The economic bubble, inflated by the reckless policies of the Biden regime, is on the brink of bursting. This is not a baseless claim but a prediction made by renowned economist Harry Dent. He warns that when this bubble does burst, it will lead to a financial crash more severe than any we’ve seen in our lifetimes.
Dent first issued this warning in December and despite the stock market’s seemingly robust performance, he remains unwavering in his prediction. The government’s artificial propping up of the economy through excessive stimulus checks and other monetary injections is not sustainable. History has shown us time and again that such bubbles always burst, leading to catastrophic consequences.
“The government created this bubble 100 percent… totally artificial, injecting a drug to artificially perform stronger. And again, everything from human life to history shows, you don’t get something for nothing, and bubbles always burst… it’s a much, much higher possibility than anybody gives it,” Dent said on Fox Business.
Such dire predictions should not be taken lightly or dismissed as mere fearmongering. Dent points out that without the $27 trillion stimulus package introduced by the Democrats to supposedly save the economy from recession, we would have been on a natural economic cycle from 2008 to 2022.
Instead of allowing for a natural correction in the economy which might have been painful but ultimately beneficial in the long run, our Democrat-led government chose to pump more money into an already inflated economy. This has only delayed and potentially worsened what Dent refers to as ‘the day of reckoning’.
“We have never seen [the] government sustain a totally artificial bubble for a decade and a half, and see what happens after that,” he said, according to Business Insider. “But I can tell you, there has not been one bubble, and this is far larger and longer, one major bubble in history that has not ended badly, period.”
Such artificially sustained economic bubbles do not just deflate gently. They burst. And when they do, the fallout is severe. Dent predicts an imminent crash around early to mid-2025 which will see major stock indices like the S&P and Nasdaq plummet by around 86% and 92% respectively from their peak.
This prediction should serve as a wake-up call for us all. It’s high time we question the wisdom of the Democrats’ reckless economic policies before it’s too late.