A Critical Moment
Harry Dent | September 27, 2019 | 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 – primarily, the tremendous dip in approval ratings the president Donald Trump has recently incurred. Trump's support is imploding, and only getting worse as this situation with Ukraine worsens and his political leverage diminishes. Remember, markets didn't crash in the Seventies until Nixon's tapes were released. But there are other factors in play, including Joe Biden's fall down the polls and Elizabeth Warren's upswing in turn. There are already stories out of Wall Street about how horrified investors are of a Warren presidency. It's only a matter of time before those types of sentiments leave an impression. To me, the most likely scenario for the markets right now is for the markets to go down – way down – low enough that we see a final strong stimulus plan to re-boost the economy and get that final blow-off rally. The truth is Democrats are going to take over at some point, and likely in the next election. The markets will not like that… be prepared. We'll have more to say on the subject in two weekends at the Irrational Economic Conference, Oct. 10-12 at the National Harbor in Washington. It's really a wonderful conference, with some of the best thinkers and innovative minds I know also presenting. Get more information about the conference here, and we hope that we do see you. 
Harry Dent | Together in one room... top experts in finance, geopolitics, investing and more. Don't miss your chance to learn how you can prepare and profit from the political shifts we're likely to see over the next 18 months. Click here to reserve your seat before it's too late. | Trending Stories... I predicted in 1988 forward that the massive Baby Boom generation would peak in its spending by late 2007. Simply that 46-year lag for peak spending of the average household. That happened on cue and we've been living off of accelerating QE and now tax cuts ever since to compensate. So, with such a natural... In our 5 Day Forecast last Monday for Boom & Bust subscribers, I highlighted two scenarios – one for stocks and one for Bitcoin – that looked imminent to break up or down sharply. Well on Tuesday, Bitcoin made its break down out of a large triangle pattern that was coming to a make or... I bet you thought I was going to stomp into the minefield of gender politics with that headline, but I'm not! While I have definite views on the differences between the sexes, having raised both a son and daughters, in this instance I'm referring to something completely different… storms. Tropical Storm Imelda Wasn't Like Hurricane... Pew Research is my favorite mainstream firm, and it has just come out with results about the status of the upper, middle, and lower class in America. As you would guess, the upper class has gained ground since 1971 while the middle and lower have lost… But not as much as the top 1% and... The big news this week was that the Fed cut rates by around 25%. This was to be expected, though it's still a relatively big deal, and is something to take notice of with regard to a liquidity crisis on the way. On Monday the overnight borrowing rate for banks shot up to 10% (it's... | 
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