We’re in the Dead Zone, Something’s Got to Give

A wise man once said that if you need to take viagra to have sex, you should know you have a low libido.

And if you need to pop a second pill, then you’re dead down there.

That’s how I feel about the global economy at the moment.

Even after the aggressive tax cuts, we’re slowing again back to that dreaded 2% GDP growth already. And all the flashing lights are indicating that we’re heading for even more into early 2020.

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Look around: Germany is falling into a recession in this quarter. Italy’s already there. The retail and financial sectors have been underperforming for over a year. Home construction peaked two years ago. RV sales have come crashing down. And we’re at a critical point in the stock markets, created by falling bond yields, a weak economy.

We’re in the dead zone, with massive government stimulus and still more planned. Trump is already talking about payroll tax cuts. That’s the one thing they haven’t done yet.

Something’s got to give. We’ll either break out of this sideways range in the last month to the past highs of July, or plummet down to the lows of early June. If those two levels are broken, then we see that 20%–25% final rally, or first, a 20%-plus correction.

I’m afraid to hold my breath. There will be clearer signals soon.

Regards,

Signature

Harry Dent,
For The Rum Rebellion

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Harry Dent is an economic realist. His market predictions and strategies, as well as his general views of the economic and political state of the world, are based solely on his own knowledge. And, as a Harvard University MBA graduate and Fortune 100 consultant, it’s not as though he’s lacking in this resource. But if experience isn’t enough to convince you, perhaps his accuracy is. In 2017, Harry Dent was making calls about the Australian property market that are coming into play as we speak. And yet, the media portrayed him as ‘crazy’. At The Rum Rebellion, this sort of biased, inaccurate media that isn’t accepted. Dent and his fellow editors aim to give you the information you should know, rather than what the media wants you to know. Dent believes in facts and facts alone when forming an opinion, and such is The Rum Rebellion mission.


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