Harry Dent | TalkMarkets | Page 2
Founder, Dent Research
Contributor's Links: Dent Financial
Harry S. Dent Jr. studied economics in college in the 1970s, receiving his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. Harry grew to find the study of economics vague and inconclusive and became so disillusioned by ...more

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The Black Swan Coronavirus
Do governments and central banks respond strong enough for the markets to see a strong initial rebound out of this crash?
The Real Black Swan
The coronavirus is what I call a real “black swan”. Something that comes out of the left field and is different enough from past such pandemics.
The Federal Reserve Bank Has No Clothes
The Fed might be a financial emperor with no clothes, but as long as people believe, then they can keep the fantasy going.
China: The Emperor Has No Clothes
China has over-expanded, urbanized too rapidly and, has excess capacity in everything from empty condos to cement factories. It is the epicenter of the greatest and most global bubble in modern history, and it will fall the hardest.
Just A Corona Correction?
The markets on crack have largely ignored the coronavirus, which obviously could be a potential game-changer.
The Coronavirus Goes Global
When such a deadly virus hits, the first stage is always containment, as has occurred rapidly in China. But when it starts to spread past its origin more rapidly, it gets a life of its own.
The Fate Of Final Rallies
This final bull market peak is now months away, not years, as many are suggesting.
Fed Continues On High Side Of Sideways In Stimulus Since End Of 2019
The printing of money to buy repos and T-bills reached a peak of $424 billion in late December and has moved sideways since and was at $418 billion last Thursday.
Tesla Bubbling Up
Elon Musk was looking like a crazy man in June of 2019 when Tesla stock plunged to a low of $179. But now he’s a real genius, with the stock peaking at $969 on February 4.
Propping Up The Economy
In September, the Fed suddenly injected $60 billion because repo rates had jumped up to 10% overnight. Banks weren’t lending, so the Fed stepped in. Now we may be heading towards a higher balance sheet, printing money faster than ever.
The Coronavirus And The Markets
This new coronavirus has now surpassed the impact of SARS in 2002, with more than 360 dead and 17,000 infected. This has been and will continue to affect China’s economy and its Asian trading partners.
Percent Of Money-Losing IPOs As High As 2000 Tech Bubble Peak
81% of the IPOs in 2018 were profitless – the highest since 2000 also at 81%. Such questionable IPOs always appear near speculative tops like this one.
We’re Seeing Frothy Stocks
Here’s an interesting divergence. Just as stocks head straight up since early October into what looks like the final blow-off phase of this bubble, 97% of corporate CFOs see a recession starting by the end of 2020.
A Worldwide Whirlwind: Will The Markets Sit Tight?
Brexit, Iran, the China trade deal, the USMCA, and of course Trump’s impeachment all have the potential to seriously shift the financial markets...
It’s Repo Madness
The Fed thought it could taper its balance sheet and QE stimulus… and the financial system is telling them, “No way! We need this liquidity to survive as we are still largely insolvent”.
The Great Stock Overvaluing
If anyone tells you the market isn’t that overvalued… just give them a little slap and keep walking.
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