Harry Dent on ‘Young people cost everything and produce almost nothing’

By
Services for Real Estate Pros with Platinum Properties Investor Network

Harry Dent Jr. - The Great Depression Ahead During podcast episode number 75 on Jason Hartman’s (that's me!) Creating Wealth Show, Harry Dent, explains the ‘Dent Method,’ a long-term economic forecasting tool based on demographics. Dent has made predictions based on this method, most of which have come true. The ‘Dent Method’ takes indicators most economists never even look at because most economists are only focused on the short term trends, which are very difficult to predict. “Long term trends are easy to see,” says Dent, “the baby boom was driving all of the new trends; this created a whole new way to analyze the cycles.”

When asked about demographic tendencies, Dent said, “Peak earning years are at age 46, and peak spending years are between 46 and 50.” He explains that, because their kids tend to leave the “nest” at that point, their spending goes dramatically down and they begin to save what they have left for retirement.

During podcast 75, Dent speaks on inflation and the role the younger generation plays in causing it to exist. “Young people cost everything and produce almost nothing; and high productivity actually reduces inflation,” states Dent. Contrary to this statement, Dent also explains that as the workforce contracts, it is deflationary, and will result in the overall fall in prices.

Dent even addresses the current housing collapse at the end of the interview. He believes the housing, when adjusted for inflation, has actually been very flat; but during the bubble, housing appreciation doubled. Dent states that he understood the nature of this housing bubble and predicted it would eventually pop. “Where was your house priced in year 2000? Dent asks the audience, “that is where housing prices will most likely fall to during the correction.”

Harry Dent, expert economist and author, has published many books on this subject, most recent The Great Depression Ahead.

Creating Wealth ShowMy Creating Wealth Show has featured many recognizable names in recent years including Michael Gerber, David Allen, Michael Munger, Addison Wiggin, Robert Kiyosaki and many others. The Creating Wealth Show is available for free on www.JasonHartman.com/radioshows or the iTunes store, and offers investment strategy advice to those who wish to be financially independent through income property investing. To speak with an experienced investment counselor, you can call 714-820-4200 or visit www.JasonHartman.com for more details.

###

Subscribe to the Creating Wealth Podcast in iTunes or listen online.

For more free cutting-edge income property investing and eBusiness news and advice from expert Jason Hartman (yours truly), subscribe to the Creating Wealth Podcast in iTunes or listen online for free!

Or you can sign up for my free educational CD at www.JasonHartman.com/freecd

Click here for original post of this educational blog

Search Income Property available nationwide

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
California Orange County Irvine The Plaza Irvine & Plaza 3000
Groups:
ActiveRain Rockstars
Addicted to Active Rain
Austin Real Estate Investment group
Investing in Real Estate
Midwest Investor Network
Tags:
robert kiyosaki
jason hartman
income property investing
david allen
michael munger
harry dent
long term trends
creating wealth show

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lamp to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the woman to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
86,727

Jason Hartman

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information