Harry Dent Webinar Update

[lou]

Hey guys

I have watched this webinar presented by Harry Dent.
Harry is a US financial writer. Author of "the great boom ahead", and "the great depression ahead"
It is only up for a a day so if you want to watch be quick.
The meat of the webinar is the first 40Mins, then about 15mins of him try to sell you his news letter, then a 15min Q&A at the end.

http://www.hsdent.com/video/index.html

I have a couple of questions for the community:
1) How do you think his predictions stack up?
2) What affect will they have on the ASX and NZX?
3) Do you think his prediction of deflation is true?
4) What other thoughts comments on him?

I am not affiliated with Harry Dent and only posting this link to facilate discussion on this forum. If moderators wish to remove the please do so in a couple of days as the link will be dead.

[Hoop]

Another person with a crystal ball.
A good guide to these people is to look up their prediction historys...so I did with this one below
Harry Dent predicts 2010 crash ,depression click here http://vodpod.com/watch/2372650-harry-dent-predicts-2010-crash-depression.

I did click here and got a message saying this video you are trying to watch is currently unavailable. Please check back soon.:mellow::mellow::mellow::mellow::mellow:
Hmmm perhaps he's editing it as we speak... maybe altering the dates..eh;););)

So ...I struck out with that 2010 prediction history that's enough time wasted by me on this guy...now back to the real world....speaking of which...I wonder if he's related to Arthur

[drillfix]

The meat of the webinar is the first 40Mins, then about 15mins of him try to sell you his news letter, then a 15min Q&A at the end.

http://www.hsdent.com/video/index.html

I have a couple of questions for the community:


Hi Lou,



1) How do you think his predictions stack up?

Pretty much the same as this guy.
http://www.youtube.com/watch?v=KqO64-ipqAM&feature=share

There is much of what he says is true, some of it crystal ball stuff, some is just estimation which anybody could punt on prediction.

Each to their own I guess.


2) What affect will they have on the ASX and NZX?

Have you ever heard the expression a Falling Tide lowers all ships?


3) Do you think his prediction of deflation is true?

See question 1 answer.

Some people are in the business of selling confidence and boom, some are in the business of selling fear and doom. I think he is in the 2nd category.


4) What other thoughts comments on him?

He sounds like he is doing too much Coke himself. Either that, or he has the flu or something sniffling all the way through the seminar.



Sorry if this does not answer your questions fully but all you really need to do is just googling some key words and you will find hundreds if not thousands of links surrounding this type of crystal ball type stuff.

Cheers~!

[skid]

Sounds like he is basically saying that hudge amounts of debt are going to be written off,thus reduceing money supply and causeing deflation...Opinions??

[lou]

Sounds like he is basically saying that hudge amounts of debt are going to be written off,thus reduceing money supply and causeing deflation...Opinions??

Thanks for trying to open up this thread to discussion,

The other point he was making is the private sector debt is so much larger than public sector any stimulus will have little effect on the total economy.

For example if is a reduction private sector debt through paying down loans it will see a reduction in the money supply. This basicaly the opertsite of the money multiplier effect (http://www.investopedia.com/terms/m/multipliereffect.asp). This reduction in money supply will cause deflation.

[Skol]

I've got a book here by Harry Dent that reckoned by 2007 or thereabouts the DJIA would be 21,500.