Harry S. Dent Jr.'s Blog, page 39

Opinions, Decisions, and Poetry

November has arrived, bringing with it the season of feasts, festivities, and holiday cheer.

It also brings with it the dreary task of voting…

On November 6, 2018, the ballots will be counted, and we, the people, will have determined who rules the house — Democratic, Republican, or otherwise.

With this, Trump’s position as POTUS will be either reinforced or challenged.

That’s not what I’m here to talk about though. Politics, at this point, is a noise in the market that obscures what we should or shouldn’t be trading.

Does politics affect the market? Of course. But it’s still noise, and I don’t know about you, but I’m tired of hearing it.

Quite frankly, I’m glad it’s time to get out and vote so we can move on.

But, don’t wait until Tuesday to tune out the political noise. It’s important that you align yourself with a profit-generating system NOW to brace yourself for the resulting flux in the post-Election Day economy.

Harry has been calling it for a while now that this may be “the Big One.”

David Stockman has claimed that the Mother of All Yield Shocks is imminent.

Even Adam O’Dell has warned subscribers about some data that doesn’t bode well for the future…

The point is this: Prepare now for what’s to come. And I assure you, it is coming. And here at Dent Research, we’ve dedicated our lives to helping you not only prepare, but to profit as well.

Now, in light of this year’s upcoming Election Day, and as a lover of literature, I leave you with some food for thought.

While William Ralph Emerson may have only been an architect, and second cousin to the famous Ralph Waldo Emerson, I believe his poem to be good, and it rings true in today’s turbulent times…

A Nation’s Strength

By William Ralph Emerson

What makes a nation’s pillars high

And its foundations strong?

What makes it mighty to defy

The foes that round it throng?

It is not gold. Its kingdoms grand

Go down in battle shock;

Its shafts are laid on sinking sand,

Not on abiding rock.

Is it the sword? Ask the red dust

Of empires passed away;

The blood has turned their stones to rust,

Their glory to decay.

And is it pride? Ah, that bright crown

Has seemed to nations sweet;

But God has struck its luster down

In ashes at his feet.

Not gold but only men can make

A people great and strong;

Men who for truth and honor’s sake

Stand fast and suffer long.

Brave men who work while others sleep,

Who dare while others fly…

They build a nation’s pillars deep

And lift them to the sky.

Here’s What You Missed…

THE NEXT 10 YEARS, NOT THE NEXT 10 MINUTES

By Rodney Johnson, Senior Editor, Economy & Markets

I’m tired! I’m still trying to catch up on sleep after our sixth annual Irrational Economic Summit in Austin last week. It was a jam-packed three days.

OUR MERRY BAND OF CONTRARIANS!

By Harry Dent, Founder, Dent Research

Boy, was this a good time for our Irrational Economics Summit or what? And we covered it from all angles…

INFLATION CHILLS, GDP THRILLS…

By Lance Gaitan, Editor, Treasury Profits Accelerator

It is Halloween. But this is no time to get spooked.

Well, wait until Friday. That’s when we’ll see the monthly jobs report for October, and it could mean even more volatility…

A TRAIL OF BUBBLES

By Harry Dent, Founder, Dent Research

So far, the 21st Century has seen one B.S. bubble after another…

THIS IS THE REAL REVOLUTION [VIDEO]

By Harry Dent, Founder, Dent Research

People think that the average person drives elections.

But it’s not.

That’s all for this week.

Take care, take care.

Coty

The post Opinions, Decisions, and Poetry appeared first on Economy and Markets.

This Is the Real Revolution

My father told me a secret about political strategy when I was young. It’s a secret Donald Trump used to win the Presidency.

People think that the average person drives elections.

But it’s not.

It’s the All-Star Wrestling fans.

And that’s exactly who Donald targeted during his campaign – the most dissatisfied, angry citizens in the country.

People would call Donald a disruptor, but I’d change that definition a bit, and in today’s video I’ll explain to what, and why…

Here’s the thing: as much as I dislike the man… I like what he’s doing! He’s breaking down the system. He’s elevating the angry people.

This is the seeds of revolution.

A revolution in everything!

Watch now to hear the details.

Harry

Follow me on Twitter @harrydentjr

The post This Is the Real Revolution appeared first on Economy and Markets.

A Trail of Bubbles

So far, the 21st Century has seen one B.S. bubble after another.

