Stimulus Shock Harry Dent | December 06, 2019 | I'm back in Puerto Rico after my near month of travel to Australia and then New York, and while I'm still exhausted, I'm glad to be back in the saddle and catching up on the news. And let me tell you: The news has not been good. Let's look at government stimulus… have you seen these figures lately? How can people not get the simple fact that no matter how much stimulus we're dealing with, we keep slumping backwards. I mean, look at these numbers: 2% growth in the U.S., 1% in Europe, 0% in Japan. How can people not see that something is wrong here? We should be at 8% with this kind of stimulus. We've been declining, and we're filling that decline with Quantitative Easing. And that, my friends, is a recipe for long-term disaster. So that's at the top of my craw this week, but there's a whole lot Dent Research senior research analyst Dave Okenquist and I had to cover in my return to the Rant saddle. Markets, stock buybacks… the whole nine yards. But the biggest things are these stimulus packages and the consequences we'll face as a result of the propping up the government's been doing to save face. Buckle up. Harry Dent Trending Stories... Every year I participate in a college football pool. There are 30 lawyers and me. I love college football. Or rather, I love the idea of the sport. I like the notion of pulling for your alma mater or hometown team, all the young people excited to be part of a group, and the unpredictable... One of the main themes of my book, Zero Hour was that we are in a period of political and social revolution, the likes of which we haven't seen since the late 1700s, with the convergence of democracy with the American Revolution; free market capitalism; and the Industrial Revolution… 1776 was the year all three... Seven or eight years ago, I gave a speech in L.A. for a friend of mine, Chris Cordoba. Afterwards, we went out to dinner with some of his friends. They asked economic questions, and eventually the conversation turned to concerns about hotspots around the world. I had one big worry… the relationship between China and... Here in late 2019, the 45-year tech cycle is converging on the last top back in late 1972. More important the 90-year Super-Bubble Cycle is converging on that infamous late 1929 anniversary. The crypto/bitcoin hype cycle is also right about where the internet was before the first tech crash, from early 2000 into late 2002.... I just got to New York after two weeks in Australia, and while I'm glad to be back on American soil, I'm still a bit frazzled and jet-lagged from the long flights. So we weren't able to record a rant today. We'll be back with those next week. In its place, I had our video... |
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