it’s best to get out of the way!” Everyone should have physical gold and silver to have money out of the system and to protect against inflation. Get it now before it’s too late.
24:18 It sounds like he is describing inflation as a result of increase demand for goods and services... of course that is a good sign for the economy! Artificial inflation as a result of pumping the money supply is the opposite direction! Central banks destroying generations of wealth...
On one hand he days the financial system is broken but yet apparently things are so much better than 40 years ago. Certainly its much better for the top 5%.
Harry Dent has predicted the last 30 recessions that never happened…. That being said, his thesis is not completely off. He isn’t stupid. The problem is gov’t and central money printing in a long enough time frame it we will eventually go to zero. We can’t time it and leadership and businesses will resist a hard recession for fear of retribution and an unstable environment. We can plan for it but no one can time it.
There will be a crash. But at the time determined by the ones who control the currency. They will prepare themselves to profit, while the population will be more enslaved.
I totally agree. Loved "Harry Dent has predicted the last 30 recessions that never happened." Eventually his prediction will come true but as they say, "a broken clock is right twice a day." :-)
Klaus Schwab of the World Economic Forum sees it differently: "We are shaping the future!" as he demands. By "we", however, he does not mean the free market capitalism but a small group of leading so-called elites who are supposed to lead his stakeholder capitalism.
We now have a world economy and the situation is a lot different then back in the 20's, so a depression and a recession in todays time need to take into account of whats going on in the world market in addition to our own economy. (ie, Covid was global.) A precribed burn in a pine forest does keep it healthy, but the US is SO dynamic and each state's economy is based on different things, and given that the world at large is so dynamic that its nearly impossible for a blanket statement about a long term prediction. This IS why things are kicked (or nudged) in certain directions in the short term. But anyway, I still look forward to your next guest that you have on the channel.
Especially in the San Francisco Bay Area, it’s ridiculous that multiple homes are left vacant, owned by non-U.S. citizens and the wealthy. They hold multiple properties solely for investment purposes. Now, a judge has decided not to impose higher taxes on these vacant homes, even as they sit empty and prevent our children from buying real estate because so much has been scooped up. It’s just frustrating and disheartening. The housing market is a bubble and they are being kept at artificially high ridiculous prices because that also means more money in property taxes , more money for realtors ( which is already absurd) and more money for the owners. Whilst the young are left out in the cold!!! Something needs to happen and it will.- POP
2-4 years till housing crash. About time someone nailed that down. The host’s expertise is real estate but never once just came out and predicted when the housing crash will happen. Harry Dent just did. 2026-2028. Done. Finally! Geez, what an F’n breakthrough!
I believe we are on life support and the government has buried us and our children to live out lifestyle and healthcare and we have to pay a hefty fee. Thanks Tod
This kind of reminds me of the "4th Turning" predictions. We have been able to paper over economic mismanagement for the past 40 years because we've had the world's Reserve currency. How long will that continue to last? However, I think what is comings will be known as the Great Bankruptcy.
Iraq war cost to find fake weapons was 3.5 trillion and 1 trillion to take care of the 12000 severely injured for the rest of their lives. Total cost of iraq war 4.5 trillion. The total cost of war on terror 12 trillion afghanistan, iraq, syria , libya and 2 other countries
Thanks for this. It was very interesting to hear about Harry’s pathway from childhood until he found his sweet spot. I read one of his books many years ago.
I love when Todd & Harry have real conversations we get to sit in on. The people in this country need to stop playing victim & waiting for some Superman to swoop in and fix everything. None of these politicians are going to do anything but suck up extra air delivering empty speeches all while pocketing as much money as they can.
I love the passion of Harry Jr. He never disappoints. 28:20 I've never heard this take and I agree. I never really thought about it. As for as audio and visual entertainment goes, The US and the UK lead the developed world, for sure.