Even worse, these bubbles have inflated beyond any recognizable or manageable form. They’ve morphed into monsters, seemingly with minds and wills of their own.

There are, at the least, two forces at play here: central banks (the crack dealers)… and cycles. Let’s continue our discussion of the most important cycle that will impact us next year, particularly in the last half…

The steam engine and factory cycles built on the scientific revolution cycle before it and peaked around 1830.

Then there was a new bubble in canals, which opened the Midwest to the Atlantic, especially Chicago, and created the great Midwest migration that, in turn, sent real estate and stocks booming into 1836 with Uncle Sam financing it with cheap money and easy loans.

What a crash that followed! The first great reset.

Chicago had the greatest real estate crash for a major city in U.S. history after seeing the most extreme bubble ever. That 1836 bubble was just the icing on the cake before the next great reset and depression from 1837 into 1843.

The railroad cycle built on the steamship cycle with steamships first greatly advancing north-south transportation and transatlantic, and then railroads more east-west and transcontinental movement.

The railroad boom did indeed peak in 1920, but there was an early auto bubble that peaked in 1929, even though urban households only had one car each in that first stage when we were, at best, 50% urban.

The 1929 to 1932 great reset followed and was the most extreme in history – an 89% stock crash.

At that peak we had a rare direct convergence of the Generational Spending Wave, the Geopolitical Cycle, and the Innovation Cycle on a nine-year final bubble lag. That’s why it was so extreme and concentrated.

By 1965 there were two cars for each household, including suburban and rural – or four times the magnitude.

That all happened from the end of World War II into 1965. That was when we saw the mainstream acceleration stage of that 45-year cycle.

The internet and personal computing cycles that peaked in 2010 built on the electricity (and auto) cycle that peaked in 1965. Handheld computers hooked up to the internet were simply the ultimate electrical appliance. And when did portable cell phones turn into hand-held computers, i.e. the iPhone? During that acceleration phase from 1988 to 2010 (iPhone was introduced in 2007).

Now, in this cycle, the internet peaked just after the demographic cycle peak of 2007, unlike when railroads peaked nine years before the demographic peak in 1929. (Also note that the Geopolitical Cycle peaked in 2001 around 9/11 – hence, three major market peaks: 2000, 2007, and ahead, 2018/19).

Why?

Well, because the Innovation Cycle is a bit longer than the typical demographic cycle.

And here we are now, eight years after the Internet Cycle peak of 2010, in 2018, with the greatest bubble of all centered around social media, biotech, and, of course cryptocurrencies (the biggest and late stage bubble of them all)! If not now, by late 2019 this bubble following the Innovation Wave should peak and we see the final crash of this Winter Season from 2008 until 2023.

See the synergy here in cycles?

But Why Is the Bubble Buster So Important?

I’ve given the 45-year Innovation Cycle increasing prominence in my hierarchy of four cycles, and more so in this double, 90-year Bubble Buster Cycle that builds on the last cycle in a bigger way.

If you look at these 45-year cycles in 90-year pairs, you can see that the 90-year derivative brings more important organizational design and shifts that have the greatest impacts on productivity for decades to follow – like the factory system and the assembly line in the past two major cycles.

The current one is bringing the early stages of what I call the bottoms-up “Network Revolution.”

The major scientific revolution of the mid-1700s and the steam engine and factory trend peaked around 1830. Add seven years for the first steamship and canal bubble and you get the extreme bubble top of 1836/37 and the great depression of 1837 to 1843.

The steamship and then railroad cycles peaked in 1920, followed by the early auto and radio bubble that peaked in 1929… and then we saw the greatest crash of 1929 to 1932 and the Great Depression lingering into 1942.

Now the electricity and internet cycles peaked in 2010. Adding seven to nine years to that would put us in the late 2017 to late 2019 time-frame, with a seemingly possible peak in late 2018.

So, the next and final stop is likely late 2019 at the latest. The major reset and depression bottoms of 1843 and 1933 were exact at 90 years. The next should bottom by around 2023 – just five years from now.

The stock bottoms were one year earlier in 1842, 1932, and next, likely, 2022.

So, again, put on your seatbelts for the ride on the “Great Bubble Buster.”

Harry

Follow me on Twitter @HARRYDENTJR

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Inflation Chills, GDP Thrills…

Those of you with kids and grandkids are probably all set for all sort of “trick-or-treat” adventures tonight…

That is, if you still have that kind of patience after trying to make sense of this all this new market volatility.

