It's too long for me to provide a summary, but what I'll do, is highlight the statements I disagree with, in order to avoid any confusion with my readers:
- "There is not enough gold to return to the gold standard". That's nonsense. It's like saying there isn't enough kgs to move to the metric system.
- Bubble are great for the economy. I don't think I need to debunk that one...
- "Economists are very smart people". Uh... Hello?
Finally, I would like to point out that this interview was made on the 12th of January 2010. So it's easy to find out whether he was right, or not, on what his forecasts.
5 comments:
Thanks a lot Anonymous.
I'll check this out — provided it's not just spam. Otherwise, I'll remove it :-)
At least Prechter follows the market and is a super talented trader / investor, if not one of the best ever and also a contrarian (majority of the time).
Even though I disagree with Prechter's outcomes, I read his newsletters first thing when I get them and have a lot of respect for the guy - wrong or right.
On the other hand, Mr Dent is totally clueless and always super bearish at inflection points or bottoms. Great contrary indicator! In other words, you can make a truck load of money by doing the opposite to Mr Dent...
I find it funny when people call dent a super bear or always negative - he was an ultra bull at one point. He also writes about the greatest investment op of our life times, which he claims will be in the very near future. That said - he seems to get the big picture right but his scope and timing are often a bit off.
FYI - the link provided in the first post is SPAM!
Thanks anonymous for clarifying about the spam. I hadn't had a chance to follow through.
As per Harry S. Dent, he's not a trader, he forecasts trends over 5-10-15 years, so you can't use his advice to day-trade.
Post a Comment