Delray Beach, FL (PRWEB) July 08, 2011
Boom & Bust editor, Harry S. Dent, released a report on June 21 warning investors of the Dow’s impending plummet to a low of 3,300 in 2012-2013.
“Much of the Main Street media and many Wall Street’s pundits want investors to believe the worst is over,” states Dent. “But that’s not what my research says. What it is saying is there is a ‘perfect storm’ of economic and demographic realities brewing that will likely make the next decade one of the most trying times in U.S. economic history.”
Dent’s research indicates the end of the baby boomer generation’s peak spending years, coupled with the current economic climate, as a catalyst for further hardship nationwide. They’ve entered retirement and stopped spending on big ticket items that drive economic growth. His resulting predictions include the unemployment rate reaching 25%, housing prices falling an additional 30%, personal bankruptcies and property foreclosures soaring 30% and state and municipal governments, particularly at the city and county level, being forced into default.
Anyone with questions or wanting more information may contact Teresa van den Barselaar at Delray Publishing at 561-272-0413 ext. 133. Read more about Dent’s Dow 3,300 forecast here: http://www.boomandbustinvestor.com/pages/bnb/video/BNB1.php?pub=BNB&code=WBNBM600