'Everything bubble' predicted to burst in 2024 by analyst Harry Dent

Dent's prediction is based on analyzing current market trends and economic policies. He asserts that the market has been artificially propped up since 2009 through extensive money printing and deficits totaling $27 trillion over 15 years.

Dent believes this has led to an 'everything bubble' that started showing signs in late 2021, with the NASDAQ falling by 38% in 2022. He predicts an 86% crash in the S&P, a 92% crash in NASDAQ, and a 50% decrease in real estate values.

Despite recent rallies predominantly suggesting mild recession expectations, Dent continues to assert that an impending "everything bubble" will burst in the coming year.

In their annual projections, policymakers factored in the possibility of three rate cuts, which would bring the federal funds rate down to a range of 4.4% to 4.9%, compared to the current range of 5.25% to 5.50%.

Dent contends that a soft landing is highly unlikely when examining the Federal Reserve's expected rate path. He predicts that ongoing disinflation will evolve into deflation, marking the first time since the 1930s, and he believes the central bank is dealing with a fragile economy.

Dent criticizes the Federal Reserve's policies, arguing that their actions during and after the COVID-19 pandemic have exacerbated the situation. He advises Americans to withdraw from the market, anticipating severe deflation and a deep depression lasting 12 to 14 years, exacerbating the wealth gap.

Contrarian economist

Harry Shuler Dent Jr. is that he is a well-known American financial newsletter writer, a New York Times bestselling author, and a Harvard-educated economist known for his contrarian perspectives in economics.

His career is distinguished by his unique approach to economic analysis, avoiding traditional models and assumptions. Dent has made significant contributions through his proprietary research, predictions about overvalued markets, and excessive stimulus spending.

He founded Dent Research and HSD Publishing, through which he offers unique insights and forecasts about economic and market trends.

Unique forecast

This prediction is rooted in the unique economic circumstances resulting from the 2008 financial crisis and the COVID-19 pandemic.

The Federal Reserve and other central banks worldwide responded to these crises with significant monetary stimulus, including lowering interest rates and quantitative easing. This led to increased market liquidity and a surge in asset prices.

Dent's forecast comes from these prolonged economic interventions, which he believes have created unsustainable market conditions leading to an inevitable crash.