Harry S. Dent Jr.'s Blog, page 150
June 6, 2015
Customized Human Genome Mapping for Precision Medicine!
June 5, 2015
Pennsylvania Gambles $3 Billion With Taxpayers and Retirees
Haven’t we had enough financial shenanigans for one lifetime? Can’t we at least wait for the next generation of politicians and bankers before we repeat the economic sins of the last decade or so?
Apparently not.
Clinton’s Competition: How Will the Markets React?
June 4, 2015
Don’t Run for the Hills Just Yet!
Personally, I’m not a big fan of heights! I could sweat buckets just imagining myself at the top of a 20-foot ladder. It’s only natural — I once broke my wrist falling off one.
Even at a recent Dent Research team retreat when we climbed, crawled, and dangled from a 30-foot high ropes course, my nervous hands could barely grip the rope they were so sweaty — even though I had a harness!
Today, the markets are resting atop a 20-foot ladder… and investors are smelling of fear.
June 3, 2015
The Fed’s Failure: New Home Sales Back to 1960s Levels
A problem with most humans is that we’re really bad at letting go of what happened yesterday. So too with nations. When estimating potential threats, it’s easy for leaders to adapt to whatever happened in the latest conflict, developing their military accordingly.
Think of the U.S. after World War II. We built up land forces across Europe to guard against an invasion by the U.S.S.R. Later on in Vietnam we dove into jungle warfare, where tanks and mass forces were less useful. We were set up to fight the last war, not the next one.
In our economy we do the same thing. We develop economic policies and responses that work great, as long as history repeats. When things stray from the script, we run into problems.
For six long years, the Fed has been fighting the last war.
June 2, 2015
Uptown Slowdown: The Rich Are Slowing Their Spending Now, Too!
Recent statistics show that the affluent are rapidly slowing in their spending. Economists are surprised, as usual. We’re not. The beauty of demographic trends is that they allow us to see changes in spending well ahead. It’s the single best indicator we have for the economy.
This is even more important in a time when many leading indicators no longer work, thanks to an economy artificially manipulated by quantitative easing. What we know from our research is that the demographic blows have already started to hit us since 2007, but that they’ll get markedly worse through 2020 and 2022.
