Scottsdale, AZ –Real estate and economics podcaster Jason Hartman and renowned economist Harry Dent engaged in a deep discussion that ended with dire predictions about the global economy. Dent explained China’s precarious position as an economic superpower, the state of the investment banking industry, and why the United States will see plummeting interest rates.
Both Hartman and Dent didn’t hold back in bashing the current state of the banking industry and its previous contribution to the 2008 Great Recession. Dent believes banks have gotten so big and complex that they’re forgetting what they’re meant to do.
Despite a couple of years of down markets, the U.S. economy has rebounded, resulting in skyrocketing stock and real estate asset classes… but neither Dent nor Hartman buy the numbers given how much stimulation government and the Federal Reserve have injected.
Dent sees 2017 as the year when bubbles burst and markets tumble, and he thinks that – unlike 2008 and 2009 – the rich will pay dearly. To prepare for the crash, Dent recommends investors to start looking at affordable residential real estate in boring markets. He predicts interest rates will decline and upscale home prices will become depressed. The topic of conversation then shifted to China’s bear economy. Dent and Hartman agreed that the worst has yet to be seen.
The Creating Wealth podcast with Jason Hartman is a part of The Hartman Media Company’s network of shows, which have a global audience in 164 countries and are ranked at the top of iTunes as one of the most popular podcasts. New episodes of Creating Wealth release every Monday, Wednesday and Friday. The Hartman Media Company is becoming a required stop for politicians, media, economic, finance, health and travel experts.
Jason Hartman has been involved in several thousand real estate transactions and has owned income properties in tens of states and cities. His company, the Platinum Properties Investor Network, helps people achieve the American Dream of financial freedom by purchasing income property in prudent markets nationwide. Jason also believes that giving back to the community plays an important role in building strong personal relationships. He established The Jason Hartman Foundation in 2005 to provide financial literacy education to young adults providing the all-important real world skills not taught in school which are the key to the financial stability and success of future generations. Through his Creating Wealth podcast, he inspires and empower hundreds of thousands of people across the globe. To learn more about Jason Hartman and The Hartman Media Company, visit www.HartmanMedia.com
### Categories and keyword/tags: China, debt, global, depression, recession, gold, real estate, economics, U.S.A., politics, government, Federal Reserve, Big Government, fiscal policy, Wall Street, D.C., Washington, currency trading, currencies, commodities, banking, banks, investing http://www.jasonhartman.com/cw-722-harry-dent-profit-demographic-cliff/
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Organization: Hartman Media Company
Source URL: http://www.prreach.com/pr/26061
Release ID: 133880