56:21 I assume Harry isn’t referring to nominal prices right? That it will be inflation adjusted 2012 values…? Because I don’t see us going to 2012 nominal values…
It's actually quite simple. The demographic factor is now taking full effect, there is no way around it. People born in 1965 became active market participants (consumers) 20 years later, from 1985 onwards. The contraceptive pill is also responsible for the fact that there were 60 % to 70 % fewer newborns in 2005. Now, in 2024/25, there are still 60% to 70% too few active market participants. The logical consequence is that there is 60% to 70% too much industrial production capacity. As a result, baby boomers will have to make do with 60% to 70% lower pension payments - adjusted for purchasing power.
21:22 I will say that this is incorrect. What happened is we accumulated physical assets: metals, gasoline or energy sources. And than we collectively agreed upon standards of machining. everything after that is the great advances in technology. As everything stopped being a one of a kind product.
If you have a recession, many bank defaults will happen. If you have a depression, all banks go bust. Are the USA citizens in the mood for this again? Are "we the people" going to bail them out again?
The Bullwhip Effect, Tiffin's Dilemma, The Cantillon Effect, Gresham's Law... without mention of these, there is no REAL discussion of economics occurring.
I agree! Unfortunately it's too late for a recession to fix it. It's going to take a full blown CRASH to fix the market and ONLY if free market capitalism is allowed once again ti operate. Otherwise, we're just going to rinse and repeat until the ultimate blow up beyond repair happens and everyone is living under a bridge for the next 50 years. You can thank our government and the central bank for this.
ppl gotta change their view on recessions. it's a trimming of the leaves. But also, the ppl in charge don't care about a healthy economy or healthy capitalism. some of them don't care about the people they serve; they care about being re-elected
Harry makes the Depression sound better than it was coming out... it was FDR almost created a second Dep in 1937, only WW2 saved the US, are we hpoing for a new war to drag us out?
Refreshing holistic view of economy: respect the natural seasons! ❄️ 🌱🌞🍁 Stop villainizing “recessions” or “inflation”. No more Fear! 💪🏻 Any advise about this AI transition?
Harry, you say that the economy is doing well going into the election so please explain how that is possible when for almost the entire last quarter, all economic growth is thru expansion of government and government hiring.
Isn’t this the whole point of the economic system we are using ? John Maynard Keynes . I don’t understand why people are giving excuses for the system running like it was intended.
Where is the globalization fall into this? 🤔 In the past decades it was way easier in the past none of these like replacing jobs with AI or ship out jobs to other countries!!😬
......that was then. Today, everything is managed and manipulated so the agenda is predictable. The timing is always fluid depending on results. This evolving depression will wipe out most people. Keep preparing.
He says during that inflationary era in the 70s was created more innovation and help the economy which I'm not sure because that's a double-edged sword with too much inflation more people can't afford things the standard of living actually goes down. The lucky few that have enough money to start something for the society and the economy or the only ones that really benefit
I hear you,but bottom line,90%,are living pay check too pay check,and making less then 30 grand,and that's working two jobs,if that inavation,keep it,the manufacturering jobs from the 60s,70s,80s,we're better for ave person,but analysts lime this guy making a millon a yr,can't comprehend it,and I'm not saying he's wrong,I agree with most he says,free market,is the free market, leave it alone
I've been reading about the inverted yield curve, which historically predicts recessions. Do you think the Fed can mitigate this?
The Federal Reserve is indeed walking a tightrope with its rate hikes, aiming to curb inflation without triggering a recession. Overcorrection could exacerbate the economic slowdown and it is crucial to find that delicate balance.
Global trade tensions and supply chain disruptions are already impacting businesses. A recession would be devastating.
The 2025 recession concerns are legitimate, but we should focus on diversifying investments and building economic resilience
Governments and central banks must coordinate fiscal policies to stimulate growth and prevent a global downturn.
It’s also crucial for policymakers to monitor economic indicators and adjust policies accordingly.
