Brief by Shorts91 Newsdesk / 05:50am on 11 Jun 2024,Tuesday Business
Harry Dent, a top US economist, warns that a huge stock market crash is coming, potentially worse than the 2008 financial crisis. He believes the "everything" bubble, fueled by artificial stimulus, is yet to burst. Dent notes that most bubbles last 5-6 years, but this one has gone on for 14, making a bigger crash likely. He predicts a significant market downturn when the bubble finally bursts. Dent's warning suggests that the prolonged bubble may lead to a devastating economic crash, surpassing the Great Financial Crisis.
