Harry S. Dent interviewed on GoldSeek radio on the 14th of May

Harry S. Dent was interviewed yesterday on GoldSeekRadio. In this rather short 10 min interview, Harry goes through the following points:
  • The Dollar has been oversold for almost two years, and has now hit a major bottom
  • QE2 was supposed to decrease long term rates but rates are a whole percentage point higher than when QE2 was first announced. QE2 was a desperate attempt and a major stimulus that failed and only allowed for market speculation. Should QE3 be announced, rates would go higher, not lower.
  • Expects another major crash in equities and commodities, but currently sticks to his late July-August timeline.
  • Other comments include opinion on housing, spending, deleveraging and deflation.

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