Harry Dents Stock Market Crash Prediction

[cronus]

http://moneymorning.com/2013/01/10/is-h ... -it-seems/

Harry Dents Stock Market Crash Prediction

Economic forecaster Harry Dent just made another dire prediction, and investors should hope he's wrong.

Dent, bestselling author and financial newsletter writer, told CNBC Tuesday that he sees a stock market crash in the United States starting in the third quarter of 2013 and continuing for a year and a half.

Dent said real estate prices and stocks would plummet more than 60% by the end of 2014, or sooner, meaning the Dow Jones Industrial Average would fall below 6,000. He also said the United States would be close to bankruptcy by then.

Dent cited U.S. demographic shifts and the nation's debt crisis as the main drivers of a crash. He said had it not been for the U.S. Federal Reserve's recent moves to stimulate the economy, the stock market would already have collapsed.

"We call this the economy in a coma," he said. "Basically, without these trillions of dollars of stimulus, we would be in a downturn, in a depression, because we also have $42 trillion in private debt, the greatest debt bubble in history, and that needs to unwind."

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[Gawdzilla Sama]

When I saw "hairy dents" I half hoped...

[Audley Strange]

Hey parody dudes, I can't be assed but...

Harvey Dent.

Harry Dean Stanton.

YW.

[Jason]

I read the title as Harvey Dent anyway. Heads the economy recovers, tails it dies.

[JimC]

When making predictions about a variable affects that variable, we know we're in economics woo land...

Or it's all fucking quantum...

[cronus]

I look at like this. The oil isn't becoming more plentiful and turbulent flow isn't good for a car engine either.