Harry S. Dent, Jr., best-selling author and economist, shares his views of the economy and the financial markets, giving viewers an update since the publication of his latest book, budurl.com "The Great Depression Ahead" budurl.com The book was written in the summer of 2008 and released January 2009.
Harry Dent May 2009 Update
Posted by admin on May 13th, 2012
Posted in Depression Videos 
Hmm.....
sell them now. cash will get scarce and gold will be sold.
There will be one more bubble. The bubble in the dollar. Dollar mania is coming.
New update! Please!
So do I. I also believe in Rudolf the reindeer.
What happened to Dow 40,000, wait Dow 32,000, Wait Dow 25,000, wait Dow 15,000...
Now great depression!
I listen to Den't videos when I wan to have a hearty laugh!
It is happenning, watch these videos:
/watch?v=DlGgI6z-fQA
/watch?v=4m75VTHEzcA
/watch?v=YPXncTuwFIE
This is OCTOBER.
Please Update.
Oh!
BTW ... Congrats, Mr. Dent, on your DOW call.
We topped @ 9829, and we're headed down.
when is your next update?
I hear so many people saying that we'll not see a Depression. I do! But, okay I'll go along with you for a spell. What do you suppose is next? Just look at the economics in terms of unemployment rate, falling GDP, continued foreclosures from the opt-arm era into 2013. What do you think is next? The artificial Stimulus and Cash For Clunkers are merely band-aids that don't even work. What a joke!
what about precious metals ?
Also, "The Next Great Bubble Boom" was written in 2005 as opposed to 07. Schiff is awesome. As of right now he's had a pretty correct synopsis but wrong strategy as his companies fund is down considerably. He is long term 4 his clients. I just don't think that is feasible with the current turmoil. Not sure how people could stomach it. I'd rather ride the waves & get off like Bob Precther has been pretty much doing by going from being short to long in March back to short & cashing out of stocks.
If you read HS Dents book, "The Next Great Bubble Boom" you would of learned of his belief of a depression coming towards the end of this decade and into the beginning of the 2010's. He certainly did not jump onto any band wagon as they have totally different reasons for the depression.
The inflationary boom is just getting started. China's economy is starting to boom again not because of US spending but due to Chinese spending. Chinese are taking out loans from US Banks in US dollars. Brilliant! The dollar is sure to head south as the US debt spending is unsustainable. Hell, 1/3 of the US tax revenue this year will be used to service just the interest on the current debt.
GO ON..
After each short slump, the other day will rebounce twice of the slump of yesterday's. Most people who bought H-Shares (China stock listed in HK stock exchange) had earned in "times".
The property market are soars for 5% EVERY month from April of this year (2009), regardless the unemployment rate, non-domestic export still at low level.
Every thing drives me to suspect that whether the "great depresssion" will really be "ahead" or the "great depression" had been a past tense.
I am starting to suspect the correctness of the book. I am a stock trader in Hong Kong. In the recent 5 month, the Major index (HengSeng Index) rebounced for more than 60% for the known lowest point.
And now, everyday the investors are yelling for "go go go..." and the sentiment in the market are hotly optimistic.
continue at next post...
Good afternoon Harry,
Thank you for the update. I agree with your prediction and unfortunately many people will be caught in the market again holding securities and will suffer yet again down the road. Keep up the great work.
He also predicted the dow would hit 20000 in 2009
If i´m not wrong Dent predicts high inflation in 2010 that would lead to deflationary depression. Maybe is the 70s-80s vicious circle again: high inflation, the Fed rises interest rates, crisis, inflation goes down, a few years later is high again, the Fed rises interest rates...
PD: Sorry for my english
Anyone know if in his newsletter, he's advised to sell stocks now that it's July?
Didn't quite make it to his 10,000 on the Dow target.
The book value on the Dow is like 3100. Anyone who thinks going to 3800 is absurd is misinformed.
wut about gold/silver?? get out??
book publisheed in Dec 2008, (dont give me that May 08 garbage), peter schiff published mid 2007 or earlier, Dont know who's 100% correct yet, but edge to Peter, everyone else jumpi n on wagon, nonetheless, he sounds like he knows wut he's talki about
Love It, "sell your stocks and real estate" Mhahhahhah, as if it matters when all you care about is keeping your job, lose that and you'll be burning his book to keep warm and cook your food.
That doesn't make sense.If you don't have a strong economy to back up the money your printing then the money is worthless.Thats like borrowing money from a bank when you have no corraterral to back up the loan.The worst of this economy is just begining.
rudy, totally agree with you. Dents call on the market going to 3800 is a little absurd. Dow 6,000, i think so, but not lower. If the market gets to 7,000 the fed will just print money and buy stocks. Its all a ponzi scheme. This isnt the America of the 1930's, this is the America of Goldman Sachs and political fraud. Just look at zimbabwes stock index. Its up like a million percent due tomoney printing.
No. The great depression had 25% unemployment, at the worst point this recession had like 10%.