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We Can't Have a Recession - Economy Now on Life Support (Video)

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In this 2 November 2024 video, the host Todd Sachs talks with Harry Dent, Jr. why we can’t have a recession. Look out when these bubbles burst, our economy is on life support!

The basis of Dent’s investment thesis, spending wave theory, is that consumer spending related to the generational formation of families has a profound effect on the market value of investments such as financial securities, real estate, and gold. Dent’s spending wave theory posits that young adults spend little within the greater economy, and spending increases while they rear children. It peaks as children leave home and then slows during the last 15 years of working life (48–63). According to Dent, the decreased spending patterns of the current generation of U.S. baby boomers entering retirement will cause a pronounced downturn in the greater macroeconomy and an associated decline in the value of financial markets.

Todd Sachs is a Maryland Real Estate Broker providing information based on his opinions and the opinions of others regarding the housing market, the U.S. economy and geopolitics affecting Americans.

https://youtu.be/_uiOmdoTWdY


00:00:00 Introduction
00:01:33 Harry Dent, Jr.’s backstory 
00:10:38 Harry’s prediction model
00:32:42 Americans became buyers not producers
00:38:04 Recessions are normal – stop preventing them
00:43:58 Everything is rigged
00:47:21 The incoming crash
01:01:19 The future is stolen
01:07:04 What do you tell our youth



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Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


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