With its "zombie" public companies and small-business failures, the U.S. economy is "dead," and a second stimulus won't revive it, argued Harry S. Dent Jr. in a recent interview with Treasury & Risk sister publication ThinkAdvisor.
"The contrarian's contrarian," as Dent is known, forecasts that the pandemic-afflicted U.S. economy, amid an enormous Federal Reserve-created bubble, won't bottom out until 2023. He predicts that the stock market will reach bottom late in 2022 or early in 2023. It will be "the lowest stock market of our lifetime."
Dent, 67, accurately called Japan's 1989 economic collapse, the dot-com bust, and the populist wave that delivered the presidency to Donald Trump. He uses propriety research and bases predictions mainly on demographics and trends. As head of HSD Publishing, the Harvard Business School MBA puts out the monthly "HS Dent Forecast" and "Rodney Johnson Report," along with free daily insight "e-letters" (see www.harrydent.com). Dent has also written a number of bestsellers. His most recent title is "Spending Waves."
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Jane Wollman Rusoff
Jane Wollman Rusoff is a ThinkAdvisor contributing editor specializing in interviews with thought leaders. She has written for ThinkAdvisor since its inception and was a contributing editor to Research magazine, a predecessor to ThinkAdvisor, starting in 1992.
Jane has received two AZBEE Awards from the American Society of Business Publication Editors. She has contributed articles to The New York Times, The Washington Post, the Los Angeles Times and Esquire, among numerous other publications.
Jane has written or co-authored five books, including three written with “Tonight” show creator Steve Allen. Jane was a staff editor with London Express Features and Billboard’s Merchandising Magazine. She has interviewed and profiled thousands of entertainment personalities, including Ray Charles, George Clooney, Angelina Jolie and Meryl Streep.
Jane is the founder of www.FamilyStarProductions.com.
