Finance & Fury Podcast

This week’s Say ‘What’ Wednesday is from my friend Adam. We were talking on the weekend about Harry Dent’s recent visit  He predicts a property crash - There is ALWAYS another financial crash coming! He claims that Australian property is set for a 50% crash - Or correction? Interestingly, Dent made similar prediction in 2011, 2012, and 2014 as did The Economistand Demographia.   History: Lets go back in time 2014 - Dent came to Australia warning the China bubble would bursts in mid-2014 and Sydney house prices could collapse by up to 55%. What happened? Houses and units went up over 80% since then 2012- Dent was quoted in Forbes as saying: “The greatest housing bubble in developed-country cities starts with Brisbane, Australia …”. What happened? Prices went up average 23%   End of the world Just like those that predicted the end of the world – Mayan calendars – just read the tea leaves wrong. But Harry has doubled down in his conviction his timing was premature Forecast is correct because he has n