An economist who focuses on consumer spending has issued a dire warning about the U.S. economy in the coming year.
” Since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact ,” economist Harry Dent told Fox Business on Dec. 19. ” This is off the charts, 100 percent artificial, which means we’re in a dangerous state.
“I think 2024 is going to be the biggest single crash year we’ll see in our lifetime.
“We need to get back down to normal, and we need to send a message to central banks,” he said. “This should be a lesson I don’t think we’ll ever revisit. I don’t think we’ll ever see a bubble for any of our lifetimes again.” A trader looks over his cellphone outside the New York Stock Exchange in New York on Sept. 14, 2022. (Mary Altaffer/AP […]
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