The leading economist predicts a financial crash of a lifetime within months

A top economist has warned that a “crash of life” will occur in 2025.

Harry Dent, a financial author and economist, has warned that we are facing a financial crash bigger than the Great Recession.

Speaking to Fox News, Dent said the “everything” bubble has yet to burst.

In 1925-29, it was a natural bubble. There was no stimulus behind it, an artificial stimulus in itself. So this is new. That never happened, Dent said Tuesday. What do you do if you want to cure a hangover? You drink more. And that is what they have done.

Flooding the economy with extra money forever can improve the overall economy in the long run. But just watch when we see this bubble burst, he added. And again, this bubble has been going for 14 years. Instead of most bubbles [going] five to six, is stretched higher, longer. So you should expect a bigger crash than we had in 2008 to 09.

US stocks ended May with gains, while the Nasdaq ended up 6.9 percent. Additionally, the S&P 500 rose 4.8 percent and the Dow Jones rose 2.3 percent.

But Dent highlighted what he thought was coming, “I think I would see the S&P off 86 percent from the top and the Nasdaq 92 percent. A hero stock like Nvidia, as good as it is, and it’s a great company, [goes] 98 percent drop. Boy, it’s over.”

We have never seen [the] the government maintained a completely artificial bubble for a decade and a half, and look what will happen after that, he continued. But I can tell you, there has been no bubble, and this is much bigger and longer, a big bubble in history that didn’t end badly, period.

Dent made the same claim in December, but has now edited his timing, saying the bottom of the market is likely to appear between early and mid-2025.

At the center of this bubble is real estate, with Dent predicting housing would see 2012 lows.

At no time in history has home ownership been so widespread and so many people have owned second and sometimes third homes purely for speculation, Dent said, noting countries such as China and Japan are seeing a growing number of residents buying vacant properties as collateral for a potential market crash.

If you understand what real cycles are, you don’t have to buy the most expensive house in history right at the top of the market and then complain for 14 years as it goes into the next downturn, like from 29 to 42 or 68 to 82. author expanded, or what it would have been, without all this $27 trillion stimulus, 2008-2022.

However, Dent has faced criticism after some called his hypothesis “crazy” and accused him of fear-mongering.

But Dent has hit back, arguing that he is just saying “what I see”.

Looking at it from history and standing back, nothing more obvious, Dent continued. Many other bubbles in history simply don’t have the slope or size. Why? We have never understood the power central banks can have to print money out of thin air.

Dent’s final message to investors was to remember: “The government created this bubble 100 percent completely artificial, injecting a drug to perform artificially stronger. And again, everything from human life to history shows, you don’t get nothing for nothing, and the bubble always burst is a much, much higher possibility than anyone gives it.

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