Re: Harry Dent Oct 2009 Economic Update

Some thoughts on Dent's latest update.

Category:

Education

Tags:

• recession
• us
• economy
• economic
• depression

[daddof3]

SO should we be buying Euro's? or maybe a permanent portfolio?  or gold?

[stretchsje]

My take? I think the entire market is acting to the whims of government manipulation and not rationality. Perhaps Peter Schiff has the best advice of investing in foreign stocks that exclusively serve their domestic markets and pay dividends. I'm not sure how to do this cheaply, though, but if the dividends are paid in a foreign currency then they are inherently inflation-protected. Gold is a great idea too, but be careful how you store it- this country has confiscated gold in the past.

[doggymac1]

Oh how wrong you are about dent...you need to listen/read more of his stuff. accussing/presuming he is saying things that he hasnt said/thinks.

[stretchsje]

Someone else mentioned he talks about the market being flooded with dollars in his pay-for newsletters, which I don't subscribe to. I can only go on his book and the updates to it, which to my recollection does not discuss the devaluation of the dollar leading to and being accelerated by the world dumping their dollar reserves.

Regardless, I don't mean to come across as an authority on the economy (hardly!)- just as someone looking for discussion. So, please, enlighten me.

[wakeupandbefree]

Keep in mind that while the government did flood the economy with dollars, you must take into account the fact that we've seen a MASSIVE de-leveraging as well. The number of dollars put into the economy is significantly offset by the dollars that were retracted (in the form of credit, bank write downs due to mortgage defaults etc.) Is inflation coming? There are too many factors in play here to make that a given. Look at Japan over the last decade as an example.

[tradz618]

Good job on the video...

Watch out Dent!

[fredobuck]

Create a personalized backdrop it would help your credibility. Also consolidate your thoughts more concisely to reduce confusion and redundancy. btw, are you in grad school or just unemployed?

[lozagon]

Well H S Dent said the reovery would not be sustained. Real estate has gone up quite a bit since gov stimulus, and stocks have skyrocketed. Now, obvioulsy HS dent meant it recovery figuratively speaking.

[kmalibyte]

Smart guy, horrible interior designer. Must be a grad student. With an Ikea budget, he could still do much better. Unless he is still living at home, which is probably the best guess given the stuffed dolls in the upper left hand corner. Remember a bear market rally is a recovery off of the lows. So don't get so hung up on the term 'recovery.' We are marching downstairs, but enjoy the bounce while it lasts!

[asdflafds]

This guy just says the same thing Peter Schiff says...

I think everybody knows the stimulus is bad and will kill this country. However in the short term the recovery money has floated the market upwards. So you can ignore the short term and miss out or wait and be right.

[rctube1958]

I also follow HSD. His trend tracking seems to be right on, but his prescriptions for action are statist. I do not understand the bright people who called gov't stimulus a recovery. We all seem to need a lesson in what a free market actually looks like.

[JDPharming]

Good job stretch. Honestly your common sense approach to the flood of dollars coming our way is the biggest problem we face. Seeing the Canadian dollar value approach ours..soon surpassing ours...in around November to December...Lord help us.

Another factor which I would like you to comment on would be what will our economy look like when Israel attacks Iran in the next few months....Straits of Hormuz blocked, retaliation on Israel, possibly Saudi fields. Oil to $150 - $200/barrel?

[cmm832]

In this scenario: I think the VALUE of the dollar would not increase, it would still decrease...because the PRICE of housing, land, etc. would be through the roof (because of inflation). The PRICE will only continue to climb higher. Eventually it will take soo many dollars to buy essential goods and services that people wont want to use it anymore; thus jumping into a different currency(if the USA will accept it) or gold and silver.

[brendandylanmaloney]

I trust you, I just subscribed to your channel. By the way, why is their only 8 comments ? This seems strange to me.