Harry Dent, speicalist and financial historian, has issued a chilling warning that the rapidly inflating “everything bubble” in stocks, housing, and other assets is on the brink of collapsing and devastating the economy. He declared to Fox News Digital that “I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes,” pinning the distress to government overspending. This extreme forecast pits itself against the blockbuster stock market and current record-breaking house prices, as well as herculean crypto prices having more than doubled in worth thus far this year. Dent proclaimed a market tumble to 1929-32 depths, with the S&P 500 tanking by over 80%, average domestic homes losing half their value, and crypto sinking by 90%.
Going forward, Dent activates an alert to get out of financial gambling for a period of at least 6 months, recommending they buy-in to the market after watching the sentiment so low- as a generous “Christmas present.” Recent imposes contrary ideals of a “soft landing” to Fed discretionary proceedings of the interest rate have been dismissed by Dent. He holds pride that his weary clarion calls have held true at times in the past- for example, a 40% Robax dive of the Nasdaq Composite this August.
