Harry Dent

The US will go through a deflationary, 1930s-style depression from 2010 to 2023.

“From 2010 to 2023 we will see a depressionary, deflationary downturn that will look and feel like the 30s.”

Said on

4 February 2002 · Interview with Money Management Executive (Financial Planning), on baby-boomer spending peaking in 2008-2009

Source

Prognosticator Predicts the Return of "Tech Mania" · Financial Planning / Money Management Executive

Should come true

2023

How sure they sounded

we will see (stated as fact)

Categories

Economy

Importance

4 of 5 · A 1930s-style depression in the US would have major global consequences.

Outcome

Inaccurate

The US did not have a 1930s-style deflationary depression in 2010-2023. The NBER dated an expansion from June 2009 to February 2020, the longest on record, followed by a two-month COVID recession; inflation then rose to 40-year highs in 2022 rather than deflation.

Evidence:

• https://talkbusiness.net/2020/06/nber-u-s-enters-recession-ending-longest-economic-expansion-in-u-s-history/