CW 1069 FBF – How to Profit from The Coming Demographic Cliff with Harry Dent

Today's Flash Back Friday comes from Episode 722, originally published in September 2016.

Today’s guest, Harry Dent is the author of multiple financial books designed to help you keep your wealth. Harry predicts an upcoming deflationary period followed by a huge debt bubble burst in the US. He wholeheartedly agrees with Jason and says the everyday house is where your money should be if you are a real estate investor. The uber rich and the Chinese will be the losers in this economic downturn and Wall Street will slide under 6000 and Shanghai will hit 1000. Harry says the market needs a cleansing because without it the markets will falsely re-inflate themselves for the sixth time. Hold on tight investors times they are a changin’.  

Key Takeaways:

[6:10] Why doesn’t the US have significant inflation with the exorbitant amount of money creation?

[11:02] Banks create debt and then get free money. It will be painful, but necessary to deleverage the debt.  

[16:15] The everyday house is the best investment option when the bubble bursts.

[22:57] 240 million rural migrants are trapped in Chinese cities with no hope for the future.

[28:45] Deflation is a sign a financial bubble is bursting.

[33:12] Interest rates are going up for bonds and mortgage rate will come down.

Mentioned in This Episode:

Jason Hartman

The Demographic Cliff

Jason Hartman's Alexa Flash Briefing

The PropertyCast