Get your finances in order pedes. Harry Dent (who correctly called the dot-com bust, Trump election, etc) is sounding the alarm. A global market crash is impending, if /when it does it'll be harsh. Biden will attempt to print money to put it off again. Be prepared. China's going down.
(www.thinkadvisor.com)
🖕FUCK CHINA🖕
Comments (18)
sorted by:
Well, as long as you have your own reasons and not let confirmation bias from this guy cloud your judgement,that's fine. Dent is wrong so often, he's become a joke. You can look him up and see. He started a mutual fund which did so poorly, it went bankrupt. I have concerns about the market, but come to the conclusion that the uber rich, supposedly elite in this country and around the world will never let the market completely implode. It will get bailed out and helped along the way as much as is needed. The whole gamestop thing just solidified it in my opinion. Hedge fund managers were able to manipulate and break laws to keep them afloat. Nothing will ever happen to them. In the meantime, I'm trying to invest in companies with real earnings and high revenue.
The big thing in my mind is real estate, that's a real asset that costs real money that real people pay with their real paychecks every month.
And it's overvalued right now. Inventory is artificially low at the moment because the government is imposing rules that prevent kicking people out. There's over 3 million people out there late on their mortgages because of unemployment/pandemic reasons. Once these rules are lifted it could cause an influx of inventory and that'll cause prices to go down.
In my opinion, that's really healthy... but it's going to cause some pain. The market will feel it, and if the US market feels it the rest of the markets will feel it. We're in a market where nobody ever expects it to ever go down because it hasn't for years.
Here's a good explanation from someone smarter than me that I watched a few days ago. https://www.youtube.com/watch?v=ZFXObY99bXg
I know Harry goes overboard, he's going worst case... but he's not wrong that we've been printing money for too long and the longer we print money the worse the outcome will be.