{"id":66394,"date":"2023-12-21T10:08:13","date_gmt":"2023-12-21T15:08:13","guid":{"rendered":"https:\/\/olduvai.ca\/?p=66394"},"modified":"2023-12-21T10:08:13","modified_gmt":"2023-12-21T15:08:13","slug":"this-is-off-the-charts-economist-claims-2024-will-bring-biggest-crash-of-our-lifetime-in-us","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=66394","title":{"rendered":"“This Is Off The Charts”: Economist Claims 2024 Will Bring ‘Biggest Crash Of Our Lifetime’ In US"},"content":{"rendered":"
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“This Is Off The Charts”: Economist Claims 2024 Will Bring ‘Biggest Crash Of Our Lifetime’ In US<\/a><\/h3>\n<\/header>\n
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An economist who focuses on consumer spending has issued a dire warning about the U.S. economy in the coming year.<\/p>\n

“Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact<\/strong>,” economist Harry Dent told Fox Business on Dec. 19. “This is off the charts, 100 percent artificial, which means we’re in a dangerous state.<\/strong><\/p>\n

“I think 2024 is going to be the biggest single crash year we’ll see in our lifetime.<\/p>\n

“We need to get back down to normal, and we need to send a message to central banks,” he said. “This should be a lesson I don’t think we’ll ever revisit. I don’t think we’ll ever see a bubble for any of our lifetimes again.”<\/p>\n

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A trader looks over his cellphone outside the New York Stock Exchange in New York on Sept. 14, 2022. (Mary Altaffer\/AP Photo)<\/em><\/figcaption><\/figure>\n

As Jack Phillips reports at The Epoch Times<\/a>,\u00a0<\/em>Mr. Dent, who owns the HS Dent Investment Management firm, told the outlet that U.S. markets are currently in a bubble that started in late 2021 amid the COVID-19 pandemic.<\/p>\n

“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,” he said.<\/p>\n

“It’s going to be more in the ’29 to ’32 level. And anybody who sat through that would have shot their stockbroker<\/strong>,” Mr. Dent said, making references to the stock market crash in 1929 that led to the Great Depression throughout the 1930s.<\/p>\n

“If I’m right, it is going to be the biggest crash of our lifetime, most of it happening in 2024. You’re going to see it start and be more obvious by May.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

“This Is Off The Charts”: Economist Claims 2024 Will Bring ‘Biggest Crash Of Our Lifetime’ In US An economist who focuses on consumer spending has issued a dire warning about the U.S. economy in the coming year. “Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[124,195,303,4726,538,827,3650,4318],"class_list":["post-66394","post","type-post","status-publish","format-standard","hentry","category-economics","tag-central-banks","tag-debt","tag-fed","tag-harry-dent","tag-money-printing","tag-united-states","tag-us-federal-reserve","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66394"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66394\/revisions"}],"predecessor-version":[{"id":66395,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/66394\/revisions\/66395"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}