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dlukton
David Lin
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Comments by "dlukton" (@dlukton) on "Your wealth will ‘disappear’ by June as 'final crash' wipes out stocks, real estate says Harry Dent" video.
I don't see a "crash"... if "crash" is defined as a very rapid and violent decline; for example a decline of 20% (in the S&P) in a single day would be a crash; and a decline of 50% in a month would also be a crash. But suppose that the S&P were to decline by 10% over 10 years.... at the same time that the purchasing power of the dollar declined by 70%. That would be quite a large decline in the S&P ... in inflation-adjusted terms, but it would NOT be a crash. A decline like this (large, but slow-moving) is a very likely scenario.
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