It is Halloween. But this is no time to get spooked.

Well, wait until Friday. That’s when we’ll see the monthly jobs report for October, and it could mean even more volatility…

Markets have posted a two-day mini-rally into Wednesday’s close, with momentum perhaps provided by a relatively tame inflation report on Monday.

The Personal Consumption Expenditure Index was up just 0.1% month over month and slowed to 2% from 2.2% on a year-over-year basis.

The “core” PCE Index reading – excluding volatile food and energy prices – was up 0.2%, exceeding the 0.1% consensus forecast. It’s safe to say it’s still “within trend,” however.

Core PCE maintained its 2% year-over-year pace from the prior month.

Personal incomes rose just 0.2%, and that’s half of the consensus forecast of 0.4%. At the same time, however, August income growth was revised up to 0.4% from 0.3%.

Spending growth outpaced income growth at 0.4%, and August’s pace was revised higher to 0.5% from 0.3%.

Buy, American, Buy…

Strong spending is actually the primary factor behind stronger-than-expected third-quarter gross domestic product (GDP) growth.

Indeed, the Commerce Department reported the U.S. economy expanded by an expectations-beating 3.5% during the third quarter.

It’s just the “advance” number, so it’s subject to revision…

But the consensus forecast was for 3.3%. And, along with 4.2% growth from April through June, this is the best back-to-back gross GDP growth we’ve seen in four years.

GDP is the broadest measure of our economy. But the most important part is consumer spending, which accounts for about 70% of all economic activity.

Consumer spending was strong in the third quarter, growing by 4% against a forecast of 3.3%. And it accelerated from 3.8% during the second quarter.

But here’s the thing: More recent data suggest consumer spending must slow. Wages simply aren’t rising fast enough to support the kind of growth we’ve seen.

This House Is on Fire

September new home sales were down 5.5% compared to August to an annualized rate of 553,000.

That’s below an expectation of 625,000. On top of the disappointing September sales, August and July sales were adjusted down, by 44,000 and 5,000, respectively.

Prices were up 0.3% on the month. But they’re down 3.5% from the same time in 2017. And sales are down 13.2% year over year. Prices, too, will start to come down.

This weakness is a major concern. New home sales drive a lot of economic activity, including purchases of new furniture and appliances and finishing touches such as landscaping and other improvements.

The U.S. housing market’s been showing signs of distress since early 2018.

And a home is usually the most valuable asset an American owns. It’s important; I’ll continue to watch it closely.

Lance

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Our Merry Band of Contrarians!

Boy, was this a good time for our Irrational Economics Summit or what?

The markets kept tanking right into it. Some of my classmates from Harvard Business School came in as I was warning that the Great Reset is coming now, or by late next year.

We covered it from all angles…

George Friedman on the culmination of geopolitical pressures from dangerous nations like Russia, Saudi Arabia, and Iran, who are suffering from outdated political strategies and falling commodity prices. And the great mercantilist export economies of China and Germany that seem the strongest but are the most vulnerable to a global downturn. He says: “It’s not Germany keeping the euro together, but it’s the euro propping up Germany’s giant export machine.”

Neil Howe showed similar generation cycles to mine, but more from social trends. We’re in the crisis cycle when Millennials come of age — and guess what, they are a lot like the G.I., or what I call the Bob Hope generation. Neil was very informative and entertaining.

Kevin Ashton talked about the Internet of Things. We all have smart phones and internet… and now it’s about hooking zillions of sensors to the internet to make us smarter in ways we can’t understand but will see. That’s the next revolution already in motion. His memorable line: “Technologies are easy to predict, but hard to believe.”

Michael Terpin on why bitcoin could see its biggest rally yet to $25,000-plus by 2022. I actually presented my new more favored scenario where it could get there by late next year after basing in a very bullish pattern around $6,000. It was a great panel on Friday with Terpin, Lou Basenase, me, and Rodney.

Lou Basenase showed his “hype cycle” for new technologies, which comes from the human tendency to overvalue new technologies at first, then undervalue their impact years and decades from now. That happened with the first internet bubble into 2000 and with crypto and bitcoin today… and electric cars.

Then my favorites: Dr. Lacy Hunt and David Stockman. The highlight of the conference was the panel with all three of us. We all showed how the U.S. has filled the pond with unprecedented debt and QE, and now are draining rapidly and thinking everything will be OK…

Not a chance in hell.

