Economist Predicts 'Everything Bubble' Will Burst in 2024, Causing Massive Market Crashes
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Economist Harry Dent predicts 2024 will see the "biggest single crash year in our lifetimes" due to overvalued markets and excessive stimulus spending.
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Dent forecasts an "everything bubble" bursting, with 86% crash in S&P, 92% in NASDAQ, 50% in housing prices.
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Dent advises getting money out of the market for 6-12 months to avoid massive losses and buy back in at lower prices later.
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Dent believes the Federal Reserve has no chance of a soft landing and continued tightening will lead to a depression.
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The crash will hit the rich harder but the 12-14 year slowdown will allow the middle class to catch up again, per Dent.