3 doomsaying experts who foresee economic devastation ahead


BOOK REVIEW

The Great Crash Ahead, Author: Harry Dent.

Conquer the Crash, Author: Robert Prechter.

By Adam Shell – Behind the mainstream Wall Street happy talk about more stable financial markets and an improving economy are grim warnings of tough times ahead from a small cadre of doomsayers who warn that the worst of the financial crisis is still to come.

Harry Dent, author of the new book The Great Crash Ahead, says another stock market crash is coming due to a bad ending to the global debt bubble. He has pulled back on his earlier prediction of a crash in 2012, as central banks around the world have been flooding markets with money, giving stocks an artificial short-term boost

Gerald Celente (publisher of The Trends Journal newsletter), a trend forecaster at the Trends Research Institute, says Americans should brace themselves for an “economic 9/11″ due to policymakers’ inability to solve the world’s financial and economic woes.

Robert Prechter, author of Conquer the Crash, first published in 2002 and updated in 2009, is still bearish. He says today’s economy has similarities to the Great Depression and warns that 1930s-style deflation is still poised to cause financial havoc. more> http://is.gd/8rQrBd

About these ads

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s