Lacy gives a clear history of debt and financial bubbles and how they always end badly… “there will be hell to pay here, and soon!” He gives the only clear view of money velocity and why it is what I call the ultimate “acid test” for economies and countries… and how the U.S. is still the best house in a bad neighborhood.

Stockman showed how unsustainable the present economic trends have been, and will continue to be, despite the temporary surge from the tax cuts. His line: “Trump has as much chance of success with his Make America Great Again programs as pigs flying!” You won’t find a more impassioned speaker in this realm than him.

Adam O’Dell showed how his short-term indicators are pointing towards the chance of higher risks ahead and showed us how to beat the human tendencies that often steer us to be dead wrong when investing.

J.C. Parets, editor of Breakout Profits, did a great job of pointing out the chart patterns that suggest lower lows ahead despite the sharp correction since early October. I even learned a few new things from his presentation.

And I showed the evolution of Dent Research and how we have created one breakthrough after the next over the last 30 years in explaining economic phenomenon that economists still have no clue of and why my biggest and most recent cycle — the 90-year Bubble Buster — hits in this time frame and clearly points to the greatest crash since late 1929 to 1932… late 2019 to 2022 at the latest to be more precise.

In a nutshell… get ready to hunker down, hedge your portfolios, get on proven systems that can do well in up-and-down markets — and the down markets are typically more profitable if the system is good as they occur twice as fast as bull markets…

Especially in bubbles that typically see the first crash down 42% in just 2.6 months on average.

Stick with us and our merry band of contrarians during this Great Reset for the Sale of a Lifetime ahead!

Harry

Follow me on Twitter @HARRYDENTJR

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The Next 10 Years, Not the Next 10 Minutes

I’m tired! I’m still trying to catch up on sleep after our sixth annual Irrational Economic Summit in Austin last week.

What a conference. Dave and I wrapped up the event HEREand below at the end of the jam-packed three days:

As usual, Harry kicked things off, setting the tone on Thursday afternoon with his background and what he sees ahead with his cycles.

Then we had George Friedman talking about geopolitics, which are front and center right now and inform Harry’s geopolitical cycle.

Then we rolled into Neil Howe, who dubbed the kids of the Boomers the “Millennial Generation,” and whose work is a big part of what we do at Dent Research with demographics and how people change their points of view over time.

And we had the guy who named the Internet of Things, Kevin Howe. During his presentation, Kevin joked about the headline of MY ECONOMY & MARKETS PIECE LAST WEEK, “What Did the Refrigerator Say to the Toaster?” (He doesn’t know either.)

That was only the start. The rest of the Dent Research team and others gave insightful talks and enjoyed some great interaction with our readers.

If I had to pick one highlight of the event, it would be the panel discussion with Harry, Dr. Lacy Hunt, and David Stockman. When you get three people on stage who are used to being the center, it can get interesting! They didn’t agree on everything, which made for lively discussion and a great session. As the moderator, I didn’t have a front row seat, I had an on-stage vantage point.

There’s a lot of cracks in our economic veneer right now, but in addition to laying out the reasons why that’s the case, this year’s IES set a great tone of not looking at the next 10 minutes, but the next 10 years.

And, luckily, we recorded the entire thing, so even if you weren’t able to be there, you can get access to all of the great information with OUR ON-DEMAND VIDEO KIT. But the deadline for access is Tuesday night.

If you think you’re short on time and won’t be able to see it all, I highly recommend you get access and scroll to the panel with Harry, Lacy, and David. It’s worth every minute. CLICK HERE TO GET IT.

Rodney

P.S. You can also catch my presentation on the marijuana industry, David Stockman’s take on why the last nine years have been a debt-fueled mirage, and Lacy’s new research on diminishing returns, which he delivers with this signature “voice of God.”

IT’S ALL WORTH A WATCH.

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That’s a Wrap!

The 2018 IRRATIONAL ECONOMIC SUMMIT is now officially over!

And just like every year, it was an incredible three days of learning from some of the smartest investment minds in the world.

People like Harry Dent… who continues to amaze me with how thorough and detailed his research is (and the predictions he’s able to make because of it).

George Friedman… a geopolitical master who paints a picture of the world you simply won’t find on TV. And when you listen to him describe the complicated web of agendas that REALLY balance the worlds regimes, you start to realize just how fake most news really is.

