‘The Man Who Predicted Japan’s Lost Decade… The Recession of 1990-92… The Biggest Bull Market Run in U.S. History… and Most Recently, the 2008 Credit Crisis and Stock Market Crash… Harry Dent Now Predicts:

"DOW 3300!"

Yes, today the Dow Jones Average may be near historic highs…
but it won’t be for long! The Dow will drop.

‘ As this winter season unfolds between now and 2023, here are some of the things you can expect:

Unemployment will move higher again, to roughly 15% nationwide. It could go as high as 25%

when you include long-term unemployed in the numbers.

Housing prices will fall an additional 30%, despite the biggest stimulus plan in history and the

lowest mortgage rates in 40 years.

Personal bankruptcies and property foreclosures will soar as much as 30%. Consumers are

simply saddled with too much debt — $42 trillion or $140,000 for every man, woman and

child in America — for there to be any other outcome. Falling income will only make matters

worse.

State and municipal governments will be forced into default, especially at the city and country

level. Their budgets are already in crisis and the Federal Reserve is running out of money with

which to cushion these institutions.

The Federal deficit will balloon from $1.3 trillion to as much as $3 trillion because of huge revenue

shortages.

The global credit crisis – phase II – will continue to spread around the globe like a contagious

virus. Greece is already down. Spain will be next.

A second banking crisis will out, despite the lessons “learned” in 2008. Mortgage companies have

resumed offering low interest, no principal “teaser” loans. Investment banks have begun taking un

necessary risks again. And this time, there’ll be no money for a bailout.

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