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Joe Biden’s economic policies have hurt everyday Americans.
One economist predicts it is going to get even worse.
Harry Dent said, “I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”
Dent added more, “This is the one time I’m telling you, do not listen to your financial adviser. Things are not going to come back to normal in a few years. We may never see these levels again.”
Fox Business reported:
As the clock ticks closer to 2024, one outspoken economist is making a dire predication about the markets in the new year.
“Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous state,” Harry Dent told Fox News Digital. “I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”
…
“The Roaring 20s bubble was not an everything bubble. (A) real estate barely bubble (in 2008), it was stocks and urban real estate that bubbled,” Dent said. “This is the one time I’m telling you, do not listen to your financial adviser. Things are not going to come back to normal in a few years. We may never see these levels again. And this crash is not going to be a correction. It’s going to be more in the ’29 to ’32 level. And anybody who sat through that would have shot their stockbroker.”
“That’s an 86% crash in the S&P and a 92% crash in the NASDAQ. And crypto, it’s going to be 96%. So that is a big deal,” the economist added. “And real estate, by the way, is only projected, by me, to go back to its 2012 lows… but that’s a 50% crash for the average house, which went down 34% in the last crash, more than the Great Depression, more than any time in history. That is what’s going to hurt people the most.”
Is Dent right?
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