only when it fits their narrative. They love to push people going the direction they want. They only care for what you say when it agrees with everything they say.
When an economist talks about the next generation of Americans lacking real estate growth potential, and your response is "you lost me at poor millenials" shows a severe lack of foresight (not that's to be expected from Fox news). I can't think of a time in history when the future of the world our children will inherit is so potentially dire and bleak, and yet our response to long term economic and climate trends essentially surmounts to "they'll figure it out". This extreme lack of shame and responsibility is a burden we all bear, and passivity on matters of this sort really doesn't emanate in the sort of progress that we should be aiming towards.
Ian Johnston You’re right! These reporters are living in a bubble, in a temporal loop... they still think they are in the ‘80s... They are laughing like clowns before execution...
The millennial generation and those after us will rebuild this nation. We will rebuild it better than our short termed thinking predecessors. We will be better than them and will not discount the generations after us like they have done to us. We will be the ones who make this world better. And we are young. We are growing and those before us are aging more and more with every passing day. Eventually the ones who grasp so tightly onto their power will lose it as time creeps up on them. And the one thing we have that they do not is simply time. In the end I hope we can make this world a better place for we know many of our predecessors do not care whether we have a future to make into a better place. I can only hope.
The kind of news anchors who are told to stick to their political talking points. Anything deviating from them should be cut off, censored. Just like any propaganda machine in history. Joseph Goebbels would be proud of Faux News if he was still alive.
"You lost me at poor millennial" What a ridiculous statement. My generation born between 81-95 now make up the greatest percentage of the workforce, a workforce with the most stagnated wages and highest productivity of any generation prior. No we can't afford to buy a house, and the fact that she chuckled about that is evident to the blinders that these wallstreet bulls wear. Cost of living and goods continues to rise, and wages are staying the same. We're in for it, and it's sad.
@@fomalhaut86 our parents generation are short sighted fools. Well if things don't change quickly our poverty and debt will bring the economy down. Maybe we can build a better system from the ashes.
Yeah sometimes my generation annoys me but there’s no question we got the short end of the stick as far as wages and cost of living. Stupid comment by an idiotic women but most of the people at fox business are ignorant shills.
So funny ain't it? We live in a nation of vampires. Eating their own young to stay fat. Unbelievable. Who they gonna fuck when everyone is poor? Then what?
Pisses me off when she bashed millennials at the end. But what do you expect from the generation that is destroying, not just our country, but the world.
k g and who do you think created millennials?? they didn't create themselves they were created by baby boomer clowns and generation x degenerates etc. and i'm 45 yrs old btw. so yes they might suck but who did the designing of them in the first place?
Generation Z are the ones who eat tide pods.... The older millennials had to live through the 2008 financial crisis, the war on terrorism ... Iraq war from 2003 to 2011. Student loan crisis.
channel-z You are so right. The baby boomers had no respect for their elders and were deceived into becoming the generation of rapists and child molesters who destroyed the lives of every generation that came after. They will live just long enough to suffer the consequences of what they did. They are the last generation. Too much tv.
@cevaiom So the federal reserve which is a capitalist institution created by private banks is ACTUALLY socialist? I guess if socialist is just a blanket term you use to describe anything that comes into conflict with your worldview and how an economy/society should function, then sure. Typical red scare nonsense.
Agreed. I'm 30 and considered a "millennial", have a great career make good money. I invest, have a 401k, save money. Still can't buy a house though unless I want to live in the ghetto. 😑 baby boomers tho, fuckers sucking up the social security and buying their homes for 20k back in the day.. oh yea we def fucked the world huh. Fuckers deserve death already.
They were trying to cut him off on purpose. I'm pretty sure he could hear them too so he kept on saying what was brought on to say. It's the way this channel does things. We don't wanna hear that so were going to talk over you.
@@Itoshimi They want to slice and dice the audio at a later time to fit their agenda then claim their point of view is the correct one because of what experts (taken out of context) said on their network. If they can't get a 5 second clip of favorable content of course they'd cut him off... Do you honestly think every news network doesn't do this? Fox is the 1 and only news network to create propaganda to drive an agenda???
"That is one end of the argument" Dude, that's the only argument here, you haven't provided any data-based argument whatsoever, it was all feels and impressions. This reporter's attitude shows a tremendous lack of professionalism. It's incredible how people prefer their side winning over the country benefiting.
Johnny Z Most of America never recovered from 2008. Most of my generation can barely afford rent from their full time job. It’s sad but we will probably never retire or own any property.
Exactly, if the tax cuts were never there and we instead had subsidies that were to only be used for R&D or reinvestment in company growth, it would’ve been far more effective. The tax cut was GREAT for rich people and CEOs to pump stocks and make a LOT of short term cash, but they are horrific for the long term growth of our economy. There are a lot of markers now that show the market is being pushed higher and higher intentionally in the short term, and now we’re at about 160% valuation... this is uncharted waters.
@@sk8erz6721 I have a tech person who designed a AI bot for me for trading Purpose..the bot keeps on saying babe we are in recession sell your house lol
I am glad that I was born in India, sixty years back,then a very poor country ( it is a LOT better now!). I lost my Dad at 9, and that made it things very difficult for the family. I UNDERSTOOD that we cannot what spend what we don't have. The Americans never really understood what thrift meant, I guess?
Actually a lot of them do... but maybe you need to go to the heartland to see it. Or the deep south. People live in hand me downs, they eat meat they hunt themselves (sometimes even roadkill), and they live strictly on cash.
