Economist warns of ‘ONCE IN A LIFETIME’ crash to send markets into CATACLYSMIC freefall
AN ECONOMIST has warned American citizens to prepare for a “once in a generation” economic collapse, similar to the Great Depression of the 1930s.
By JOEY MILLAR
Express.co.uk
Mon, Dec 12, 2016
Harry Dent, an economics forecaster and writer, said the rise in investment since Donald Trump’s presidential election win was setting America up for a fall.
He said he expected the country’s economy to grow sharply over the next few months before crashing in scenes not witnessed since the inter-war period.
Mr Dent predicted: “I think this is going to be a stock market peak of a lifetime followed by a crash very similar to the early 1930s. This happens once in a lifetime.
“I think this is the last rally in this bull market. You can’t have stocks keep going up at this rate when earnings are going nowhere.”
He said Mr Trump’s many election pledges, primarily creating millions of jobs in the country and kick-starting dying industrial towns, would prove to be his downfall.
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