Financial author and economist Harry Dent maintains his prediction of an imminent “crash of a lifetime,” warning that the current “everything” bubble has yet to burst and could result in a crash worse than the Great Recession.
In a recent Fox News Digital interview, Dent highlighted the uniqueness of the current bubble, citing extensive artificial stimulus as unprecedented.
He compared it to the natural bubble of 1925-29, emphasizing the prolonged 14-year duration of the current bubble, which contrasts with typical five-to-six-year cycles, suggesting a more severe crash, the New York Post has reported.
Despite his warnings, US stocks saw gains in May, with the Nasdaq up 6.9%, the S&P 500 up 4.8%, and the Dow Jones up 2.3%.
Written by B.C. Begley