Well, all I can say is it should NOT HAPPEN. Not in a country whose GDP is 20 trillion dollars. Americans is saddled with a very costly health care system, crumbling infrastructure, half a trillion or more in defence expenditure, and a whole lot of problems. The US had a very good run for nearly a century and American zest and innovativeness has to kick in to solve problems. Blaming China or immigrants or whatever is NOT going to help. Good luck, USA!:)
Not just India, but the entire world will be affected. America's strength is its technological lead in a number of areas and it is the US which brought alive entire new industries-electricity, air travel, computers, cars a whole lot. American weakness is its ability to look after its poor ( or so I feel, I am no economist poring over statistics). In my opinion, Donald Trumps is an ABSOLUTE DISASTER. He is bad for the US in the long run-not just in economics but the institutional strength of the US is being eroded-no respect for just about anything-press, judiciary, international diplomacy...nothing!
One of the biggest things about markets is that they are moderately/strongly correlated to one another. Europe and Asia are huge factors if we have an economic boom or downturn in the long term. When one side rises, everything rises and when one side falls, everything falls. The HSI and DAX indexes have been leading the markets more recently. The world is so intricately interconnected that regardless of what happens, we should see a crash within 3-5 years to return to a point that retracts us back to "normal."
5:51 Quote: "You may not be right this time." I wonder who the Fox-host was talking to, after all, he just muted the mic of his guest, so he could not respond to that last comment. Is it just me, or did the Fox-hosts sound extremely nervous?
DucksDeLucks don’t be ignorant!!! 🤦🏻♂️ nobody has a crystal ball and that’s what you are claiming. We do however have many tools available to give us an outlook of what is to come. It’s called fundamentals, stats, charts, historical data etc. If you’d have half a brain you’d understand what Dent is talking about.
In general, all that stuff is worthless because it's already factored into the price of the market. This is called the Efficient Market Hypothesis. There are a few investors who can figure out when a stock is underpriced, like Warren Buffett, but 9 out of 10 rich guys did it by inventing stuff or starting a company. If you're so smart, why aren't you rich? If you want to make money take some narrow specialty and become the world's greatest expert on it.
@@DucksDeLucks actually it's pretty easy to predict a crash especially when we are at peak valuations of all time. It's happening. It is inevitable. It's an artificial prosperity we have seen. Buy bitcoin
The reporters really didn't want to let him be honest & contradicted his professional opinion at the end. "Don't tell the people the truth or they might panic" in this artificially floated economy.
Matt Nelson These fuckers just laugh it off when he said that millennials will never be able to buy property or retire. They don’t care because most of their watchers are boomers with borderline dementia.
I've worked for several companies and they are usually poorly managed and unwittingly rely on their underpaid employees to solve problems and improve operations. The generations who have inherent wealth and influence lack the characteristic traits to gain wealth in the first place. My father was a carpenter who worked for 30 yrs and could not afford his own home. I can wait to get out of this country...smh
Not that impressive. I predicted the 2008 housing correction in 2004. I didn't expect it to take the entire economy with it, but I'm not an economist, I'm just a guy who was trying to buy a house. Houses were more expensive than what the average person with a good job could afford. Therefore, the price was destined to drop. I bet four years of renting an apartment on this idea, and I saved myself 200,000 dollars when I purchased in 2008. I don't see anything right now. But again, I'm not an economist.
Tech stocks have been inflated for some time, but they have made the earnings to score the ppe they have. They were about the only sector making the gains they were. We never fixed the causes of the GFC, we painted over them with cash and fake interest rates. A very bad move. Now we pay
The markets and the economy were in a bubble prior to the 2016 election. Trump pumped up the bubble even further. I agree with “biggest crash” but it’s just a scary term for a market correction.....just a really big one. Not like it won’t recover again.
It always recovers but people who buy into the bubble with their retirement get massively fucked over when it pops. My father is retired and is pumping his money into the market since it “just goes up and up and up”. He doesn’t have long enough to save up if another bubble pops. Is this dumb as hell and totally his fault? Absolutely. But, I can tell you, a lot of people suffer every time the bubble bursts.
Who's worse...? Dent or Schiff.? I say Dent and that says alot. I think Dent is even more angry than Schiff. Can you imagine getting out of bed each morning and being so miserable?... Pathetic....
Yes watch rates go down again and boom instant billions in the stock market for those manipulating the rates,Covert insider trading we should see who been selling off huge amounts of stock just before this rate increase,na they have it spread out over various names
Igal Avraham Javdanfar He has been saying the same shit for years . Even a loser, gets a ‘hit’ occasionally. My money has been in s&p 500 , since 12/12/2017 @ 2692 then awhile ago @ 2920, now 10/10/2018 ~2720 , great 🤔😜👎🤢🤮
"Get out early" THIS is the cause of market crashes. When people sell stock, the price of that stock goes down. Imagine what happens if everyone sold all their stocks.... You cant "avoid" a market crash by CAUSING one.
It's all just a bunch of nonsense. No economist knows what's going to happen, when,why or how much? If they really "knew" they would be billionaires themselves. It's all funny money in a gambling scheme. They just spout "words" without any real understanding of what is happening or why. They do backward analysis but not knowing if that was really the reason. Just guessing. I'm not saying I know anything, but these talking heads talk as if they KNOW. They do not.
Kirk Ryan Anyone who tells you they know for sure is a bullshit artist, that’s true. But, you can also see a lot of “warning markers”, and ignoring those would be foolish. For instance, most analysts put the stock market valuation versus total GDP at present to be at about a 160% ratio. That’s higher than at any time since stock markets started. That’s troubling.
