Rising inflation, more and more money printed and poured into the economy, and other markers now cause some experts great concern. Let’s pray together for God’s will to be done.

From New York Post. As the clock ticks closer to 2024, one outspoken economist is making a dire prediction about the markets in the new year.

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“Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous state,” Harry Dent told Fox News Digital.

“I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes.” …

Dent, who spent the majority of his career analyzing proprietary research, credited his against-the-grain prediction to overvalued markets and excessive stimulus spending.

While recent rallies have overwhelmingly provided investors with mild recession expectations, Dent remained firm that an “everything bubble” will burst next year.

Historically, market bubbles are characterized by a rapid rise in stock prices, before being met by a sharp fall.

The economist noted that this bubble actually started in late 2021 after the height of the COVID pandemic, with the first signs showing in 2022 when Nasdaq was down 38%.

The new year will bring the “B wave” of the crash.

“The Roaring ’20s bubble was not an everything bubble. [A] real estate barely bubble [in 2008], it was stocks and urban real estate that bubbled,” Dent said. 

“This is the one time I’m telling you, do not listen to your financial adviser. Things are not going to come back to normal in a few years. We may never see these levels again. And this crash is not going to be a correction. It’s going to be more in the ’29 to ’32 level. And anybody who sat through that would have shot their stockbroker.”

“That’s an 86% crash in the S&P and a 92% crash in the NASDAQ. And crypto, it’s going to be 96%. So that is a big deal,” the economist added. …

Criticizing investors who have played into a year-end market rally where the Dow Jones Industrial Average ended last week scoring its third record close after crossing 37,000, Dent encouraged Americans to “get out of the way.”

“If I’m right, it is going to be the biggest crash of our lifetime, most of it happening in 2024. You’re going to see it start and be more obvious by May,” the analyst stressed. …

Last week, the Fed hinted it would end its historic campaign to bring down inflation, propelling a new streak of records for the Dow. …

Looking at the Federal Reserve’s rate trajectory, Dent argued there’s “no chance” of a soft landing.

He believes continued disinflation will turn into deflation for the first time since the 1930s, and that the central bank has a “weak” economy in its hands. …

Whether or not the economy fails, we do well to put our hope in Christ. Share your own prayers for provision and protection in the comments.

(Excerpt from New York Post. Photo Credit: Paul-Alain Hunt on Unsplash)