Post this in the category “Don’t stick your head in the sand”

I found this presentation by Harry Dent to be of interest as he paints the picture of times ahead where the baby boomer population has past it prime spending years.  Considering that the US economy is made up mostly of consumer spending (70 plus percent), it does not bode well.  He discusses the level of private debt in excess of 42 trillion dollars and deflationary projections for the future.  Even with the big Ben printing money and inflationary policies, deflation may win out.

By Harry S. Dent, Jr., author of The Great Crash Ahead and editor of Boom & Bust

To watch a video version of this presentation by Harry Dent,
please click on this link: