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Leading US economist warns: Stock market crash threatens to be worse in 2025 than in 2008

The economist has previously accurately predicted important economic events

A leading economist in the United States warned that there would soon be a stock market crash greater than the Great Financial Crisis. Fox NewsHarry Dent warned that the “everything” bubble had not yet burst and that the crash could be even worse than the Great Recession.

“From 1925 to 1929, it was a natural bubble. There was no stimulus behind it, no artificial stimulus per se. So this is new. This has never happened before. What do you do when you want to cure a hangover? You drink more. And that’s exactly what they did. Flooding the economy with extra money forever could strengthen the overall economy in the long run. But we won’t see that until this bubble bursts,” said Dent, who is also a graduate of Harvard Business School.

He noted that most bubbles last five to six years, but this one has been going on for 14 years. “So you would have to expect a bigger crash than 2008-2009,” Dent added.

When this bubble finally bursts, it could lead to an even more severe market crash than the financial crisis of 2007/2008.

“I think we’re going to see the S&P down 86% from its peak and the Nasdaq down 92%. A hero stock like Nvidia, as good as it is and such a great company, down 98%. Boy, that’s over,” he said, hinting at a multi-trillion dollar market crash.

He also predicted that investors could feel the impact in early to mid-next year as the Fed rapidly tightens monetary policy to control inflation. He also analyzed the housing market, which he believes is at the center of this potentially tragic bubble.

In his view, the US government is ultimately responsible for the decades-long, massive bubble in which the economy finds itself.

He said: “The government has created this bubble 100% artificially by injecting a drug to artificially produce more power. And again, everything from human life to history shows that you don’t get anything for free and bubbles always burst… the probability is much, much greater than anyone admits.”

Notably, the economist has previously correctly predicted major economic events, including the bursting of the Japanese asset price bubble in 1989 and the dot-com bubble in 2000. His predictions are based on a variety of factors, including demographic trends, business cycles and market analysis.

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