This is the kind of straight talk and analysis I like hearing. Salute Mr. dent. 👍🏾✅💯
Spare the rod spoil the child…
I think Harry Dent will be 90% correct. I think we all underestimated how long the Fed could keep this bubble growing. Todd, your skills as an interviewer keep growing. I've been with you since the start.
Appreciate you Joe, thank you 🙏
I am so impressed with Harry Dents talk. Harrys insight has given us an eye of realization as to how demented man and government has become so unhealthy for oneself and society in general.
Thank you Harry,
Thank you Sachs
People don't want to be told the truth. They get mad.
Don't I know it. I've been telling people for two years that they need to purchase themselves a piece of land where they can grow food for themselves and their family. We lost about 12 million people to starvation during the depression of the 1930s.
I'm just a regular working class person and I listened to my mother who told me to buy a house so I bought a house because I needed a place for my father and son to live in. A house is supposed to be a place to live but it's not like that anymore. I had to sell my house because the property taxes were rising and I didn't want to pay for maintenance anymore since I'm 15 years away from retirement age. I downsized into a condo which I was able to pay cash for and my bills are very manageable so I can save 15% of my income for retirement. I wondered if I made the right decision but I'm starting to think I have because of how much money I've been able to save.
Good move. Real estate has become a big target for government and big corps to shear the sheep. Renting is the smarter financial decision right now for many people.
Sleep sound on that solid foundation 😁
That's what they want u to do own nothing be happy
Living on less than you need, the key to saving and you found it
Waaaay too much "Everyone is fools, I'm the only sane one." Listened to the first half hour then I was out.
Top tier interview
Thank you for the make lobbying illegal! I have been saying that forever and I constantly hear podcast, politicians, news, etc talk about “big pharma”, “military industrial complex”, “big tech” influence, but NEVER hear anyone mention making lobbying illegal.
Get business influence out of government, make investing illegal to legislators and remove all of other financial motives to benefits big companies.
Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
Opting for an inves-tment advisr is currently the optimal approach for navigating the market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.
*''TRUDY ELIZABETH STOUFFER’'* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
Home prices and even land prices are insane. I have started seeing some price reductions but prices are all over the place. I'll keep stacking cash and collecting interest. Patience is a virtue for a reason. I can wait.
I remember the early 80s. You couldn't GIVE away a house back then in Colorado, not even to take over payments. Just wait a year or two and homeowners over the entire country will be begging you to buy their home for 30 cents on the dollar ESPECIALLY if Harris is installed.
In Houston Texas. Home and land values up. Land is valued separately from the structures. The home values could go down, however the lot that it sits on never will. All part of the plan.
Well said. Stable plan.
The 10 year UST is just a touch under 4.4%. The Bond Revolt has started. It is actually very simple: an economy can not have high inflation and low borrowing cost. As a simple example if inflation is 5% would you loan the Federal Government money for 1.5% for 10 years? Neither would I because you will be paid back in greatly devalued dollars as that bond gets closer to maturity.
I agree. I have often likened the watching of bond yields on a day-to-day basis as the equivalent of watching paint dry. Lately, it is telling a story that is very contrary to what all the other markets are saying. Risk is back.
Recently listened to an interview with someone who is supposed to be a leading economist and he stated that a proposal by a certain political candidate to eliminate the federal income tax will solve all of the US economy problems by bringing back manufacturing to America and creating jobs the likes never seen before.
I have always believed that if it sounds to good to be true it is. I would have liked to ask Mr. Dent to tell us what he thinks about that idea. I would also like to thank you Todd for having this platform and the work that you do for the American public.
Brilliant analogy. So simple and so basic!
Love this...especially his analogy of detoxing...great..he' s cleary brilliant and has a handle on reality
Dude has been wrong his whole life. He said Gold was going to what? $500?
You sure?
It's true. Harry called for $700 gold iirc.
we have a command economy there is no free market capitalism.
