Economist Harry Dent Predicts Severe Market Crash Exceeding 2008 Crisis
Dent warns of an unprecedented 'everything' bubble and a significant downturn by mid-2025.
- Harry Dent forecasts a drastic drop in major stock indices, with the S&P 500 potentially falling by 86% and the Nasdaq by 92%.
- Dent emphasizes that the current economic bubble has been artificially sustained for over 14 years due to excessive monetary stimulus.
- He predicts the real estate market will see significant devaluation, with housing prices potentially dropping to 2012 levels.
- Dent advises investors to consider safe bonds and Bitcoin as potential investment options during the anticipated downturn.
- Critics label Dent as a 'perma-bear,' but he stands by his analysis, citing historical precedents of bubble bursts.