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This Global Financial Crisis is Set To Continue…And Get Worse

Stock-Markets / Financial Crisis 2015 Sep 15, 2015 - 12:47 PM GMT

By: Harry_Dent

Stock-Markets I just landed in Vancouver for our third annual Irrational Economic Summit. Besides losing some luggage on the flight over and a few other hiccups along the way, I’m here, my team’s here, and we’re ready to kick off the event tomorrow.

In the past we had only offered small, live conferences to members of our Dent Network. Back in 2013, we opened the doors to a wider audience.


And whereas it used to just be Rodney and me, we’ve since expanded our list of speakers. This year we have 15 experts (including myself) presenting to nearly 300 attendees and countless others watching at home.

Really, this event couldn’t have come at a better time!

I’ve been warning all year about the various signs I see that could be the trigger for the next global financial crisis.

The slide in commodity prices...

China’s slowing economy and stock bubble…

Falling oil prices and the collapse of the fracking industry…

Gold’s lost glory...

The list goes on.

Right now we’re in the most volatile time since 2011, maybe 2008. Less than a month ago, U.S. stocks broke through a resistance level that, to me, is a sign this bubble is finally on the brink of erupting. The stakes are high, and this will no doubt be a huge talking point at our conference these next few days.

While I consider myself a “cycles” guy, we’re widely known for our demographic research. At the heart of demographics are the spending decisions people make. And the “Spending Wave,” as I call it, is still my No. 1 cycle for predicting the future of the economy.

That’s how I’ve known we were heading into a deflationary period, when everyone was expecting inflation.

It’s one of many reasons I know we’re in for a downturn ahead.

People have called me nuts for making these claims over the years.

What I find nuts, is how anyone can just bat an eyelash at how we’ve produced the greatest debt bubble in history and not think anything of it! This craziness isn’t normal.

The Fed thought it could spend its way out of a downturn. That by printing a bunch of money it could force people who would otherwise save to spend. And they were surprised when it didn’t work out that way.

This financial tomfoolery is why we named our event the Irrational Economic Summit.

What we’re doing at this event is giving you a kind of state of the union. We’re bringing together over a dozen experts to help you cover all your bases. Over the next three days we’ll provide you with a macroeconomic outlook, then help you make sure your portfolio is prepared for the financial crisis we see ahead.

We’ll present you with solutions to insure your wealth, suggest opportunities both in and out of the stock market, and tell you how to profit in the coming bear market.

Rodney and I, with the help of our team at Dent Research, have hand-picked these experts, some of which are our own analysts. But you’ll also hear from Dr. Lacy Hunt, my favorite economist in the country, and David Stockman, who received a standing ovation last year.

It’s obviously too late to make it out to the event, but you can still watch from home via LIVE streaming, and I urge you to do so. And watch your emails closely over the next couple of days. Chris Cimorelli, your Economy & Markets Managing Editor, will be your on-the-ground reporter throughout the summit. He’ll be sharing details with you as we move through each of the sessions.

Tune in. These are the people who understand the true state of our economy and can tell you where it’s going.

Heed their words. The global crisis is only beginning.

Harry

http://economyandmarkets.com

Follow me on Twitter @HarryDentjr

Harry studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of the profession that he turned his back on it. Instead, he threw himself into the burgeoning New Science of Finance, which married economic research and market research and encompassed identifying and studying demographic trends, business cycles, consumers’ purchasing power and many, many other trends that empowered him to forecast economic and market changes.

Copyright © 2015 Harry Dent- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Harry Dent Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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