Harry Dent Doubles Down: Major Crash for Equities in Third Phase, While Bitcoin Skyrockets to $780K

"The housing market will crash just back to its previous lows seen in 2012," claims Harry Dent, founder of HarryDent.com. "The West Coast, Austin, and Phoenix are the biggest housing bubbles observed at the moment... This is going to be the biggest crash in housing of our lifetimes," he tells Daniela Cambone. "Then we probably won't see [another housing crash] again for decades," he continues. "The government has created this second [housing] bubble, this would have not have happened if they did not go to long-term zero interest rates," Dent exclaims. "It takes three waves down to indicate a major bull market or a major bear market, and my indicator shows the we've only begun the second wave down," he says. "You're going to want to get back into stocks probably around July of 2024" Dent continues. "Bitcoin and Ethereum are going to survive this and have an incredible boom over the next 15 years. The losers need to be shaken out," he says. "If you're the U.S. government, you can't afford even temporarily to default on what are considered the safest-quality, long-term bonds in the world", he says. Dent concludes, "Gold will go down to the $900 to $1,000 range, and U.S. treasury bonds are the best safe haven... Cash is the safest place to be, however."

#bonds #marketcrash #federalreserve

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