@@JB-xl2jc Yet the stock market is at the highest point in history and no signs of it crashing any time soon. I understand what you're saying, but the predictive value is the same as the guy on the street corner with a sign that says the end is near. They've been saying it for hundreds of years. Sure, at some point something will happen and hindsight will say "See! I told you so", but that's useless. My point is that analyses and predictions are absolutely useless without an accurate time frame. Even something like which month or quarter. So far nobody has been able to say. Therefore, it's impossible to know what to do with the information these talking heads dish out. Even they refuse to give that type of advice. So in the end, it's just econobabble. Also I'm not sure what you mean by that's troubling. If the GDP at 160% were truly a problem, we would already see an economic downturn. But, nowhere in sight.... That's more of a theoretical conclusion than predictive value.
A super heated market crashes that much harder. Markets always fluctuate up and down. Why its normally kept at a 2.5 percent growth. Its was at like 4 percent or higher the last 4 quarters. So it will be a very felt fall. And that spooks investors to cashing out. Which dips it more. Then snowballs from there. Unlimited, nonstop growth is impossible. Which is what the government has been trying to do since the 70's.
The warning signs are already in place. The national debt of the two largest economies are already above the national gdp of those countries. Then you have stagnant wages and inflation of prices, which slowly but surely makes it harder for everyday people to afford things that push the market forward. Then there is the exponential growth caused by people who ride the market and a way too high confidence in the market, which will only crash once these market riders cash out endlessly. We are also beginning to see risky moves and risky loans being dealt out again, which, if we learned anything from 2008, is ABSOLUTELY a way to not make banks fail and put us into an economic depression. Of course, since less and less everyday people are investing and it’s moreso predatory investors, we must also question whether or not it will have such a big impact on the economy. One thing is certain, though: this exponential growth is not warranted whatsoever considering things have remained relatively stagnant or slow when it comes to overall evolution in the economy. The stock market is certain to crash, and we are already seeing massive fluctuations and volatility. I’d give it another 3 months before what the gentleman in the video described comes to fruition.
Harry Dent -"We predicted the housing crash months ahead of the event". Funny how us Tradesmen were sitting around the hunting campfire discussing it two years before. Think we were bugged? Our economy was always like a roller coaster and probably always will be. Too many people want quick money for nothing. That is why our economy crashes every now and then. Few people want to work or start a business from scratch anymore.
Almost three years later the stock market has set multiple new records and this guy completely missed the market. It did sink further after this video, but not nearly as much as he had predicted, and it quickly recovered. Market up over 60% since this video. This is why I was buying when this happened, and in December of 2018, and in February of 2020 and March of 2020: Always be buying. Imagine how much you'd lose listening to guys like this.
@RPGMaster2 Uncertainty due to election. Investors (especially foreign investors) are afraid Dems get control. EM are toast. US economy firing on all cylinders. Economy and stock market are two different things. It's all about confidence. If investors have confidence in a country, they will invest. Wait til after the election.
@RPGMaster2 No one can win a trade war with the US. We buy more from any country than they buy from us. Debt and QE by central banks are killing all nations, even China. The US just happens to be the best looking of the 3 ugly sisters. Bonds will crash. Then where do you run to...? Stocks. U.S. stocks. Eventually, U.S. stocks will have a major correction, but not before DOW 40K. And the DOW could go to 62k or higher before a major correction (50% or more). This Oct. high in the DOW will be taken out to the upside by year end.
Trump is just a rich kid that got to play businessman with daddy's money. He would've been richer if he just invested and let the professionals handle it. smh Tax cuts could work, but they don't. Instead, businesses just give the upper management big bonuses, which doesn't add value to the company.
Sure there are, I am. It takes a lot of skill to manage and grow wealth. What you are referring to is the million he received when he was young. You also are not taking into account his expensive lifestyle over all those years as well.
the million? oh, you're still under the assumption Trump tells the truth despite overwhelming evidence of the contrary. He got fined for taking an illegal loan from his dad through one of his failing casinos. Living beyond your means is not what I define as successful. How are you successful again?
Very cool hearing the guest just plowing through the blithering of the host. Too bad they don’t let him say what he needs to say. He sounds so urgent and folks need to hear him.
I have gone through the recessions of 1987, 1997 and 2008. The next one could be nearer than we think - possibly just round the corner! I have stopped investing and have began to pare my debts. At 69, I am less concerned about making new investments. Conserving what I have is all that matters. Hope I am doing the right thing. Best wishes to all. Thanks for reading.
didn't exactly understand harry's argument/point, anyone care to explain? All i got was market will crash soon because we just experienced a 20% correction
"I knew this was coming months in advance..." Well la de fucking da. I knew it was coming YEARS in advance, because no one I know has money to buy shit.
Every single time we have these "warnings" from "experts" nothing ever happens, we as a country have already gone through a major depression in the 20's we have taken what has happened there and learned from it if we notice the same thing happening this time around we know what to do to avoid a depression again or a crash, the thing is as long as consumers are consuming nothing is going to happen, as long as people are in jobs and they have some money to spare they're going to blow it on whatever the hell they want which is a good thing. The economy has been growing and will continue to grow until either someone raises taxes again, or consumers stop buying goods.
One other thing can cause a crash: International actions on behalf of nations or banks. Both the sovereign debt crisis in Italy and Spain, as well as the derivative balance sheet at one of several big banks, can contagion and bring the economy to its knees. None of that has to do with raising taxes or consumer purchases.
Don't blame the increase in interest rates. It's the long-term LOW interest rates that fucked everything up, creating this totally fake boom that will crash at the slightest whiff of interest rates being raised to even half of what has been historically normal.