Let me know your thoughts after you watch the video
@@SachsRealty My impression is that Mr. Dent wants to help people by warning them. I am betting that the can will be kicked down the road longer than he predicts. He has predicted a collapse for years as have many other people. Inflation is coming. Printer is coming. Housing is essential I have no idea how housing will perform vs dollars but i assume housing will do ok long term. Probably gold and silver will do ok long term vs dollars. Income inequality will grow and possibly social unrest. My best advice is to live where you get along with your neighbors.
I work for myself and my family. Funny for u to say that
I heard it called a “Corporatist” economy - because it’s not a true capitalist economy anymore.
He's right😢
“We entered a permanent plateau of prosperity”
Priceless
Big time guest,and they keep on coming! Thank you!
Fantastic show! Ty so much! The best thing he said…. “You can’t change the economy at this point so it’s best to get out of the way!” Everyone should have physical gold and silver to have money out of the system and to protect against inflation. Get it now before it’s too late.
24:18 It sounds like he is describing inflation as a result of increase demand for goods and services... of course that is a good sign for the economy! Artificial inflation as a result of pumping the money supply is the opposite direction! Central banks destroying generations of wealth...
On one hand he days the financial system is broken but yet apparently things are so much better than 40 years ago. Certainly its much better for the top 5%.
Both parties lost their way.
They ran out of legitimate ideas.
Completely worth.
@@williammckown1736 less.
Trump had poor advising on how to handle the pandemic.
Thanks for Harry Dent insight.😊
Very informative and helpful.
Thanks for opening our eyes! I lost everything in 2008-2012.
Hope you’ve been rebuilding 💪
Recessions bring deflation which is why we are in this inflationary weirdness because they haven’t let it happen!
Harry Dent has predicted the last 30 recessions that never happened…. That being said, his thesis is not completely off. He isn’t stupid. The problem is gov’t and central money printing in a long enough time frame it we will eventually go to zero. We can’t time it and leadership and businesses will resist a hard recession for fear of retribution and an unstable environment. We can plan for it but no one can time it.
There will be a crash. But at the time determined by the ones who control the currency. They will prepare themselves to profit, while the population will be more enslaved.
EXACTLY RIGHT. @@ChristineLaGardsRottedFishFace
They can keep this fraudulent system going for many more decades.
I totally agree. Loved "Harry Dent has predicted the last 30 recessions that never happened." Eventually his prediction will come true but as they say, "a broken clock is right twice a day." :-)
Save the currency or save the bond market. Can't save both.
Harry is an important advocate
Klaus Schwab of the World Economic Forum sees it differently: "We are shaping the future!" as he demands. By "we", however, he does not mean the free market capitalism but a small group of leading so-called elites who are supposed to lead his stakeholder capitalism.
Average Wall Street salary is about $500,000 a year. Average salary of Americans is about $65,000 a year. Enough said.
What’s the average salary of a gubment worker in Washington DC? Why are some of the richest counties in America next to Washington DC?
no
@@dtb7872 No, what? Try to make some sense.
Excellent overview spoken, TY ~ Terese
Best presentation Harry Dent. Love it
Wow! Mike Maloney and Harry Dent! Awesome guest, thank you!!!
We now have a world economy and the situation is a lot different then back in the 20's, so a depression and a recession in todays time need to take into account of whats going on in the world market in addition to our own economy. (ie, Covid was global.) A precribed burn in a pine forest does keep it healthy, but the US is SO dynamic and each state's economy is based on different things, and given that the world at large is so dynamic that its nearly impossible for a blanket statement about a long term prediction. This IS why things are kicked (or nudged) in certain directions in the short term. But anyway, I still look forward to your next guest that you have on the channel.
Converted my fiat currency into Gold & Silver in 2017 . Boy what a great move . Just knew the dollar is dying . Going into hyperinflation soon .
