Posted 12/20/2023, 12:21:00 PM
Financial historian predicts massive economic crash in 2024
- There is a massive bubble in stocks, housing, crypto that is set to burst catastrophically in 2024, says financial historian Harry Dent
- Dent expects the S&P 500 to plunge over 80%, house prices to be cut in half, and cryptos to crash over 90%
- He blames excessive government spending for inflating asset prices to dangerous highs
- Dent hopes the coming crash will teach authorities not to run deficits and artificially boost asset prices
- He predicts serious economic pain in 2023 as the impact of Fed interest rate hikes is fully felt