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2/7/17

Global Economy: Economist Harry Dent: “This is Just the Beginning of a Nightmare Scenario as Dow Crashes to 6,000”

Harry Dent recently explained: “Nations are dealing with aging populations, bubbles based on debt, and the misguided but unrelenting belief of policy makers that if they only try one more monetary policy change, they can turn the economic tide.”

But investors are finally waking up to the fact that we are in an economic winter. With it comes a whole assortment of problems: sluggish demand, falling commodity prices, and a race to devalue currencies to boost exports at the expense of everyone else.

We should heed his warning. He is renowned for his astounding accuracy; having pinpointed nearly every major economic crash over the past 30 years… including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the impending demise of China and the fracking industry.

In his latest video presentation, Dent further details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.

“Housing prices will start to fall by as much as 40% over several years… unemployment will surge… many state and municipal governments will be forced into default…and the federal deficit will balloon to as high as $1.5 to $2 trillion,” warns Dent.

Shocking Video: The Greatest Stock Market Collapse Since The Great Depression

Read more: Critical Warning from Rogue Economist Harry Dent: “This is Just the Beginning of a Nightmare Scenario as Dow Crashes to 6,000” | Economy and Markets

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