Economist Harry Dent predicts stock market crash worse than 2008 crisis: The ‘bubble of all bubbles’

[libertybele]

Economist Harry Dent predicts stock market crash worse than 2008 crisis: The ‘bubble of all bubbles’

Harry Dent, the outspoken financial author and economist, isn’t reversing course from his bold "crash of a lifetime" declaration this past December.

Speaking in an updated interview with Fox News Digital, Dent cautioned that the "everything" bubble has still yet to burst, and it may be a bigger crash than the Great Recession.

"In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new. This has never happened," Dent said on Tuesday. "What do you do if you want to cure a hangover? You drink more. And that's what they've been doing."

"Flooding the economy with extra money forever might actually enhance the overall economy long-term. But we'll only see when we see this bubble burst," he added.  "And again, this bubble has been going 14 years. Instead of most bubbles [going] five to six, it's been stretched higher, longer. So you'd have to expect a bigger crash than we got in 2008 to '09."..............

https://www.foxbusiness.com/media/economist-harry-dent-predicts-stock-market-crash-worse-2008-crisis-bubble-bubbles

[jmyrlefuller]

Only if the debts get called in.

[Free Vulcan]

Bottom line is we nor any other nation I know of has ever been in this position. I can't tell you when it will go down, but when the glass dam breaks it will be a tsunami that will wipe out everything paper.

[Bigun]

Bottom line is we nor any other nation I know of has ever been in this position. I can't tell you when it will go down, but when the glass dam breaks it will be a tsunami that will wipe out everything paper.

 

[DefiantMassRINO]

Shorts will claim "The end is nigh."  Longs will say "To infinity and beyond!"  Good hedge funds will place diverse long and short bets simultaneously to manage risk.

[libertybele]

Bottom line is we nor any other nation I know of has ever been in this position. I can't tell you when it will go down, but when the glass dam breaks it will be a tsunami that will wipe out everything paper.

....and the rest of the global markets will follow.

[DefiantMassRINO]

Because of automated algorithmic trading, markets will be like climbing a flight of stairs ... going down is much quicker and shorter than going up.

Individual investors will not have time to get out of the way when the market collapses.