Harry Dent Sees a Higher Stock Market Before a Crash Later in 2013

By on January 8, 2013

Harry Dent - HS DentHarry Dent was interviewed on CNBC today by Maria Bartiromo and Scott Wapner. Dent began the interview by saying we’re seeing a bubble and a crash about every four to five years now and this is what you have when you go over a “demographic cliff.”

Dent pointed to Japan and said their demographic cliff led to real estate being down 60%, and stocks being down 80% from their peak 22 years ago.

Dent said we won’t see real estate or stocks at the level they were in 2007 for a long time, and it’s not unusual at all.

Bartiromo asked Dent how he factors all of the central banks easing, along with the improving housing market, and other improving indicators into his forecast. Dent said they call this an “economy in a coma” that without all the trillions of dollars of stimulus would be in a depression.

Dent is predicting a possible bankruptcy for the U. S. and a stock market crash in the 3rd quarter of 2013. Before then he sees a slightly higher high for Dow by the end of May.

CNBC brought in some other guests and the debate with Dent became quite heated at the 10 minute mark (see video below).

Back in November, Dent had an interesting debate with Ron Insana on the influence of demographics on the markets [link].

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