GoldSeek Radio interviews Harry S Dent Jr

Highlights

– Harry S. Dent Jr. outlines his financial market analysis and forecasts including US equities.

– The NASDAQ could soar to 10,000 and the Dow Jones Industrials to 33,000 assuming a US / China trade deal.

– The Federal Reserve Chairman Jerome Powell stunned investors last week with new forward guidance on rates.

– The FFF reflect a possible rate cut as soon as next month, almost 5 months earlier than anticipated.

– The EU’s central bank chief economic Minster, Mario Draghi noting that he would do “Whatever it takes…” to protect the EU financial markets.

– Economists interpreted the comments to mean policymakers will print any amount of Euros necessary to maintain the status quo.

– Harry Dent expresses concern that the traditional US stock market bubble cycle could repeat.

– The resulting bear market sending key share indexes lower by 70-89%.

– New Homes Starts have slowed but not yet declined, suggestive of sustained momentum for the time being.

– Despite the rhetoric of an echo housing bubble, the lower rate cycle could revive demand sending prices skyward.

– $17 trillion in toxic debt remains on the balance sheets of central banks and major money center banking institutions.

– Our guest expects economic collapse and runaway inflation, making gold and related PMs investments absolutely essential.

– The duo both support the idea of holding a modicum core position in a broad basket of cryptocurrencies as a shield.

– Key takeaway: Harry S. Dent Jr. is bracing for what his models suggest could be an abrupt and unanticipated US financial market correction where unwary investors lose 42% in value with little time to react.

Harry S. Dent Jr. outlines his financial market analysis and forecasts including US equities, noting the NASDAQ could soar to 10,000 and the Dow Jones Industrials to 33,000 assuming a US / China trade deal calms the tariff skirmish. Following comments from the US President, “… rates should be cut by 1%…” the Federal Reserve Chairman Jerome Powell stunned investors last week with new forward guidance on the benchmark overnight lending rate, which promptly shifted sentiment at the Chicago Mercantile Exchange’s Fed Funds Futures contracts to reflect a possible rate cut as soon as next month, almost 5 months earlier than anticipated. The Fed’s colleagues also refuse to liquidate the debt bubble with the EU’s central bank chief economic Minster, Mario Draghi noting that he would do “Whatever it takes…” to protect the EU financial markets, interpreted by economists to mean policymakers will print any amount of Euros necessary to maintain the economic status quo. Harry Dent expresses concern that the traditional US stock market bubble cycle could repeat once the peak is firmly in place, resulting in a bear market sending key share indexes lower by 70-89%. Turning to the domestic housing sector, the New Homes Starts indicator has slowed but not yet declined, suggestive of sustained momentum for the time being. Despite the rhetoric of an echo housing bubble, the lower rate cycle could revive demand sending prices skyward. $17 trillion in toxic debt remains on the balance sheets of central banks and major money center banking insitutions, acquired during the Great Recession of 2008-2009, hanging as a Sword of Damocles over the global economy. Our guest expects this risk to amplify the risk of economic collapse and runaway inflation, making gold and related PMs investments absolutely essential for financial survival and security in the coming years. In addition, the duo both support the idea of holding a modicum core position in a broad basket of cryptocurrencies as a shield against potential currency risks; both assets offer a true “free lunch” for investors by balancing the overall portfolio beta value. Key takeaway: Harry S. Dent Jr. is bracing for what his models suggest could be an abrupt and unanticipated US financial market correction where unwary investors lose 42% in value with little time to react.

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GoldSeek Radio interviews Harry S Dent Jr