Something's Got To Give
Harry Dent | August 30, 2019 | A wise man once said that if you need to take Viagra to have sex, you should know you have a low libido. And if you need to pop a second pill, then you're dead down there. That's how I feel about the global economy at the moment. Even after the aggressive tax cuts, we're slowing again back to that dreaded 2% GDP growth already. And all the flashing lights are indicating that we're heading for even more into early 2020. Look around: Germany's is falling into a recession in this quarter. Italy's already there. The retail and financial sectors have been underperforming for over a year. Home construction peaked two years ago. RV sales have come crashing down. And we're at a critical point in the stock markets, created by falling bond yields, a weak economy. We're in the dead zone, with massive government stimulus and still more planned. Trump is already talking about payroll tax cuts. That's the one thing they haven't done yet. Something's got to give. We'll either break out of this sideways range in the last month to the past highs of July, or plummet down to the lows of early June. If those tow levels are broken, then we see that 20% - 25% final rally, or first, a 20%+ correction. I'm afraid to hold my breath. There will be clearer signals soon.  | Loyal readers can save $600 on tickets to the 2019 IRRATIONAL ECONOMIC SUMMIT - Flash Sale. Don't miss the chance to discover insights from President Reagan's top economic advisor, former Federal Reserve insider, and a top China expert. For full details, click here. | Trending Stories... It's that time again – back to school season – when we have to drive a little slower, watch for flashing yellow signs that signal much higher ticket costs, put down our cell phones, and try to remember the rules on when to stop for school buses (always on your side of the road and,... I noticed this cycle right away in my research in the early 1980s: Substantial stock market bottoms have come every 20 years, and major ones every 40. That 40-year cycle would correspond to the generation waves of spending that have actually peaked 39 years apart, in 1929, 1968 and 2007. Twenty years would be half... The summer of 2008 was crazy. The credit markets were frozen and the federal government put Fannie Mae and Freddie Mac into conservatorship. And there was a presidential election coming fast. That August, the Democrats made history by nominating the first black person as a major party candidate. It happened on a Thursday night, and... RV sales are crashing at a year-over-year rate of 20% below sales for the same period last year. 2017 was the peak thus far and 2018 sales were 4% lower. Hence, this year's crash is making this look like a clear top. RVs are one of our mid-life-to-retirement sectors for Boomers. Sales used to peak... This week wasn't any easier than the last, with more chaos throughout the markets and more concerns that a recession is surely to come. So, we're at a tipping point. In the Dark Window scenario that I've been talking about for a year now, a move upward here would be way up – maybe even... | 
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