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Harry Dent | October 04, 2019 | We're less than one week out from this year's Irrational Economic Summit, and let me tell you, we could not have picked a better place to hold this year's conference. Washington DC in the middle of this political climate? Just perfect. And we couldn't have a better keynote: David Stockman, the former Congressman and Budget Director under Ronald Reagan. His knowledge of the intersection of politics and finance is ideal for these headwinds, and I can't wait to hear what he has to say. As for what I'll have to say, well, there's plenty to be talking about. But I'm going to focus on two things: - The very unusual and atypical triple megaphone top we're seeing right now in the markets. This is the next phase of our long, slow march towards a crash that you need to get you need to get ahead on, because it's obvious to me that Wall Street won't.
- The "Trump Wild Card Scenario." Let's face it, Trump's not having a good run these days. But then again, neither are many of the Democrats. Biden's stumbling, Bernie's in the hospital. The only one who seems to have any momentum is Elizabeth Warren, which is bad news for the banks. But it won't be easy for her should she go face-to-face with Donald Trump. It never is. And Trump will do anything to hold power, so expect a few tricks. I'll forecast one next week.
A busy talk for busy times, and I'll also have a few nuggets of advice about what to do about your current holdings. More there, and in the Friday rant below.  
Harry Dent Trending Stories... The real estate industry must have the best lobbyists in the country. How else can you explain that a data-driven transaction – buying or selling a home – has become more onerous, and more cumbersome. And overall more painful even as information becomes cheaper and easier to get? These guys are protecting their turf, and... Earlier this week I read a great article by Kuppy at Adventures In Capitalism. It brought back memories of the last condo and real estate bubble in Miami… I was there. I was moving to Tampa and sold before the crash that I was nearly alone in forecasting in late 2005 . Kuppy noted that prices... I'm tired of the impeachment talk and it hasn't really started yet. With the House working on impeachment inquiries in several committees, we'll get a healthy dose of political doublespeak from everyone involved for at least the rest of this year. It's already started to crowd other stories out of the news cycle. But we... Speaker of the House Nancy Pelosi sucked all the legislative air out of the room when she formally announced an impeachment inquiry against President Trump. The charge, of course, is based on a whistleblower's allegations. This is not an impeachment proceeding, which requires a vote on the floor of the House of Representatives and directs... We woke up today to find the markets in a critical place. Bitcoin has had a big fallout, the flashing lights are blinking. All the signs that we could be headed for a big fall are in effect. But there are a few current events ongoing that the markets don't seem to be accounting for... | | | |
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