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Thread: Is Harry Dent a shill for the FED and bankers?

  1. #1
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    Apr 2014
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    Is Harry Dent a shill for the FED and bankers?

    I subscribe to Harry Dent's (author of The Demographic Cliff) free newsletter. He's says almost every day that gold will go down to at least $700 and maybe as low as $250.

    Meanwhile, EVERYBODY else that I read is saying the bottom is in. Gold left the bear market behind and has resumed it's bull market rise. Some go so far as to say this year the price will hit a step function into the thousands of dollars.

    So what's up with Harry? He's a respected economist and prognosticator. But why does he alone think gold is still going down??? (Though bankers say gold will continue falling because they WANT gold to be marginalized.)

  2. #2
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    Re: Is Harry Dent a shill for the FED and bankers?

    Some guys are locked in. We have a leading economist down here who is like that. When the stock market is down on the day he talks rubbish about wider political issues. IS basically a communist in a capitalist cloak.

    Forecasts and performance In the late 1980s, Dent forecast that the Japanese economy, then the darling of the world, would soon enter a slowdown that would last more than a decade. In the early 1990s, he predicted that the DJIA would reach 10,000. Both of these predictions were met with much skepticism, and yet both eventually came to pass.

    In Japan, Dent was using their peak of 45- to 50-year-olds (1990–1994) as the beginning of a long slowdown. In the US, he used, and continues to use, the peak year for 48-year-olds, 2009, as the top of a long term growth pattern.

    In June 1999 AIM Dent Demographics Fund had significant first year gains, however it performed afterwards until it was ultimately merged into another AIM offering in July 2005 .[2]
    In 2000, based on his forecast that economic growth would continue throughout the 2000s, Dent predicted that the DOW would reach 40,000, a prediction which was repeated in his 2004 book. In his book, he also predicted the NASDAQ would reach 13,000 - 20,000. In late 2006 he revised his forecasts to much lower levels, estimating the Dow would reach 16,000 - 18,000 and the NASDAQ 3,000 - 4,000. In January 2006, he predicted that the DOW would reach 14,000 - 15,000 by the end of the year. It ended 2006 at 12,463, 11% below the lower end of his prediction. It ended 2007 at 13,264, again significantly lower than Dent's revised prediction of 15,000 by early 2008. Since then, the Dow crossed 14,000 in late 2007 before retreating.
    His 2011 book goes on to suggest consumer spending will begin to plummet in 2012 with the Dow bottoming out somewhere between 3,000 and 5,600 in 2014. After hitting bottom, stocks will experience a mini-rally in 2015-2017 before falling into a final bottom during the 2019-2023 period, when the 45-50 age group troughs because the U.S. birth rate reached its own low in 1973.[3]
    In 2012 the "Dent Tactical Advantage ETF," symbol DENT, was de-listed having consistently under-performed the market for three years while at the same time charging an egregiously high 1.65% management fee.[4]
    In 2012 he began writing weekly articles for the free investment newsletter Survive & prosper, now known as: Economy & Markets, which offers investment advice guided by his belief that a major economic crash is inevitable and that it will drop the DOW all the way to 3,300. As of early 2013, he has amended his predictions slightly to an expectation that the financial crash will begin between the end of 2013 and the first half of 2014.

    In 2013 Dent predicted the market would crash again in the Summer of 2013 and would take a further year and a half to recover.[5]
    In 2014, while promoting his book The Demographic Cliff in Australia, he predicted a major Australian housing market correction beginning in 2014 after an even bigger one in China.[6] He also predicted that the price of gold would fall to USD$700 an ounce, and has since revised this prediction to 2015.
    Australias housing market is just now slowing with price contraction occuring in all states now.

    I don't know who these people are:
    Larry Swedroe, writing for CBS Money Watch asks, "Why do people listen to Harry Dent in light of his obvious inability to accurately predict the future?"[9]
    Seems like Harry knows what to say to people and in my experience financial planners are not rocket scientists. They are sales men and the good ones follow a script, they get the sale and the tail.
    Great minds discuss Ideas, Average minds discuss Events, Small minds discuss People. E.R.

    Anytime I'm in doubt I go outside and give it a little shake.
    Liberty Tree.

  3. #3
    Dangerous Donald Neuro's Avatar
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    Re: Is Harry Dent a shill for the FED and bankers?

    Seems like Harry Dent got two controversial predictions right more than 25 years ago, and then he became a bag holder recruiter for the banksters. Cool name though, sounds like a hard boiled detective figure, from the 30's...

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