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Dent, born in Columbia, South Carolina, is the son of Republican political strategist Harry S. Dent Sr. Dent is the founder of HS Dent Investment Management, an investment firm based in Tampa, Florida that advises, and markets, the Dent Strategic Portfolio Fund mutual fund. Dent is also the president and founder of the Dent Research and ...
The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately. Although financial leaders in the United Kingdom, as in the United States, vastly underestimated the extent of the crisis that ensued, it soon became clear that the world's ...
The stock market crash was not the first sign of the Great Depression. "Long before the crash, community banks were failing at the rate of one per day". [78] It was the development of the Federal Reserve System that misled investors in the 1920s into relying on federal banks as a safety net.
The stock market has a 100% success rate when it comes to recovering from downturns, and since nothing is guaranteed when investing, that's a pretty remarkable track record.
The stock market is no stranger to fluctuations, but Dent's forecast goes beyond the typical market correction. “This is the one time I'm telling you, do not listen to your financial adviser.
Innovation and Economic Crisis Lessons and Prospects from the Economic Downturn. London: Routledge. Barnett, Vincent (1998). Kondratiev and the Dynamics of Economic Development. London: Macmillan. ISBN 978-0-312-21048-9. Beaudreau, Bernard C. (1996). Mass Production, the Stock Market Crash and the Great Depression. New York, Lincoln, Shanghi ...
An economic depression refers to “a severe, sustained period of economic weakness.” The last one, the Great Depression, technically ran from October 1929 to 1933, but the U.S.’s economy didn ...
The stock market crash in 1929 not only affected the business community and the public's economic confidence, but it also led to the banking system soon after the turmoil. The boom of the US economy in the 1920s was based on high indebtedness, and the rupture of the debt chain caused by the collapse of the bank had produced widespread and far ...