BIDENOMICS: Top Economist Warns that 2024 Will Bring the Biggest Crash of Our Lifetimes | Joe Hoft

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BIDENOMICS: Top Economist Warns that 2024 Will Bring the Biggest Crash of Our Lifetimes

Top economist warns that 2024 will bring the biggest crash of our lifetimes.  

FOX business reports that 2024 is setting up for the crash of our lifetimes.

“Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous state,” Harry Dent told Fox News Digital. “I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”

“I’m the guy that’s praying for a crash while everybody else is not. We need to get back down to normal, and we need to send a message to central banks,” he continued. “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.”

Dent, who spent the majority of his career analyzing proprietary research, credited his against-the-grain prediction to overvalued markets and excessive stimulus spending. While recent rallies have overwhelmingly provided investors with mild recession expectations, Dent remained firm that an “everything bubble” will burst next year.

Historically, market bubbles are characterized by a rapid rise in stock prices, before being met by a sharp fall.

The FED announced last week that it was planning on lowering rates in 2024.  This may all be irrelevant.

BIDEN ECONOMY: The FED’s Jerome Powell Is Preparing to Raise Rates More But at What Cost?

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