Crisis Unavertable
Harry Dent | September 06, 2019 | The markets rallied a little on Thursday, up 400 points on the Dow. But Friday's jobs report was low, and we're not seeing any indications that we'll be getting off this collision course with a recession any time soon. Even with the 400 points, it'll still take a climb up to 28,000 for me to believe we're breaking into this final Dark Window rally I've been talking about for the past year. Recession calls were not as loud this week, but we're continuing to see slowing everywhere – in countries and in industry. Housing and construction indexes are trending down, RV sales, retail, financials… We'll need to watch what the Donald does. He'll certainly try something, and many say his next effort will be to distribute money directly to consumers. But that's a band-aid, and hardly a sustainable one at that. By late 2020-21, we'll be in a recession for sure, though I still think we'll be in it by mid-next year. A crisis is coming, and for me, the sooner the better. Time to get it over with.  VISIT ECONOMY & MARKETS » | Would You Like To See Harry In Person? Right now, readers can now get $600 off tickets to Dent Research's premier event of 2019, the IRRATIONAL ECONOMIC SUMMIT. Over the course of 3 days, you'll hear from popular DC insiders and Wall Street's brightest analysts about where to invest, where NOT to invest, how to protect your wealth, and how to navigate your business and investments through the chaos. You'll discover insights to profit from the ground-breaking shifts over the next 18 months from top experts - including the entire Dent Research Team, 'Father of Reaganomics', David Stockman, former Federal Reserve Insider, Dr. Lacy Hunt, China expert, Gordon Chang, and more. Given the incredible lineup of speakers for the 2019 Irrational Economic Summit, this is shaping up to be our best live, in-person summit EVER — by a long shot! Reserve Your Seat Today and Save $600 CLICK HERE for Full Details | Trending Stories... Two things should be obvious: We are in a totally artificial recovery due only to global printing of $13 trillion and more recently, tax cuts; and this is now the longest rally and economic recovery in U.S. exceeding 10 years. There has been a recession every 10 years since I was a kid: 1962, 1970,... The yield curve first flirted with inversion earlier this year. That occurred clearly recently when the 2-year Treasury bond yield crossed below the 10-year, and it has done that further more recently. But that indicator can lead by nine months to 22 months. And Treasury bond yields have been so manipulated in the last decade... The Labor Day Weekend is over, marking the end of summer. Now we can get on to the next holiday in line… Christmas. We used to concern ourselves with a few calendar markers over the fall, like Halloween and Thanksgiving, but current thinking renders these holidays obsolete. Christmas is the Sole Survivor Halloween celebrates evil... I grew up in the Florida Panhandle, then moved back there for 12 years as an adult with children. I love the water and the scenery, as well as the tropical weather. I can do without the lines. I'm not talking about Disneyworld; we didn't spend time there. I'm referring to the grocery store, the... A wise man once said that if you need to take viagra to have sex, you need to know you have a low libido. And if you need to pop a second pill, you need to know you're dead. That's how I feel about the global economy at the moment. We've been in a significant... |
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