With its "zombie" public companies and small-business failures, the U.S. economy is "dead," and a second stimulus won't revive it, argued Harry S. Dent Jr. in a recent interview with Treasury & Risk sister publication ThinkAdvisor.
"The contrarian's contrarian," as Dent is known, forecasts that the pandemic-afflicted U.S. economy, amid an enormous Federal Reserve-created bubble, won't bottom out until 2023. He predicts that the stock market will reach bottom late in 2022 or early in 2023. It will be "the lowest stock market of our lifetime."
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.