Harry Dent Expects Spending Slowdown to Last 15 Years

By on February 16, 2009

Jonathan Ratner at the Financial Post writes that Harry Dent has a grim warning in his latest book, The Great Depression Ahead: How to Prosper in the Crash Following the Greatest Boom in History. Dent has stated that the de-leveraging process coming out of the banking crisis and the collapse of commodities is too big a tide for government to fight. The stimulus programs may bring a short-term rally, but a spending slowdown by the baby boomer generation will cause the economy to fizzle out for a decade and a half and the Dow to eventually fall as low as 4,000.




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