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Start PREPARING Yourself The Crash That Will Change A Generation Harry Dent
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Start PREPARING Yourself! The Crash That Will Change A Generation - Harry Dent • Join this channel to get access to perks: • / @financeflowofficial • Despite widespread forecasts of an impending recession, the economy has continued to grow, supported by steady hiring and consumer spending. With inflation gradually easing, the Federal Reserve has initiated interest rate cuts. The U.S. economy expanded at a solid 2.8% annual rate from July to September, mainly driven by consumer activity, even under the pressure of persistently high interest rates. The Commerce Department's report on Wednesday indicated that gross domestic product (GDP)—the total value of goods and services produced—experienced a slight deceleration from the 3% growth seen in the April-June period. However, these figures highlight the economy’s unexpected resilience as Americans evaluate its condition in the final phase of the presidential race. • Economist and financial author Harry Dent believes that, without substantial intervention, the economy would have faced a depression on par with the 1930s. He argues that recessions and depressions are natural and essential to economic cycles, but recent policies have sought to prevent these necessary corrections. Dent compares the economy to the changing seasons, where winter symbolizes the depression phase that follows an era of excess—represented by the fall or bubble stage. • Many Americans continue to view the state of the economy negatively despite strong headline growth. This sentiment can be attributed, in part, to the lasting impact of the post-pandemic inflation surge, which peaked in 2022. Following a slow start to 2022, marked by the first quarter-over-quarter GDP contraction outside of the initial half of 2020 since 2014, the U.S. has since regained stability. This recovery has diminished concerns voiced by many experts that a prolonged economic downturn might be necessary to curb inflation. According to Goldman Sachs economists, the likelihood of a U.S. recession within the next 12 months is estimated at just 15%, which represents the baseline rate for their model while considering potential unforeseen challenges. • Harry Dent believes that reality must eventually set in, highlighting the importance of letting economic cycles run their course rather than striving for constant, artificial growth. He argues that maintaining an economy with perpetual 3% growth and minimal inflation while avoiding meaningful recessions is unrealistic and detrimental in the long run. • Despite the continued progress on inflation, average prices still far exceed their pre-pandemic levels, which has exasperated many Americans and posed a challenge to Vice President Kamala Harris’ prospects in her race against former President Donald Trump. Most mainstream economists have suggested, though, that Trump’s policy proposals, unlike Harris’, would worsen inflation. • Harry Dent emphasizes that political motivations play a significant role in distorting economic management. He points out that the political drive to appear successful often overshadows the need for sound, long-term strategies. • Share this video with a friend if you found it useful! Consider subscribing to the channel for videos about investing, business, stock market, managing money, building wealth, passive income, and other finance-related content! • • -------------------------------------------------- • • 🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. For any concerns, business inquiries, etc. please contact us via email in the “About” section of the channel. Some links above are affiliate links. Anything displayed on this channel should not be seen as financial advice. Each person has a unique experience, and there is no guarantee of future profitability or success. • #economy #stocks #gold #silver #investment #financialanalysis #stockmarket #harrydent
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