Economist Harry S. Dent tells Investor’s Business Daily Fiscal Cliff is Least of Stock Market’s Worries
TV talking heads and news headlines are heralding the fiscal cliff's danger to the U.S. economy. But a greater threat lies in wait thanks to the European debt crisis and slowing growth in China, says Harry Dent.
The CEO and founder of HS Dent, a Tampa, Fla.-based economic research and forecasting firm, says we're on the brink of a "global meltdown" once the "debt bubble" explodes, regardless of what happens in Washington. He explains why this is and how ETF investors can protect their money.
Dent developed the Dent Method, which bases economic outlooks on demographic trends.
Harry S. Dent interviewed on CNBC by Rick Santelli for Global Market Report discusses question, Can Europe Implement Austerity Without Pain? Dent says that if Spain goes back for second round, Europe's done. Says history and demographics show need for no pain no gain -- stimulus has been putting off eventual recovery. Must go through debt restructuring to get from winter to spring.
Economist/ Author Harry Dent issues a sobering forecast on the path of the markets on Fox Business News with Neil Cavuto.