Did I hear that correctly... after a bubble (the most recent drop in stocks), within 2-3 months we can expect to see (based on previous crashes) a 40%drop? So by Jauary February?
He wasn’t talking over you. You were talking over him. Shut up and let him speak.
Hahaha
Jeff Silverberg but he wasn't saying what he wanted to hear.
let him finish dammit
James Irwin hahahahha exactly
americans never shut up
Damn it, reporters need to learn to shut up and let the people they interview speak!
Usually they do that when they don't want you to say something
These are not reporters, they are puppets. They spew whatever people that pay their salary need them to say
only when it fits their narrative. They love to push people going the direction they want. They only care for what you say when it agrees with everything they say.
His condescending dismissive attitude is insulting, he should be professional and let the expert talk and not interrupt.
Right on Cesar. How is it that so many reporters think they are "experts".
Imagine inviting someone to talk and then constantly talking over him and cutting him off.
Fox Muse every episode. They're a sitcom.
That's pretty much the Bill O'Reilly Show when he has democrats over for talks.
he's gotta get his questions out first
radizor
Welcome to Fox “news”
No need to imagine - just watch it here
Guy is trying to inform the public and you guys break out laughing because he said "poor millennial". The only joke here are these reporters.
WHat do you expect from FOX? Idiots on the right wing....
Not all right wing media is like this... ben shapiro prager u are good. This guy is a piece of shit not letting the guy talk...
Mendel S17 Prag U is straight up propaganda like how do people choose such blunt brainwashing.
99.9 percent of the people I stated are correct.
@@foto21 socialist are even dumber
When an economist talks about the next generation of Americans lacking real estate growth potential, and your response is "you lost me at poor millenials" shows a severe lack of foresight (not that's to be expected from Fox news). I can't think of a time in history when the future of the world our children will inherit is so potentially dire and bleak, and yet our response to long term economic and climate trends essentially surmounts to "they'll figure it out". This extreme lack of shame and responsibility is a burden we all bear, and passivity on matters of this sort really doesn't emanate in the sort of progress that we should be aiming towards.
There's a reason they're called the selfish generation. A lot of good people in the generation but overshadowed by people like her.
we'll just vote for socialism. Dent is right. Low wages + no house = we don't like capitalism.
@@jaysonp9426 yea, because they needed to make up an excuse for why the older generation is "eating" the younger generation.
Ian Johnston You’re right! These reporters are living in a bubble, in a temporal loop... they still think they are in the ‘80s... They are laughing like clowns before execution...
The millennial generation and those after us will rebuild this nation. We will rebuild it better than our short termed thinking predecessors. We will be better than them and will not discount the generations after us like they have done to us. We will be the ones who make this world better. And we are young. We are growing and those before us are aging more and more with every passing day. Eventually the ones who grasp so tightly onto their power will lose it as time creeps up on them. And the one thing we have that they do not is simply time. In the end I hope we can make this world a better place for we know many of our predecessors do not care whether we have a future to make into a better place. I can only hope.
Really he is the expert and they can’t even listen. God what kind of news anchors are they?
The kind of news anchors who are told to stick to their political talking points. Anything deviating from them should be cut off, censored. Just like any propaganda machine in history. Joseph Goebbels would be proud of Faux News if he was still alive.
Fox news anchors.
Egotrippiez 😎
"You lost me at poor millennial"
What a ridiculous statement. My generation born between 81-95 now make up the greatest percentage of the workforce, a workforce with the most stagnated wages and highest productivity of any generation prior.
No we can't afford to buy a house, and the fact that she chuckled about that is evident to the blinders that these wallstreet bulls wear. Cost of living and goods continues to rise, and wages are staying the same. We're in for it, and it's sad.
It concerns millennials allover the World. We are "the lost generation".
@@fomalhaut86 our parents generation are short sighted fools. Well if things don't change quickly our poverty and debt will bring the economy down. Maybe we can build a better system from the ashes.
Yeah sometimes my generation annoys me but there’s no question we got the short end of the stick as far as wages and cost of living. Stupid comment by an idiotic women but most of the people at fox business are ignorant shills.
So funny ain't it? We live in a nation of vampires. Eating their own young to stay fat.
Unbelievable.
Who they gonna fuck when everyone is poor? Then what?
Dylan George you lost me at highest productivity lol.
It not a crash.......it is a correction to reality!!
TheRetiredtrucker Buy silver now!!!!
no its not, car industry is tho
Exactly
I hate to burst everyone's bubble but money has no value, only debt
KEK
Boy Foxnews sure don’t like listening to facts do they.
Trump supporters do not want facts, they want fantasy.
Liberals over exaggerate facts and jump to the extremes kinda like a scared child
Dawg Bounty Hunter how do you over exaggerate a fact?
They don't need no stinking Facts !
kyle stewart Fact is fake news.
Ive done the biggest Market Crash in history. No president has done bigger than me.
@@illiamway9542 You're nothing. I know a bunch of people who say I am the biggest ever.
That probably is Trump's plan. During the housing crisis he said it was great because he could buy up cheap assets. I think that's his plan here, too.
@@lukegallagher9573 i am a Republican.
"I can tell you that"
@@lukegallagher9573 the tax cut caused the stock market to dip
Horrible interview! Why get people on if you're going to try to talk over them???
They did us a favor. Thank God they cut him short.
@Diane Bailey because they didn't like what he was saying about Trump and the tax cuts
When it doesn’t fit your narrative....
