Live from Australia Harry Dent | November 22, 2019 | As you know, I'm on the road in Australia at the moment, handling a few speaking engagements for my readers in fans Down Under. I always love coming here and recently have tried to do it about twice each year, and it never fails to impress or reinvigorate me. So thanks, Australia, for being lovely hosts. Of course, I still needed to make time to check in with you and talk a bit about the markets. Australia's in bubble city too right now, and we're seeing the indications firsthand. It's the second most overvalued city in the world in terms of real estate, and that's alarming. In general, real estate is going to need to get down to reality – and soon. By the way, I'll be skipping the rant next week, traveling back to the U.S. and then celebrating Thanksgiving. Instead, I've got my editors cutting some interesting interviews from this year's Irrational Economic Summit, so stay tuned for that. Harry Dent Trending Stories... If you think Social Security is a genuine, albeit compulsory, retirement program, then you haven't read the fine print. Most of us have to put money in over our working lives, and then get the privilege of applying for benefits when we reach age 62 or later (somehow, Congress saw fit to exempt federal employees,... A reader recommended I adapt an excerpt from April's Leading Edge that discusses the seven laws of cycles. These are guiding principles by which I abide at all times when performing research and forecasts. 1. All of history and progress is exponential not linear, as knowledge and learning build on itself as in compound returns... If you're looking for free drinks and new friends, loudly discuss your support for the Second Amendment. If you'd rather engage in colorful discourse and potentially continue the conversation outside, bring up your views of much-needed gun control and the possibility that the framers of the Constitution didn't mean for every house to have the... The tech stocks are likely to have either a final blow-off rally into early 2020, or a bigger correction followed by a final rally to new highs into mid-2020. So, what's the best way to play that? Everyone's been buying the FAANGs or leading tech stocks (Facebook, Amazon, Apple, Netflix, and Google), or simpler, just... I'm on my way to Australia today. Well, I left yesterday, but travel takes so long from Puerto Rico that it'll take me at least two days to get there. (And I don't mess with trying to comprehend the international date line until I've landed!) Anyway, I'm going to Australia for some speaking engagements, as... |
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