Neil Howe… whose brilliant work on generational cycles continues shows just how predictable the future really is. And even though it can be difficult to accept that we’re in the “crisis” phase… once you do, you realize just how much opportunity there really is.

Kevin Ashton… who so elegantly stated, “Predicting the future is easy… believing it is hard.” These nine words were the beginning of a series of predictions about the future I (almost) couldn’t believe could happen.

David Stockman… an economics and political wunderkind who has such a thorough understanding of how the Deep State interests are corrupting our country.

Lou Basenese… His presentation alone was easily one of the best hours I’ve ever spent a conference. Learning about the tech “hype cycle” — and why our biggest advantage as individual investors lies in small-cap tech stocks — made me rethink the way I personally invest.

J.C. Parets… I wasn’t prepared for how good this man was on stage. I must have taken two pages of notes from his talk (and dedicated the majority of yesterdays update to barely the first 10 minutes of his presentation). He’s the ONLY person who’s ever gotten me excited about understanding technical analysis and charting.

Michael Terpin… when it comes to cryptocurrency and blockchain, there simply isn’t a more connected and better informed person on the planet.

Not to mention all of our editors here at Dent Research — Rodney Johnson, Adam O’Dell, Charles Sizemore, John Del Vecchio, Lance Gaitan — who I’m grateful I get to learn from every single week here.

It’s Not All About the Speakers…

Some of the biggest — and most important — insights I got from this year’s IRRATIONAL ECONOMIC SUMMIT didn’t come from the stage… they came from people just like you. Our amazing and diverse group of Dent Research members who come from all walks of life and all across the globe.

And as the boots-on-the-ground reporter, I spent a lot of time talking to our members and getting to know them and their stories.

I can’t think of any other room I’ve been in where one minute I can be talking to someone who used to be in charge of a substantial portion of the Air Force’s budget… and the next I’m chatting with someone whose grandfather invented commercial air conditioning…

Or a professional trader who now lives in Nicaragua after “escaping from Chicago”…

Or one of the many financial planners and financial advisors who trust our research to help them (or their clients) make better investment decisions.

But it wasn’t until the very last day, when I met William and his 13 year old son, Nathan, that I got my biggest insight from this conference.

You see… William’s son Nathan actually skipped school to come to the Irrational Economic Summit with his father. And I don’t know what you were doing when you were 13… but I know I sure wasn’t learning about money, financing, or investing.

So, when I asked William what it is he’s hoping to teach his son, he said this…

“You know Jake, I like money. Because money tastes like a safe home to live in, a comfortable bed to sleep in, and the ability to take care of your family. It tastes like freedom. But the way you get all of these things is by taking responsibility for your life.”

I was floored.

Freedom comes from responsibility. A belief I wish more parents were instilling in their children. And a belief I wish our society was more willing to accept in this crazy era of entitlement.

But I guess that’s why I love being a part of the Dent Research family.

Because being in our room says something important about you…

It means you’re open-minded, curious, and willing to learn.

It’s Not Too Late

Before I go, I want to remind you that everything I touched on, the presentations the speakers gave, and numerous other bonus content, is still available to you.

Though the 2018 Irrational Economic Summit might be over, YOU CAN STILL CATCH ALL OF WHAT THEY HAD TO SAY WITH THE DIGITAL REPLAY KIT OFFERED THROUGH YOUR LIVESTREAM PASS.

Change is coming.

And with as much disruption in the world today — which will only become worse over time — it pays to be prepared.

So long as you keep an open-mind, and continue to learn, there’s nothing that you can’t overcome.

With our annual Irrational Economic Summit, we strive to keep you in the know, to expand your horizon, and to put you into a better position where you can make major profits, regardless of the status of the economy, the markets, or the political atmosphere.

Yet we also get the most when we engage as a community, and at the conference, we aim to bring every member together. In the end, we share a common goal: freedom.

I’d love to hear what you thought about this year’s Irrational Economic Summit.

Tell me your thoughts about it at ECONOMYANDMARKETS@DENTRESEARCH.COM.

Until next year,

Jake Hoffberg

The post That’s a Wrap! appeared first on Economy and Markets.

Your Money or Your Life: How to Afford to Live to 100

According to just about every single study I’ve ever read… the number one fear of older (or retired) people is outliving their money.

Or as Adam O’Dell likes to say, “dying while broke.”

And here in America, where a shocking number of people don’t have anywhere near enough to afford retirement…

It’s becoming a very real possibility for more people than we’d like to admit.