Pisses me off when she bashed millennials at the end. But what do you expect from the generation that is destroying, not just our country, but the world.
k g
and who do you think created
millennials?? they didn't create themselves they were created by baby boomer clowns and generation x degenerates etc.
and i'm 45 yrs old btw.
so yes they might suck but who did the designing of them in the first place?
Generation Z are the ones who eat tide pods.... The older millennials had to live through the 2008 financial crisis, the war on terrorism ... Iraq war from 2003 to 2011. Student loan crisis.
channel-z You are so right. The baby boomers had no respect for their elders and were deceived into becoming the generation of rapists and child molesters who destroyed the lives of every generation that came after. They will live just long enough to suffer the consequences of what they did. They are the last generation. Too much tv.
@cevaiom So the federal reserve which is a capitalist institution created by private banks is ACTUALLY socialist? I guess if socialist is just a blanket term you use to describe anything that comes into conflict with your worldview and how an economy/society should function, then sure. Typical red scare nonsense.
Agreed. I'm 30 and considered a "millennial", have a great career make good money. I invest, have a 401k, save money. Still can't buy a house though unless I want to live in the ghetto. 😑 baby boomers tho, fuckers sucking up the social security and buying their homes for 20k back in the day.. oh yea we def fucked the world huh. Fuckers deserve death already.
let the man speak. wow.
They were trying to cut him off on purpose. I'm pretty sure he could hear them too so he kept on saying what was brought on to say. It's the way this channel does things. We don't wanna hear that so were going to talk over you.
Testy Out it was recorded audio they were never talking to Harry in the first place lol watch closer things aren’t as they seem
It's Fox. Pure propaganda.
@@Itoshimi They want to slice and dice the audio at a later time to fit their agenda then claim their point of view is the correct one because of what experts (taken out of context) said on their network. If they can't get a 5 second clip of favorable content of course they'd cut him off... Do you honestly think every news network doesn't do this?
Fox is the 1 and only news network to create propaganda to drive an agenda???
"That is one end of the argument" Dude, that's the only argument here, you haven't provided any data-based argument whatsoever, it was all feels and impressions. This reporter's attitude shows a tremendous lack of professionalism. It's incredible how people prefer their side winning over the country benefiting.
Tax cuts went to stock buybacks. Doesn't help companies grow.
We're in a recession right now. Masked by stock buybacks.
Johnny Z Most of America never recovered from 2008. Most of my generation can barely afford rent from their full time job. It’s sad but we will probably never retire or own any property.
Exactly, if the tax cuts were never there and we instead had subsidies that were to only be used for R&D or reinvestment in company growth, it would’ve been far more effective.
The tax cut was GREAT for rich people and CEOs to pump stocks and make a LOT of short term cash, but they are horrific for the long term growth of our economy. There are a lot of markers now that show the market is being pushed higher and higher intentionally in the short term, and now we’re at about 160% valuation... this is uncharted waters.
@@sk8erz6721 I have a tech person who designed a AI bot for me for trading Purpose..the bot keeps on saying babe we are in recession sell your house lol
@@drbh6331 selling your house in a recession will make the rich richer. N you without a home.
Dent predicted the economic crash for years. He promised to change his career if there is no crash in 2016 in the US.
If the rates keep rising. Possibly, yes. The economy might not be strong enough to withstand the rates we are seeing.
Elon Mušk Trump should have left Yellen as Chair maybe. New guy needs to pull back from raising rates too fast.
Rates going up in more measured ways might avoid recession.
Yes exactly!
They bring him on the show, he speaks truth they laugh at him lol
Classic news media.
I am glad that I was born in India, sixty years back,then a very poor country ( it is a LOT better now!). I lost my Dad at 9, and that made it things very difficult for the family. I UNDERSTOOD that we cannot what spend what we don't have.
The Americans never really understood what thrift meant, I guess?
Actually a lot of them do... but maybe you need to go to the heartland to see it. Or the deep south. People live in hand me downs, they eat meat they hunt themselves (sometimes even roadkill), and they live strictly on cash.
Well, all I can say is it should NOT HAPPEN. Not in a country whose GDP is 20 trillion dollars.
Americans is saddled with a very costly health care system, crumbling infrastructure, half a trillion or more in defence expenditure, and a whole lot of problems.
The US had a very good run for nearly a century and American zest and innovativeness has to kick in to solve problems.
Blaming China or immigrants or whatever is NOT going to help.
Good luck, USA!:)
You do realize that India’s economy will be negatively affected in a large way if the US enters a recession?
Not just India, but the entire world will be affected. America's strength is its technological lead in a number of areas and it is the US which brought alive entire new industries-electricity, air travel, computers, cars a whole lot.
American weakness is its ability to look after its poor ( or so I feel, I am no economist poring over statistics).
In my opinion, Donald Trumps is an ABSOLUTE DISASTER. He is bad for the US in the long run-not just in economics but the institutional strength of the US is being eroded-no respect for just about anything-press, judiciary, international diplomacy...nothing!
@Siddesh Gannu lol i dont want a iphone you can get better for less.
One of the biggest things about markets is that they are moderately/strongly correlated to one another. Europe and Asia are huge factors if we have an economic boom or downturn in the long term. When one side rises, everything rises and when one side falls, everything falls. The HSI and DAX indexes have been leading the markets more recently. The world is so intricately interconnected that regardless of what happens, we should see a crash within 3-5 years to return to a point that retracts us back to "normal."
5:51 Quote: "You may not be right this time."
I wonder who the Fox-host was talking to, after all, he just muted the mic of his guest, so he could not respond to that last comment. Is it just me, or did the Fox-hosts sound extremely nervous?