Especially in the San Francisco Bay Area, it’s ridiculous that multiple homes are left vacant, owned by non-U.S. citizens and the wealthy. They hold multiple properties solely for investment purposes. Now, a judge has decided not to impose higher taxes on these vacant homes, even as they sit empty and prevent our children from buying real estate because so much has been scooped up. It’s just frustrating and disheartening. The housing market is a bubble and they are being kept at artificially high ridiculous prices because that also means more money in property taxes , more money for realtors ( which is already absurd) and more money for the owners. Whilst the young are left out in the cold!!!
Something needs to happen and it will.- POP
That was great thanks!
Same here, I also don’t understand when people say the good old days. We live in the best of times. Sometime we take things for granted.
2-4 years till housing crash.
About time someone nailed that down.
The host’s expertise is real estate but never once just came out and predicted when the housing crash will happen. Harry Dent just did. 2026-2028. Done. Finally! Geez, what an F’n breakthrough!
Agree 100%, Once this fed support is pulled, Kiss it all goodbye.
I believe we are on life support and the government has buried us and our children to live out lifestyle and healthcare and we have to pay a hefty fee. Thanks Tod
This kind of reminds me of the "4th Turning" predictions. We have been able to paper over economic mismanagement for the past 40 years because we've had the world's Reserve currency. How long will that continue to last? However, I think what is comings will be known as the Great Bankruptcy.
Iraq war cost to find fake weapons was 3.5 trillion and 1 trillion to take care of the 12000 severely injured for the rest of their lives.
Total cost of iraq war 4.5 trillion.
The total cost of war on terror 12 trillion afghanistan, iraq, syria , libya and 2 other countries
Interesting review thank you
Harry is correct but people criticize him out of fear as they won’t admit the inevitable truth !! Is all about cicles, innovation , and demographics..
That's why are dollar like the peso
If possible please bring Mr. Dent on more his animation is hilarious but he is a contrarian with fantastic points
Harry Dent is a smart guy
Great content. Good to hear Harry!!!
Thanks for this. It was very interesting to hear about Harry’s pathway from childhood until he found his sweet spot. I read one of his books many years ago.
This guy is awesome!
Greate guest!
I sure hope he’s right because after I read his book 3 years ago I sold my house and we are screwed now as far as getting a new house…
I love when Todd & Harry have real conversations we get to sit in on. The people in this country need to stop playing victim & waiting for some Superman to swoop in and fix everything. None of these politicians are going to do anything but suck up extra air delivering empty speeches all while pocketing as much money as they can.
I love the passion of Harry Jr. He never disappoints.
28:20 I've never heard this take and I agree. I never really thought about it. As for as audio and visual entertainment goes, The US and the UK lead the developed world, for sure.
56:21 I assume Harry isn’t referring to nominal prices right? That it will be inflation adjusted 2012 values…? Because I don’t see us going to 2012 nominal values…
Excellent show
It's actually quite simple. The demographic factor is now taking full effect, there is no way around it. People born in 1965 became active market participants (consumers) 20 years later, from 1985 onwards. The contraceptive pill is also responsible for the fact that there were 60 % to 70 % fewer newborns in 2005. Now, in 2024/25, there are still 60% to 70% too few active market participants. The logical consequence is that there is 60% to 70% too much industrial production capacity. As a result, baby boomers will have to make do with 60% to 70% lower pension payments - adjusted for purchasing power.
21:22 I will say that this is incorrect. What happened is we accumulated physical assets: metals, gasoline or energy sources. And than we collectively agreed upon standards of machining. everything after that is the great advances in technology. As everything stopped being a one of a kind product.
If you have a recession, many bank defaults will happen. If you have a depression, all banks go bust. Are the USA citizens in the mood for this again? Are "we the people" going to bail them out again?
