American economist: The Big Daddy of economic crises is on the way

Famous economist and finance writer Harry Dent argued that there would be a stock market crash bigger than the economic crisis of 2008.

According to the news in Euronews, the famous economist gave a date for the crisis. What is the reason for the new crisis? US financial policy.

Excerpts from the Euronews news are as follows:

Speaking to Fox News Digital last Monday, the Economist argued that the “artificial incentives” that he stated were responsible for the United States (US) government delayed the inevitable collapse and said that the crisis that he said would occur next December “will be the collapse of our lives.”

Saying that the “bubble” has not burst yet and that this will result in a worse situation than the Great Depression experienced between 1925-1929, Dent said, “There was no artificial incentive behind the Depression. “So we are faced with a new situation that has never been experienced before.” He said and added, “This policy may improve the economy in the long run, but we will understand the gravity of the current situation we are in after the bubble bursts.”

Stating that the incentives have been going on for 14 years and that the course that was expected to last five to six years has been delayed due to the subsidy, the economist said that there will be a greater economic collapse than the economic collapse of 2008-2009.

It is also known that about two weeks ago, technology giant Nvidia went for a 10:1 share split and broke the record within three days.

Economist Dent claimed that Nvidia, which he called “a great company” and saw as Nasdaq’s hero, would fall by 98%. Dent said, “I can tell you that there has not been a single bubble in history that did not end badly, and this is a much bigger bubble than all of them.”

The economist thinks that the regulations to be made in the economy will be effective on the date of the “collapse” prediction and thinks that the market will see the bottom in the beginning or middle of 2025.