He was telling the truth. They can't have that at Fox.
@Siddesh Gannu his supporters won't care. They will blame Obama and Hillary lol.
Harry Dent is a sham. All hype, all the time. His book The Roaring 2000s was an unmitigated piece of garbage.
1379 How much you want to bet he's shorting the market?
All these guys are BS artists. Nobody can predict the market. If they could they would be the world's richest men but they aren't.
DucksDeLucks don’t be ignorant!!! 🤦🏻♂️ nobody has a crystal ball and that’s what you are claiming. We do however have many tools available to give us an outlook of what is to come. It’s called fundamentals, stats, charts, historical data etc. If you’d have half a brain you’d understand what Dent is talking about.
In general, all that stuff is worthless because it's already factored into the price of the market. This is called the Efficient Market Hypothesis. There are a few investors who can figure out when a stock is underpriced, like Warren Buffett, but 9 out of 10 rich guys did it by inventing stuff or starting a company. If you're so smart, why aren't you rich? If you want to make money take some narrow specialty and become the world's greatest expert on it.
@@DucksDeLucks actually it's pretty easy to predict a crash especially when we are at peak valuations of all time. It's happening. It is inevitable. It's an artificial prosperity we have seen. Buy bitcoin
Harry Dent, please post a video without the annoying repoter.
Thank you in advance.
The reporters really didn't want to let him be honest & contradicted his professional opinion at the end.
"Don't tell the people the truth or they might panic" in this artificially floated economy.
It was done 1.5 years ago and I just watched it today.(March 19 2020)
He was awesome. Exactly telling the truth. 🤔🤔😑😑
When workers are in short supply, wages must go up. If that crashes the market, something more resilient will have to take its place.
This should have been handled in 2008 they just made it worse.
Let dent talk, stop talking over him
Matt Nelson These fuckers just laugh it off when he said that millennials will never be able to buy property or retire. They don’t care because most of their watchers are boomers with borderline dementia.
They’ve been saying this for the past 50 years. Anyone who has held on has made great returns
Thanks Harry for sticking to your narrative and not allowing the Nazi to Manipulate you!!! Much Appreciated!!!!
3:16
Don't talk over the guest.
A market collapse means 40% down by December or January.
Looks like Harry's call was pre-record. 😂
Fox *actually* uploaded this? Are they trying to flaunt their ignorance??
They have been calling a crash since 1895 ..eventually someone will be correct.
I've worked for several companies and they are usually poorly managed and unwittingly rely on their underpaid employees to solve problems and improve operations. The generations who have inherent wealth and influence lack the characteristic traits to gain wealth in the first place. My father was a carpenter who worked for 30 yrs and could not afford his own home. I can wait to get out of this country...smh
Fox talking over him and getting the cue to shut him up lol
I wish someone would have taken a bat to that reporters skull or at least tazed his ass to shut him up!
and they tell you to be positive that the world is wonderful......but you will be lucky to find a job, and you will never be able to buy a house......
Harvey Dent will be the one to do this!!
CALL BATMAN 🦇!!!!
He speaking the truth and they trying to over speak him so we won’t hear him.
If you want to know how economics works, especially projections, Harry Dent is the master!
Not that impressive. I predicted the 2008 housing correction in 2004. I didn't expect it to take the entire economy with it, but I'm not an economist, I'm just a guy who was trying to buy a house.
Houses were more expensive than what the average person with a good job could afford. Therefore, the price was destined to drop. I bet four years of renting an apartment on this idea, and I saved myself 200,000 dollars when I purchased in 2008.
I don't see anything right now. But again, I'm not an economist.
WHY CAN'T THEY MAKE ...PHONE CALLERS SOUND BETTER ....?????? WITH TODAY'S TECHNOLOGY ??????
The harry guy was simply a voice recording
Peter Schiff has been warning about this for years and once again nobody listened to him.
The news hates when it can't control the conversation.
No he can hear you.. Harry doesn’t want you talking over him. 🤦🏽♂️
I love Trump but the bias by Fox Business for Donald Trump is staggering. Economist Harry Dent was right on every point.
I don’t buy it we have had more market corrections in the past 2 years
Tech stocks have been inflated for some time, but they have made the earnings to score the ppe they have. They were about the only sector making the gains they were.
We never fixed the causes of the GFC, we painted over them with cash and fake interest rates. A very bad move.
Now we pay
Wow Fox Business trying to scare their audience in another way... This is low.
WHEN will it crash, or should we be saying #RESET.
Soon we will be heading back to stone age
The markets and the economy were in a bubble prior to the 2016 election. Trump pumped up the bubble even further. I agree with “biggest crash” but it’s just a scary term for a market correction.....just a really big one. Not like it won’t recover again.
It always recovers but people who buy into the bubble with their retirement get massively fucked over when it pops. My father is retired and is pumping his money into the market since it “just goes up and up and up”. He doesn’t have long enough to save up if another bubble pops.
Is this dumb as hell and totally his fault? Absolutely. But, I can tell you, a lot of people suffer every time the bubble bursts.
@@JB-xl2jc Donald Trump and his friends WON'T Suffer!
@@JB-xl2jc it's bursting
Farmer Jimmy I forgot I wrote this comment. I don’t think it has burst quite yet. But I bet it will.
@@JB-xl2jc ya can't see it going beyond 20/20
Fed raising rates will crush market and High Inflation will finish off the American Dream. That's all it ever was. A dream
3rd bubble is here! The 1st is dot com. The 2nd is mortgage. The 3rd is credit!
He is right, the economy is going to crash in a couple of years
days ...