The Bullwhip Effect, Tiffin's Dilemma, The Cantillon Effect, Gresham's Law... without mention of these, there is no REAL discussion of economics occurring.
good job Harry
I always liked Harry
Landlords are just going to throw people out tight and left.😢😢😢😢😢😢😢😢
Save the currency or save the bond market. Can't save both.
I couldn’t agree more. We need to have a recession to reset this bloated over inflated sick system.
I agree! Unfortunately it's too late for a recession to fix it. It's going to take a full blown CRASH to fix the market and ONLY if free market capitalism is allowed once again ti operate. Otherwise, we're just going to rinse and repeat until the ultimate blow up beyond repair happens and everyone is living under a bridge for the next 50 years. You can thank our government and the central bank for this.
Thank you.
Very enlightening
The people must end the federal reserve system.
ppl gotta change their view on recessions. it's a trimming of the leaves. But also, the ppl in charge don't care about a healthy economy or healthy capitalism. some of them don't care about the people they serve; they care about being re-elected
Time to look for Galt’s Gulch.
It can't be fixed now it's too late.
Everything will get to equilibrium sooner or later, that’s a fact
GOLD
Harry makes the Depression sound better than it was coming out... it was FDR almost created a second Dep in 1937, only WW2 saved the US, are we hpoing for a new war to drag us out?
Wow!
I did not realize having less money is good !
Inflatable fiat money or money backed by Gold/Silver not a printing press....?
Like this 2 smart guys!!!
It is so expensive to build a house. Houses are about where they should be. The government just made your money worthless.
Hear hear for Northern Virginia! It’s an amazing place to grow up
Refreshing holistic view of economy: respect the natural seasons! ❄️ 🌱🌞🍁 Stop villainizing “recessions” or “inflation”. No more Fear! 💪🏻 Any advise about this AI transition?
I love harry dent 😂 WE CANT HAVE A RECESSION😂😂😂
Thank you, Todd. I always enjoy listening to Harry.
Harry, you say that the economy is doing well going into the election so please explain how that is possible when for almost the entire last quarter, all economic growth is thru expansion of government and government hiring.
Good stuff
So we should just throw all our money and and when we like the number cash out? If they’re gonna keep inflating ride the inflation train right?
Hyperinflation is starting
We missed the innovation cycle
Minimalism is making a big comeback
Depression delayed it's still coming
He never saw crime until he moved near “them”
Exactly
Isn’t this the whole point of the economic system we are using ? John Maynard Keynes . I don’t understand why people are giving excuses for the system running like it was intended.
Thanks for sharing today
Where is the globalization fall into this? 🤔
In the past decades it was way easier in the past none of these like replacing jobs with AI or ship out jobs to other countries!!😬
Warren Buffett and some of us ready with cash for a fire sale !
Best Harry interview, you just let him run 🏃♂️
Thank you. 🙏
......that was then. Today, everything is managed and manipulated so the agenda is predictable. The timing is always fluid depending on results. This evolving depression will wipe out most people. Keep preparing.
I bet you originally typed 'stacking', erased it and typed 'preparing' instead
America is so screwed. Better get a government job if you want to have any standard of living.
@@sandblast5636 yeeep same in Canada. I'm a gaming software dev and my girlfriend makes more than me at the federal government in a call center.
He says during that inflationary era in the 70s was created more innovation and help the economy which I'm not sure because that's a double-edged sword with too much inflation more people can't afford things the standard of living actually goes down. The lucky few that have enough money to start something for the society and the economy or the only ones that really benefit
The federal reserve is out-of-control
I hear you,but bottom line,90%,are living pay check too pay check,and making less then 30 grand,and that's working two jobs,if that inavation,keep it,the manufacturering jobs from the 60s,70s,80s,we're better for ave person,but analysts lime this guy making a millon a yr,can't comprehend it,and I'm not saying he's wrong,I agree with most he says,free market,is the free market, leave it alone
Harry S Dent Jr 👍
Government is printing the money promised by yesterday's lending.