The Rise of the “Ghost Cities” Should Scare You to Death
I recently sat down with Harry Dent, the Founder of Dent Research, to discuss his new book, Demographic Cliff: How to Survive and Prosper During the Great Deflation of 2014-2019.
As the title suggests, Harry predicts that a bout of deflation will hit this year. And he expects it to lead to an even bigger crash than what we saw in 2008.
A bold claim, for sure. Yet when I asked him to back it up, he unloaded an endless stream of eye-opening – and frankly, terrifying – stats.
Here’s one of the worst…
According to Harry, four cycles he tracks closely haven’t all been in a downtrend “anytime in the last century – except for 1930-1934.” Yet they’re all about to turn south this year.
He also revealed one sector that’s “never going to be the same,” and what this “zero-return investment” means for your financial future.
Oh, and you won’t want to miss what he has to say about how China’s “Ghost Cities” are creating the “greatest bubble in history.”
Click on the image below to hear the interview in its entirety.