@Badger Lowe look around. everything is falling a part!
Weeks 😁😁😁
InterTalks 1908
They said it’s going to be on 4-14 May 2020
Yay end of imperialism!!!
Harry Dent.....a fear porn king. Great economist? 😂😂😂😂😂😂😂😂
Young Blood fear porn 🤣ROFL I think I'm gonna steal that if you don't mind. 😇
Stupid reality porn!
Who's worse...? Dent or Schiff.? I say Dent and that says alot. I think Dent is even more angry than Schiff. Can you imagine getting out of bed each morning and being so miserable?... Pathetic....
But.... but.... the record highs. All this winning.
stock markets are awesome for middle class. If they grow you get nothing if they fall you may loose your job.
Obama.
The global economy is crashing, The top GDP countries are piling up debts, Our banking systems are flawed.
oh my fox is even worse than before. What an ignorance...
You just watch...if it crashes spanky will blame it on someone else :D
LOL, the guy predicts a crash on a weekly basis. He's right like 1 out of 600 times
"Let me invite on an expert so that I can tell him what is REALLY happening....I am so smart."
- Clown Host
" I said multiple times how great deregulation is . Why don't he agree? Lets talk over everything he says so nobody can hear him disagreeing"
That's right, Fox. Just keep smiling and cut the feed when you feel it getting a little too real.
Miss Madeleine letitia is legit and her method works like magic I keep on earning every single week with her new strategy
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Madeline
wow I'm just shock someone mentioned and recommended expert Miss letitia I thought I'm the only one trading with her
you don't need to be shock because I'm also a huge beneficiary of expert miss latitia
has been handling my account for years now
indeed she's an expert
Ok, Trump twittered today that the market will collapse if he's not re-elected in 2020. Not anything new I see.
Harry from dumb and dumber ? 🤷🏻♂️🤣😂😂he been saying this for the past 10 years. I say this market is rigged and been rigged
Yes watch rates go down again and boom instant billions in the stock market for those manipulating the rates,Covert insider trading we should see who been selling off huge amounts of stock just before this rate increase,na they have it spread out over various names
Igal Avraham Javdanfar
He has been saying the same shit for years . Even a loser, gets a ‘hit’ occasionally. My money has been in s&p 500 , since 12/12/2017 @ 2692 then awhile ago @ 2920, now 10/10/2018 ~2720 , great 🤔😜👎🤢🤮
Michael Patterson dude go learn how to spell and then go 🔩your self. Ok
"Get out early" THIS is the cause of market crashes. When people sell stock, the price of that stock goes down. Imagine what happens if everyone sold all their stocks....
You cant "avoid" a market crash by CAUSING one.
If it sounds too good to be true it probably is...
As for me I'm buying
It's all just a bunch of nonsense. No economist knows what's going to happen, when,why or how much? If they really "knew" they would be billionaires themselves. It's all funny money in a gambling scheme. They just spout "words" without any real understanding of what is happening or why. They do backward analysis but not knowing if that was really the reason. Just guessing.
I'm not saying I know anything, but these talking heads talk as if they KNOW. They do not.
Kirk Ryan Anyone who tells you they know for sure is a bullshit artist, that’s true. But, you can also see a lot of “warning markers”, and ignoring those would be foolish. For instance, most analysts put the stock market valuation versus total GDP at present to be at about a 160% ratio. That’s higher than at any time since stock markets started. That’s troubling.
@@JB-xl2jc Yet the stock market is at the highest point in history and no signs of it crashing any time soon. I understand what you're saying, but the predictive value is the same as the guy on the street corner with a sign that says the end is near. They've been saying it for hundreds of years. Sure, at some point something will happen and hindsight will say "See! I told you so", but that's useless.
My point is that analyses and predictions are absolutely useless without an accurate time frame. Even something like which month or quarter. So far nobody has been able to say. Therefore, it's impossible to know what to do with the information these talking heads dish out. Even they refuse to give that type of advice. So in the end, it's just econobabble.
Also I'm not sure what you mean by that's troubling. If the GDP at 160% were truly a problem, we would already see an economic downturn. But, nowhere in sight.... That's more of a theoretical conclusion than predictive value.
A super heated market crashes that much harder. Markets always fluctuate up and down. Why its normally kept at a 2.5 percent growth. Its was at like 4 percent or higher the last 4 quarters. So it will be a very felt fall. And that spooks investors to cashing out. Which dips it more. Then snowballs from there. Unlimited, nonstop growth is impossible. Which is what the government has been trying to do since the 70's.
The warning signs are already in place. The national debt of the two largest economies are already above the national gdp of those countries. Then you have stagnant wages and inflation of prices, which slowly but surely makes it harder for everyday people to afford things that push the market forward. Then there is the exponential growth caused by people who ride the market and a way too high confidence in the market, which will only crash once these market riders cash out endlessly. We are also beginning to see risky moves and risky loans being dealt out again, which, if we learned anything from 2008, is ABSOLUTELY a way to not make banks fail and put us into an economic depression. Of course, since less and less everyday people are investing and it’s moreso predatory investors, we must also question whether or not it will have such a big impact on the economy. One thing is certain, though: this exponential growth is not warranted whatsoever considering things have remained relatively stagnant or slow when it comes to overall evolution in the economy. The stock market is certain to crash, and we are already seeing massive fluctuations and volatility. I’d give it another 3 months before what the gentleman in the video described comes to fruition.
.... The Big Short.
QUICK!!! EVERY BODY GO BUY A HOUSE AND CAR!!!!