And if Kevin Ashton is right, your grandchildren may have life expectancies in the 100s…

It means we’re going to have to start rethinking retirement. And to do that, it means we’re going to need to let go of some of the old ideas we believe to be true.

“The main goal is to find out where we are wrong…”

As I write this, J.C. Parets is on stage giving his talk called A TOP-DOWN APPROACH TO MARKETS USING INTERMARKET ANALYSIS TO FIND STOCKS TO BUY.

And aside from his incredible energy and enthusiasm on stage, J.C. is one helluva smart technical analyst.

For me, his big idea is this…

When we are under stress, we revert back into our lizard brain and act irrationally and emotionally. And if we want to be successful investors, being an emotional mess isn’t a good idea.

Which is why he likes to write down why he entered a trade.

He says…

“We want to plan out what we are going to do prior to entering the trade, so we don’t get overwhelmed by stress when we revert back to our basic programming.”

But more importantly, we always want to assume we are wrong. And we want to look for evidence that proves we’re wrong.

And he is willing and able to change his mind when the conditions change.

Which is why, despite being “obnoxiously bullish” for the past several years about stocks…

He’s changing his tune now that the data is suggesting the environment is changing.

Word of Advice:

“Don’t be emotional about your stocks.”

That’s what John Del Vecchio said in HIS PRESENTATION EARLIER TODAY.

And he, too, echoed the sentiment that we have to be willing to change our minds based off new information.

But here’s the rub…

Where do we get this new information?

It’s definitely not coming from the status quo.

It’s coming from the disruptors.

It’s coming from the radical thinkers the mainstream rejects.

It’s people like Harry Dent.

And as I’ve been saying these past few days… that is the magic of the Irrational Economic Summit.

It’s getting exposure to all the things you WON’T hear on TV or in the newspaper. And If we’re willing to be open-minded… if we’re willing to ask ourselves where am I wrong?… and if we’re willing to believe what the data is telling us (instead of our emotions)…

That is how we can take advantage of the profit opportunities ahead of us!

The Next Great Flood

If you’ve been following Harry for any period of time, you know that he’s predicting a major crash.

But he’s not the only one.

Lacy Hunt showed the rather terrifying evidence of the effects debt is having on the global markets.

Neil Howe showed us the generational rhythms show we are entering into the Fourth Turning… the crisis phase that comes before the Golden Age.

David Stockman said we’re about to enter into a time period like the great biblical flood… a great reset where the world is wiped clean and we can start again.

And we’ll be the first do admit we don’t know exactly WHEN it’s going to happen… but it could happen a lot sooner than we think.

DISRUPTION.

It’s coming.

All of the data we’ve seen here over the past three days paints a convincing picture that this future is coming.

But are you willing to believe it?

I know I do. And I’m taking steps to protect myself from this crash and take profit from the disruption.

-Jake Hoffberg

The post Your Money or Your Life: How to Afford to Live to 100 appeared first on Economy and Markets.

Happiness As a State of Being Well Deceived

“For if we take an examination of what is generally understood by happiness, as it has respect either to the understanding or the senses we shall find all its properties and adjuncts will herd under this short definition, that it is a perpetual possession of being well deceived.” — Jonathan Swift, A Tale of a Tub

Yesterday, Barry Potekin from the RMB Group took the stage and said something that hit home with me…

He made an off-hand remark about the Jonathan Swift quote cited above.

“Happiness is a state of being well deceived. And if you think you’re diversified because you own stocks in different sectors, you’re crazy.”

And according to every study on wealth building I’ve ever seen… Barry’s right.

It’s not about owning any one specific stock, commodity, or property. It’s about having a mix of investments that perform independently of each other.

But in this crazy world of infinite free money… where everything has been pumped up on cheap credit… how do we do that?

Barry’s answer to the question is to consider investing in managed futures, which is a commodities-oriented strategy that isn’t directly correlated to the stock market.

It’s a strategy that’s been used by family offices and hedge funds for years to reduce risk and improve returns…

But Barry’s comment triggered a big insight for me that I wanted to share with you today.

And I think it’s the reason we get together every single year at an event we call the Irrational Economic Summit.

For years, we’ve been living in a state of perpetual delusion about what’s REALLY going on with the economy.

Our leaders try to keep us distracted and happy with perpetual propaganda…

They need us to believe that everything is okay. That this bubble in everything isn’t real. That the problems from 2008 have been fixed.

