One of the world's leading experts on global financial markets, Harry Dent, is in Sydney and he's warning of a global "economic tsunami" that could end Australia's love affair with property. Watch World News Australia 6.30pm nightly and 9.30pm Mon-Fri on SBS ONE.
@torontobills Hi I agree with you, Mr. Dent is very short sighted; inflation/deflation is a bullshit point; insolvency is the real question. With the US guarantee to print $ or outright default the world will dump US dollars. Dent says the if debt is liquidated money supply contracts (which is true) but paper money is a confidence game (my IOU is more valuable than some other governments) If the US defaults on trillions of debt, Dent think the USD will appreciate, LOL
misterman6000 2 months ago
LOL, This guy is in Lala land, The baby boomers cannot find jobs let alone save money. Wake up harry. The dollar is doomed. You white boyz made a mess. Silver and gold move with oil prices. READ THE NEWS. We are about to bomb iran and oil is going to be $300 once that happens the world will destroy the dollar. Harry if you have gold i will be more than glad to exchange you for worthless US dollar. I dont need to buy a book to learn. Common Sense kicks in
torontobills 3 months ago
The working career oriented woman and the aging baby boomers has been slowly stifling population growth, along with the me thinking of the last 20 or so years. Add that to many years of inflation between 3 and 5 percent, making it difficult to raise a large family, and the ever increasing rate of abortion in the US, and you get too much stuff available for the population to absorb. Supply and demand, too much supply and you get deflation. That time has come.
62636263c 3 months ago
Chinese massive property bubble crashing NOW!
sighbaru 4 months ago
ABC's Alan Kohler showed a graph of population age verses stock prices. Basically they follow the same trend.
TheNanoNinja 5 months ago
POP!!!
cityslickeroz 5 months ago
Yikes. Today stocks and gold fall.
cajojaUribe 5 months ago
I have betting against HD for 20 years and I lost every time ,I reall rally hope he is wrong for once about this but I don't think so.
skinostra 5 months ago
great interview SBS, really looking forward to the Secure The Future conference Harry Dent is doing In October
Andrewmaughan7 5 months ago