Something's Got To Give

A wise man once said that if you need to take viagra to have sex, you need to know you have a low libido.

And if you need to pop a second pill, you need to know you’re dead.

That’s how I feel about the global economy at the moment.

We’ve been in a significant downturnrn lately, with all the flashing lights indicating that we’re heading for even more.

Look around: Germany’s headed toward a recession. Italy’s already there. The retail and financial sectors have been underperforming for months. Home construction peaked two years ago. RV sales have come crashing down. And we’re at a critical point in the stock markets, created by falling bond yields, a weak economy.

We’re in the dead zone, with massive governrnment stimulus and still more planned. Trump is already talking about payroll tax cuts. That’s the one thing they haven’t done yet.

Something’s got to give. We’ll either break out of this to the past highs of July, or plummet down to the lows of early June.

I’m afraid to hold my breath.

Harry Dent: Accept the Debt & Move On

No matter how much we stimulate the economy it’s just going to get weaker, says Harry Dent. Watch now to get his recap on the week’s financial news & why he thinks we’re at a critical point in markets. Check out Harry’s latest bestseller, Dark Window, here:

Posted by Economy and Markets on Friday, August 30, 2019

Harry Dent

Bestselling author and founder of Dent Research, an affiliate of Charles Street Research. Dent developed a radical new approach to forecasting the economy; one that revolved around demographics and innovation cycles.