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Old 10-06-2014, 07:55 AM   #41
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I don't think anybody has the "serious credentials" to make such a claim.
He correctly predicted 8 out of the last 2 recessions!
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Old 10-06-2014, 08:56 AM   #42
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Somebody once said something like "alarmists are always right. The problem is finding which alarmist it is".
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Old 10-06-2014, 09:17 AM   #43
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Hah! I bought gold ammunition. Top that.
This made me guffaw. I've been wanting to use that word. Thanks!
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Old 10-06-2014, 09:31 AM   #44
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OTOH, he was employed by the CIA, a group continually planning for Armageddon. I suppose someone needs to have their eye on our worst case scenario.
Typing from the Pentagon right now, and I can assure you we got it covered. Well, mostly. Sometimes.
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Old 10-06-2014, 09:43 AM   #45
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Typing from the Pentagon right now, and I can assure you we got it covered. Well, mostly. Sometimes.
You forgot "maybe".
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Old 10-06-2014, 09:14 PM   #46
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The great Harry Dent anyone?
To me Harry Dent is always The King... he has actually managed to be ridiculously wrong in both directions in the just over a decade.

Harry Dent - Wikipedia, the free encyclopedia
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In 2000, based on his forecast that economic growth would continue throughout the 2000s, Dent predicted that the DOW would reach 40,000, a prediction which was repeated in his 2004 book.
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His 2011 book goes on to suggest consumer spending will begin to plummet in 2012 with the Dow bottoming out somewhere between 3,000 and 5,600 in 2014
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Old 10-07-2014, 06:17 AM   #47
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To me Harry Dent is always The King... he has actually managed to be ridiculously wrong in both directions in the just over a decade.

Harry Dent - Wikipedia, the free encyclopedia
Harry Dent may be wildly off on his targets, but the since 1994 the Harry Dent Portfolio has performed as one of the better portfolios for supporting the classic 4% withdrawal:

http://www.retireearlyhomepage.com/reallife14.html


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Old 10-07-2014, 07:50 AM   #48
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Best course of action: invest in aluminum foil producers.

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Old 10-07-2014, 10:49 AM   #49
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The only certainty in the markets is uncertainty about the future.
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Old 10-07-2014, 12:09 PM   #50
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He will be right someday... But who the heck knows when!
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Old 10-07-2014, 01:36 PM   #51
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Just wait for global cooling. It's coming any day now.
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Old 10-07-2014, 03:12 PM   #52
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Just wait for global cooling. It's coming any day now.
No need to wait. This reminded me of the group of environmentalists traveling to Antarctica to study global warming a while back who got stuck in the ice well before they got there.
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Old 10-08-2014, 10:37 PM   #53
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It's going to be the asteroid in the end.
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Old 10-08-2014, 10:59 PM   #54
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He's been preaching the imminent end of the financial world for a very long time. He may or may not be right eventually but he's been very wrong so far and I have no intention of planning my finances and lifestyle around his speculations of financial armageddon.

I did read one of his books last year - it was a waste of good reading time.

Hope you didn't spend anything on the book. It's always about getting rich by getting attention, by scaring people into buying your book or your foolproof system.


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Old 10-09-2014, 09:45 AM   #55
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The only certainty in the markets is uncertainty about the future.
Or there is some that don't know and some that don't know they don't know.
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Old 10-09-2014, 10:07 AM   #56
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I have found over the years that most con games use greed and/or fear to suck in their victims or suckers as they are known. So I am cautious when someone tells me how scared I should be or how fast I can make a lot of money. Just my two cents worth.
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Old 10-09-2014, 10:12 AM   #57
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It's going to be the asteroid in the end.
So true, especially for those who lie face down when it hits...
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Old 10-09-2014, 01:20 PM   #58
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In response to the coming crisis I'm going to diversify my investments, improve my self sufficiency skills, live below my means, and practice my marksmanship.

Hmm, seems like what I was already doing?
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Old 10-10-2014, 04:31 AM   #59
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Selling a $40 book and up selling a lot more. Reminds me of "Millionaires Dumping Stocks; Economists Know Why". That article has been republished since early 2013. I feel sorry for the poor souls who paid for that book and sold off all their stocks in advance of record S&P 500 gains in 2013!

Doom and gloom sells! Just look at Coast to Coast AM with George Norry or Alex Jones and all of the sponsors who sell haz-mat suits, food storage stuff, gold and so much more.
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Old 10-10-2014, 11:00 AM   #60
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Hah! I bought gold ammunition. Top that.
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....shouldn't it have been SILVER...for the vampires and the zombies??
You're both on the right track, but the military prefers depleted uranium. Lead can be hazardous to your health.
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