Top Economist Predicts Stock Market ‘Crash of a Lifetime

In a dramatic forecast that challenges the mainstream economic narrative, renowned financial author and economist Harry Dent has once again projected a catastrophic collapse in the stock market. During his recent interview with Fox News, Dent maintained that the unprecedented “everything bubble” is on the brink of bursting, potentially leading to a more severe financial crash than the one witnessed in 2008.

Dent’s prediction isn’t new. He first sounded the alarm last December, but his latest comments reiterate the urgency and magnitude of the impending crisis. According to Dent, the current economic scenario is unique due to its artificial underpinnings. “In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new. This has never happened,” Dent explained. His analogy is stark: “What do you do if you want to cure a hangover? You drink more. And that’s what they’ve been doing.”

The crux of Dent’s argument lies in the prolonged intervention by central banks, which have flooded the economy with money for over a decade. This action, he argues, has inflated the bubble to an unprecedented level, setting the stage for a historic collapse. “Instead of most bubbles [going] five to six, it’s been stretched higher, longer. So, you’d have to expect a bigger crash than we got in 2008 to ’09,” he added.

Dent’s projections are nothing short of alarming. He predicts that the S&P 500 will plummet by 86% from its peak, while the Nasdaq could see a 92% drop. Even top-performing stocks like Nvidia are not spared, with Dent forecasting a 98% decline. His assertion is unequivocal: “We have never seen [the] government sustain a totally artificial bubble for a decade and a half, and see what happens after that,” he said. “But I can tell you, there has not been one bubble, and this is far larger and longer, one major bubble in history that has not ended badly, period.”

While major indexes like the S&P 500, the Dow Jones, and the NASDAQ showed growth last month, Dent remains steadfast in his pessimistic outlook. He estimates that the market crash will likely occur between early and mid-2025. Much like the 2008 crisis, Dent believes the housing sector will play a pivotal role in the impending financial meltdown. “No time in history has housing been so widely owned and so many people having second and sometimes third homes just for speculation,” he noted.

Despite facing criticism for his dire predictions, Dent remains unapologetic. Critics accuse him of fear-mongering, but Dent stands by his analysis. “I just say what I see and, frankly, don’t give a damn if people don’t like it, because you [have] got to choose: Are you going to tell the truth, or are you going to make people happy?” he responded.

For Dent, it’s simple: history and economic fundamentals cannot be ignored. He emphasizes that the current bubble, sustained by trillions in stimulus, is inherently unsustainable. “You don’t get something for nothing, and bubbles always burst … it’s a much, much higher possibility than anybody gives it,” he concluded.

As this ominous prediction casts a long shadow over the markets, investors and policymakers alike must reckon with the potential consequences of years of artificial stimulation and economic manipulation. The coming months will reveal whether Dent’s warnings hold true.

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