Harry Dent -"We predicted the housing crash months ahead of the event". Funny how us Tradesmen were sitting around the hunting campfire discussing it two years before. Think we were bugged? Our economy was always like a roller coaster and probably always will be. Too many people want quick money for nothing. That is why our economy crashes every now and then. Few people want to work or start a business from scratch anymore.
Almost three years later the stock market has set multiple new records and this guy completely missed the market. It did sink further after this video, but not nearly as much as he had predicted, and it quickly recovered. Market up over 60% since this video. This is why I was buying when this happened, and in December of 2018, and in February of 2020 and March of 2020: Always be buying. Imagine how much you'd lose listening to guys like this.
I'm pissed! And this is 2 years later than your comment😶
Thanks to the Orange clown!!
What's Bozo got to do with it?
@RPGMaster2 Uncertainty due to election. Investors (especially foreign investors) are afraid Dems get control. EM are toast. US economy firing on all cylinders. Economy and stock market are two different things. It's all about confidence. If investors have confidence in a country, they will invest. Wait til after the election.
@RPGMaster2 No one can win a trade war with the US. We buy more from any country than they buy from us. Debt and QE by central banks are killing all nations, even China. The US just happens to be the best looking of the 3 ugly sisters.
Bonds will crash. Then where do you run to...? Stocks. U.S. stocks. Eventually, U.S. stocks will have a major correction, but not before DOW 40K. And the DOW could go to 62k or higher before a major correction (50% or more). This Oct. high in the DOW will be taken out to the upside by year end.
Put your trust in God not the market..."Yeshua (Jesus Christ) is the way"
Jdor D gods fake idiot
@@TheCoreBreakdown if He was you or I would not be here
God doesnt have anything to do with our decisions we are responsible for our actions.
You really need Jesus in your life dont just say it but live it.
Get fucked with your God shit
Trump is just a rich kid that got to play businessman with daddy's money. He would've been richer if he just invested and let the professionals handle it. smh
Tax cuts could work, but they don't. Instead, businesses just give the upper management big bonuses, which doesn't add value to the company.
Sean i can tell by your comment you are not successful
Jelous fucker.
lol nobody on the youtube comment section is "successful". Doesn't make me any less right...
Sure there are, I am. It takes a lot of skill to manage and grow wealth. What you are referring to is the million he received when he was young. You also are not taking into account his expensive lifestyle over all those years as well.
the million? oh, you're still under the assumption Trump tells the truth despite overwhelming evidence of the contrary. He got fined for taking an illegal loan from his dad through one of his failing casinos. Living beyond your means is not what I define as successful. How are you successful again?
Very cool hearing the guest just plowing through the blithering of the host. Too bad they don’t let him say what he needs to say. He sounds so urgent and folks need to hear him.
why would you announce that new owner cleaning your corrupted mess you caused is a mistake?
Its time for Crypto to take over!bye bye Dollar
hell yea crypto is coming to takeover its a guarantee. We need ledger technology implemented to keep those in power accountable!
You're a crypto Nazi
Lol...
Yeah....
The antichrist likes crypto too
Start listening at 3:00 min mark. Fox doesn’t want you to hear what he saying so he does his best to talk over him
I have gone through the recessions of 1987, 1997 and 2008. The next one could be nearer than we think - possibly just round the corner! I have stopped investing and have began to pare my debts. At 69, I am less concerned about making new investments. Conserving what I have is all that matters. Hope I am doing the right thing. Best wishes to all. Thanks for reading.
How you lookin' now?
Reminds me so much of 2007-2008.
Love they keep this stuff on youtube - broken clock dent at his best
Sold my stock , took my tax cut . Still don't like things !!!!
didn't exactly understand harry's argument/point, anyone care to explain?
All i got was market will crash soon because we just experienced a 20% correction
"I knew this was coming months in advance..." Well la de fucking da. I knew it was coming YEARS in advance, because no one I know has money to buy shit.
Every single time we have these "warnings" from "experts" nothing ever happens, we as a country have already gone through a major depression in the 20's we have taken what has happened there and learned from it if we notice the same thing happening this time around we know what to do to avoid a depression again or a crash, the thing is as long as consumers are consuming nothing is going to happen, as long as people are in jobs and they have some money to spare they're going to blow it on whatever the hell they want which is a good thing. The economy has been growing and will continue to grow until either someone raises taxes again, or consumers stop buying goods.
One other thing can cause a crash: International actions on behalf of nations or banks. Both the sovereign debt crisis in Italy and Spain, as well as the derivative balance sheet at one of several big banks, can contagion and bring the economy to its knees. None of that has to do with raising taxes or consumer purchases.
The economy will not crash until we all start demanding higher wages.
Get your Crypto ready kids were about to go sizler!!!
Don't blame the increase in interest rates. It's the long-term LOW interest rates that fucked everything up, creating this totally fake boom that will crash at the slightest whiff of interest rates being raised to even half of what has been historically normal.
This is why I have a hard time watching fox programs. They never ever allow anyone to speak.
Well then it’s a good thing we bankrupted ourselves with a massive tax cut for the rich.
Did I hear that correctly... after a bubble (the most recent drop in stocks), within 2-3 months we can expect to see (based on previous crashes) a 40%drop? So by Jauary February?
guess his quote “biggest crash is coming!” will be written on his tombstone
THIS MAN KNOWS WHAT HE IS SAYING.
I DON'T CARE. I DON'T OWNS STOCKS. I DON'T EVEN HAVE HEALTH INSURANCE.
And two days later Dow is going up again.
Buy GOLD, swap during crash and buy stock. wait for 1 year before bubble, swap stock with gold. repeat.