Renowned economist Harry Dent discusses the implications of prolonged fiscal and monetary stimulation on the economy in an interview with Dennis Tubbergen on RLA Radio. Dent highlights the unprecedented $27 trillion in combined fiscal and monetary stimulus over the past 15 years, questioning the sustainability of such measures given the modest 2.2% average growth rate. He emphasizes the necessity of recessions for economic health, likening them to the natural need for sleep. Dent predicts a significant downturn, driven by excessive debt and overvaluation in financial assets, forecasting a return to 2009 stock market lows and 2012 real estate prices. He criticizes the Federal Reserve's policy of preventing recessions, arguing it leads to greater economic instability. Dent advises that U.S. Treasury bonds may be the safest investment during the anticipated economic collapse, as they were during the 2008 financial crisis.
Harry Dent is internationally recognized for the accuracy of his economic forecasts and is the author of the #1 best-selling book, Zero Hour. He’s appeared on “Good Morning America,” PBS, CNBC, CNN, and Fox News. He’s been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, U.S. News and, World Report, Business Week, The Wall Street Journal, American Demographics and Omni. He is a regular guest on Fox Business’s “America’s Nightly Scorecard.”
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