Harry Dent Jr. Says Deflation, Not Inflation
Harry Dent Jr. of HS Dent Investments discusses near-term and long-term economic trends on Gold Seek Radio June 6, 2009.
For investors banking on inflation as the long-term trend in the USA, consider cyclical economist Harry Dent’s analysis and thoughts. Harry Dent suggests that credit is being destroyed at such a rapid rate that the money printing engaged in by the Federal Reserve will not result in inflation for the US Dollar, but rather, a severe deflation that will effect all asset classes, including real estate and gold!
For inflationists, this may not be what you want to hear, but it is well worth considering what Harry Dent has to say. In the early 90′s, Dent predicted the boom that eventually led to the bust of the tech bubble and the boom in real estate. In 2005, his book “the Next Bubble Boom” discussed the coming collapse of financial markets, real estate and commodities – yes, commodities, which Dent suggests will come crashing down in late 2009 to mid-2010.
Prepare to have your ideas of the economy turned upside down, and then, subscribe to Harry Dent’s monthly economic forecasts to stay up to date.
Listen to Harry Dent on Gold Seek (Fast Forward to theÂ 60th minute to hear Harry Dent):
source: Gold Seek Radio
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Date: June 18th, 2009
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