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The Best of Coast to Coast AM

Coming Economic Collapse - Best of Coast to Coast AM - 10/14/19

The Best of Coast to Coast AM

iHeartPodcasts and Coast to Coast AM

News, Society & Culture, Science

4.12.5K Ratings

🗓️ 15 October 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

An expert predicts the world's economies are a bubble about to pop.

Transcript

Click on a timestamp to play from that location

0:00.0

Now here's a highlight from Coast to Coast AM on I Heart Radio.

0:04.8

And welcome back to Coast to Coast, George Norrie with you. Our special guest, Harry S. Dent

0:09.4

back with us, Harry A. Denton Jr. is the founder of Dent Research, which publishes the newsletters,

0:15.4

economy and markets, boom and bust and the leading edge among many others. He's got an MBA from Harvard,

0:21.3

was a consultant for several Fortune 100 companies while at the Bain and Company and lectures widely.

0:27.7

Harry is also the author of Zero Hour, as I just mentioned, turn the greatest political and

0:32.9

financial upheaval in modern history to your advantage. His websites are linked up at coasttocoastam.com.

0:40.3

What kind of a ride are we going to have, Harry? Well, you know, George, you know, we get,

0:45.6

you know, we've had these big booms in the stock market and big crashes unlike the last long

0:51.2

boom in the 40s, 50s and 60s. And I think we have likely just seen the Dow and S&P either peak

0:59.7

or are very close to a peak. And I think we're going to see, you know, some volatility in the next few

1:06.1

months. And then one more run for the NASDAQ to try to make that one last high and then fail before

1:12.7

the election. So I, Dr. Dostock, market, may decide the election more than anything. It's very hard

1:18.2

to get reelected when you get a stock crash or you start to fall into an election. So I think we're

1:24.4

at a very critical point. And people really need to understand that this is not another recession.

1:33.4

I have three major cycles all coming together here. The third one, the most powerful hitting,

1:39.9

really right about now. And early next year, this is going to be more like 1929 to 32. And it's

1:47.7

going to be deeper than the 2008-2009, what they call great financial crisis or recession,

1:55.8

which took a lot of people underwater and their mortgages and was the greatest downturn we've seen

2:00.8

since the early 80s. And so this is serious stuff. This is not the type of thing George, where you

2:06.9

want to listen to your stock program. They said, well, stocks always come back. And you know, we

2:10.7

have you diversified. No, 2008-9 everything went down except for high quality bonds in the US dollar.

...

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