339: Harry Dent Rants, Coronavirus Cover-Up, China Peaked
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Jason Hartman with guest, Harry Dent, for the rant of the year! \\u201cThis is a bubble that is waiting to pop,\\u201d says Dent as he opens up about the Coronavirus just being a cover for some underlying economic issues. \\u201cThis is much worse than a debt-bubble; it\\u2019s a financial asset bubble.\\u201d
Harry speaks on his thoughts about gold, cryptocurrency, and inflation. Specifically, asset vs. consumer inflation. What causes inflation? What\\u2019s to be expected in the future when it comes to commercial real estate? What will happen to the once sought after McMansions?
Key Takeaways:
[1:30] This is a bubble that was waiting to pop, and Coronavirus was just the cover.
[2:00] All of this money printing does not stop the virus.\\xa0
[6:00] There is no going back to normal after 25% of restaurants, and some areas closed down.\\xa0
[12:45] China has already hit its peak. They\\u2019re going to have trouble keeping up with India.
[14:30] What is Harry Dent\\u2019s opinion on cryptocurrency, bitcoin?\\xa0
[17:45] Gold correlates with one thing, inflation.\\xa0
[19:30] Money printing doesn\\u2019t necessarily cause inflation.
[20:30] What does cause inflation?
[23:15] Asset vs. consumer inflation, that\\u2019s the bubble.\\xa0
[25:00] This is way worse than the debt bubble; this is a financial asset bubble.
[29:30] Commercial real estate and McMansions will collapse while the 3/2 will go on to thrive.\\xa0
[35:00] The first billionaires were born of the great depression.
Websites:
www.JasonHartman.com/properties
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