Top US economist predicts stock market crash worse than 2008 recession, 'This is over'
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American economist Harry Dent predicts that the S&P will go down 86% from the top and the Nasdaq 92%, resulting in a stock market crash worse than the 2008 recession. Dent warns that the current market situation is a calm before the storm and that the "everything" bubble hasn't burst yet. He believes that the bubble, which has been going on for 14 years, will eventually burst and lead to a crash of a lifetime. Dent attributes the prolonged bubble to artificial stimulus and excessive money flooding the economy. He predicts significant declines in top-performing stocks like Nvidia, with a potential drop of 98%. Dent's views are based on his expertise as an economist and his previous book, 'The Great Depression Ahead.'
#StockMarket #Crash #Economist #2008Recession #HarryDent
https://www.hindustantimes.com/world-news/us-news/top-us-economist-predicts-stock-market-crash-worse-than-2008-recession-this-is-over-101718047805056.html