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Photo: Harry Dent

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.”

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