They haven’t.

And people are starting to wake up.

They aren’t happy. They’re worried.

They’re all starting to realize the emperor has no clothing.

And this is why we’re about to enter into a period of massive disruption.

Happy People Don’t Innovate

When Harry opened the conference, he said something profound… and I’ll paraphrase it here…

“Unhappy people are the ones who innovate. Unhappy people are the ones motivated to achieve. Unhappy people resist the status quo and fight for something different. And these are the people who disrupt.”

So, let me ask you a question…

Do you think people are happy right now? That the status quo will prevail and this market will keep on marching hire?

Or do you think people are pissed off, and the world is ripe for dramatic change?

And more importantly…

Are You Happy Right Now?

Are you happy with the way things are going? With the returns you’re getting? With the amount of money you have saved?

If you’re not, maybe it’s time to do something different.

Maybe it’s time to consider new ideas, or time to reject all the garbage you’re hearing from the government, the crooked politicians, and the plethora of fake news from all sides of the aisle.

And maybe it’s time to consider that the “common wisdom” you’ve heard about investing is wrong.

Which is what Charles Sizemore talked about in his presentation Securing a Stable Stream of Income Amidst the Chaos.

According to Charles, the traditional financial plan is ripe for disruption.

Traditional financial planning calls for a glidepath from heavy-equity exposure to heavy-bond exposure as we age.

But that belief system was formulated when the bond markets had some kind of meaningful yield.

Which is why Charles says you need to focus on active trading rather than buy-and-hold investing… the exact opposite of what you’ve been told for the past 20 years!

So, if you’re worried about your retirement… you’re worried about outliving your money… or you’re just plain worried about creating income…

Make sure you check out Charles’ talk (click here for details).

Today’s Schedule

9:00 AM – 9:40 AM
Q&A with Harry Dent and Rodney Johnson


9:40 AM – 10:20 AM
How to Profit from Sector Analysis in the Age of Disruption, Adam O’Dell, Chief Investment Strategist, Dent Research


10:20 AM – 10:50 AM
Coffee Break and Time to Visit Exhibit Hall


10:50 AM – 11:50 AM
The Donald, The Deep State And The Undrainable Swamp, David Stockman, Editor, Contra Corner, Deep State Declassified, and The Stockman Letter


11:50 AM – 12:30 PM
Disruption in a Trillion Dollar Industry, John Del Vecchio, Editor, Hidden Profits & Earnings Insider Alert


12:30 PM – 2:00 PM
Lunch Break


2:00 PM – 2:40 PM
A Top-Down Approach To Markets Using Intermarket Analysis To Find Stocks To Buy, JC Perets, Founder, Allstarcharts.com, Editor,Breakout Profits


2:40 PM – 3:40 PM
Panel: Harry Dent, Lacy Hunt & David Stockman — Moderator, Rodney Johnson


3:40 PM – 4:20 PM
How To Profit From Interest Rate Volatility: How Fed Actions Help Us Win!, Lance Gaitan, Editor,Treasury Profits Accelerator


4:20 PM – 4:50 PM
Coffee Break


4:50 PM – 5:50 PM
Fireside Chat: Charles Sizemore, Roger Conrad, Richard Smith — Moderator, Rodney Johnson

 

Jake Hoffberg

The post Happiness As a State of Being Well Deceived appeared first on Economy and Markets.

The Irrational Economic Summit: Day One Recap [Video]

Well, folks, Day One of the Irrational Economic Summit is in the books. It was jam-packed full of insights from Neil Howe and our own Harry Dent. And Keynote Speaker Kevin Ashton brought the goods…

They covered a lot of ground in just one day. Keep in mind that with the “Live Stream Pass” you can go back and re-watch the presentations, just in case you may have missed something.

And Day Two is shaping up to be just as thought-provoking.

Jake will have more coverage coming to you soon, so keep an eye on your inbox for his PM update.

Following yesterday’s presentations, Dave Okenquist was able to catch up with Harry for a brief interview on his thoughts about the conference so far.

Click the video below to hear what Harry had to say.

And for those of you who aren’t attending, there’s still time to snag your pass to access the remainder of our Irrational Economic Summit, as well as gaining access to the replay kit.

Again, keep your eyes peeled for the PM update coming from Jake later this evening.

Take care, take care.

Coty

The post The Irrational Economic Summit: Day One Recap [Video] appeared first on Economy and Markets.