Harry Dent’s Formula for Surviving the Great Bust Ahead

by Karen Roche
The Gold Report

With a perfect storm brewing on the horizon, investors should be building their cash cache and running for cover, warns Harry Dent, author of The Great Crash Ahead. In this exclusive interview with The Gold Report, Dent explains how central bank stimulus programs are fighting a futile battle because a huge army of aging baby boomers has reached the stage in their economic lifecycles when they curb spending. How is Dent preparing for the gathering storm? Read on. . .

The Gold Report: Your considerable research over many years indicates that the size and age of its citizens drive a country’s economic growth or decline. Because people have predictable consumption patterns throughout life, you can predict well in advance national economic growth or decline. How does that work?

Harry Dent: We’ve identified a peak spending wave indicator that correlates strongly with the stock market and the economy. It doesn’t apply so much to emerging countries, where we look at urbanization rates, which greatly affect incomes, and workforce growth because emerging nations don’t have a middle-class curve where typical consumers earn $60,000 a year at the peak of their careers.

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