2215: We Are Doomed | Insights on the Coming Economic Collapse with Harry Dent Part 1
Description
Jason expressed skepticism about Harry Dent's predictions and emphasized the importance of looking at real data rather than relying on trends or assumptions. He discussed the current state of the housing market, the benefits of moving to a lower cost of living area, and the potential for future changes in housing prices. Jason also introduced a monthly masterclass on Northwest Indiana, encouraged attendees to register for one-on-one discussions, and hinted at future sessions on asset protection.
Today Jason welcomes Harry Dent, a renowned economic forecaster, discussed the prolonged economic bubble. He emphasized that the current bubble, driven by massive government stimulus and money printing, is unprecedented in its longevity—three times longer than historical bubbles. Dent believes the bubble, which should have burst by 2021, has been artificially extended due to ongoing government intervention. He predicts the bubble will pop soon, with financial markets starting to crash in 2024, reaching their lowest point by 2026-2027. He warns that both stock and real estate markets are significantly overvalued, leading to a painful economic downturn.
#HarryDent #EconomicBubble #FinancialCrisis #StockMarketCrash #RealEstateMarket #GovernmentStimulus #GreatRecession #InflationCrisis #FinancialAssets #InvestmentRisks #EconomicOutlook #MarketCrashPrediction #BubbleBurst #RealEstateBubble #Economy
Key Takeaways:
Jason's editorial
1:28 Hurricane Helene and the rising costs of housing
2:55 Join our Zoom meetings EmpoweredInvestor.com
4:08 Harry "doomer" Dent and the problem with reading "trends"
6:30 Article: housing demand firming up with lower mortgage rates
8:02 Chart: Total Home Sales Contracts Pending
8:28 Buying Power and Sensitivity and the 11 million illegal immigrants
10:59 Affordability
12:47 Crash bros, the democrats and the Socialist Republic of California
15:20 August 2024 Real House Price Index Highlights
19:47 A Cautiously Optimistic Outlook
21:16 Join our Wednesday Zoom meeting! JasonHartman.com/Wednesday
Harry Dent's interview part 1
23:08 Harry in Puerto Rico
24:18 A "permanent plateau of prosperity"
30:52 Are we in a bubble
33:14 A timeframe for popping bubbles and what it looks like
36:14 Real estate crash
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