Fri, 3 July 2020
Jason Hartman with guest, Harry Dent, for the rant of the year! “This is a bubble that is waiting to pop,” says Dent as he opens up about the Coronavirus just being a cover for some underlying economic issues. “This is much worse than a debt-bubble; it’s a financial asset bubble.”
Harry speaks on his thoughts about gold, cryptocurrency, and inflation. Specifically, asset vs. consumer inflation. What causes inflation? What’s to be expected in the future when it comes to commercial real estate? What will happen to the once sought after McMansions?
[1:30] This is a bubble that was waiting to pop, and Coronavirus was just the cover.
[2:00] All of this money printing does not stop the virus.
[6:00] There is no going back to normal after 25% of restaurants, and some areas closed down.
[12:45] China has already hit its peak. They’re going to have trouble keeping up with India.
[14:30] What is Harry Dent’s opinion on cryptocurrency, bitcoin?
[17:45] Gold correlates with one thing, inflation.
[19:30] Money printing doesn’t necessarily cause inflation.
[20:30] What does cause inflation?
[23:15] Asset vs. consumer inflation, that’s the bubble.
[25:00] This is way worse than the debt bubble; this is a financial asset bubble.
[29:30] Commercial real estate and McMansions will collapse while the 3/2 will go on to thrive.
[35:00] The first billionaires were born of the great depression.